Friday's JBP

Stocks about to bounce?

Good morning,

Stocks are lower again Friday morning as Trump plays his trade war hand. I imagine China will be first to the negotiating table and see that as the most likely catalyst to reverse the markets. They appear to be the first to retaliate, which is why markets are down, and that’s the first step to negotiations.

UVXY is higher this morning and that fear trade is looking amazing. My $30’s and $27’s are a bit off but I do think the $30’s will work. I’d like to get more size at the $40’s today or take off the lower strikes and reposition as I’m nearly certain this is the bottom of the market.

This continues to be a day trading market, though I’m fine taking swings in volatility like this — it’s just harder.

Headed into the session I have UVXY puts, SANA stock swing and LQMT long-term.

LQMT is my long-term trade that I buy and sell without notice, and it’s been hot lately after one of the top Apple new product analyst, Ming-Chi Kuo changed his outlook on the foldable iPhone hinge from titanium to Liquid Metal. And with Apple about to invest $500B in the U.S. — this could be the start of an epic run I’ve been looking for. Remember, the CEO’s stock options are tied to $1 share price or up listing to the Nasdaq.

Here’s the early momentum scan. Watch the APP for trade ideas and real-money alerts.

Eat. Sleep. & Trade!

Jason Bond

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