We are still bearish on W and the trade worked out quite nicely last time. It is below our major MA's and has a great Ratio of 2.36.
Again the theme is less risk in current Macroeconomic environment. Travel numbers have been going down which doesn't bode well for travel and leisure. As always the ratio of our trades are paramont. This is a good spot to make some money on a trade that played out quite nicely in the past.
Again pertaining to the Macro environment, it is a good idea to be on the long dollar side of things. More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds. Keep in tune for our instructions on moving the stop loss to a more favorable position...
We are not in clear waters yet to be able to pile back in to risk assets. Currently we think it's a good idea to short these Crypto names as long as they are in a bearish trend as long as the most important part of our strategy: The Reward to Risk Ratio is appealing.
Downtrend is visible using the MA's and also as with PK, we are bearish most travel and leisure.
Nice place to ride this downtrend with a decent R of 2.13. We are bearish financials throughout the current market cycle.
Our thesis on TSLA remains intact even though we were stopped out of the last trade. Ratio is better at this point with much more to go down if we hit the probably target.
Consumer discretionary purchases are slowing. Huge amount of demand depends on CHINA which isn't performing well. Growth, Tech and Consumer Discretionary remain to be shorts we are looking at. Most importantly this setup has an R of 2.09 which should pay off well.
SPHB short looks favorable to work again. This time a nice ratio of 2.18 Reward to Risk.
Ratio over 2 is the main reason we like the short here.
We're still short of the IWM on the current economic enviornment. Better Ratio on this trade. Feel free to trade a smaller position on this signal.
Shorting Spain here at an uptick in a bearish trend. Europe is not looking good in the current economic environment.
We are bearish on retail apparel companies for the most part given the current macroeconomic environment which has a decent probability to continue well into 2023. R = 2.13 on this trade which makes it a go for us.
The market is perpetuating low risk taking which makes the Russell a better broad index short than the S&P500. There's more room to the downside for this one to play out. We suggest a smaller position to which one can add incrementally after it makes it's move. The stop loss can also be moved closer to Breakeven to improve on the Ratio.
Many of the big names in Tech, Industrials and Financials are going to be shorted as part of the strategy. We just want ensure a decent Reward/Risk ratio, 1.69 in this case, as the Macroeconomic situation remains gloomy for the next few quarters at least.
FUBO TV short in play here with a 1.9 Reward to Risk
Another opportunity here to get in at a lower price on a bigger name with Reward risk of 1.98 Every time there's a chance to get on on Mastercard or Visa, we will pull the trigger as long as the economic environment is favorable to it.
There's a good Reward to Risk ratio on this TWTR trade even though it is already moving off a support area. R= 2.53 with the potential for it to return to previous highs.