Stocks Get Slammed, DOW Dives More Than 200 Points: I Made $5,000 Profit


By Jason Bond of JasonBondPicks.com

Stock markets around the world got rocked Wednesday.

I’m cash into Thursday and up 36% in 2013.

First the scoreboard:

Dow: 14,960, -216.9 pts, -1.4%
S&P 500: 1,608, -22.4 pts, -1.3%
NASDAQ: 3,401, -43.7 pts, -1.2%

VIX: 17.50, +1.23 pts, +7.56%

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Now let’s go back in time to Tuesday’s alert.

Jason Bond : Bought 10,000 UVXY at $6.46 (Sent by email, text & chat)

Later that evening I provided my rationale in my nightly open trade analysis.

UVXY – 10,000 at $6.46, currently $6.52. After 20 Tuesday’s of the market advancing today’s decline suggest we’re going lower so I placed a bet on UVXY when the market made an attempt to go green with a squeeze into the close. I was sitting at $6.45 for 10-minutes and it touched my bid 2x but didn’t fill so I flipped to a market order and took $6.46 before it moved up. Wednesday’s calendar is packed with data none more important than the Beige book. If we hear anything about tapering I find it hard to believe the market advances and a lot of ‘tapering’ talk is being leaked which leads me to believe they’re setting the stage to let Wall Street down softly. I’m only looking to make $.20 – $.30 / share here but would be thrilled with something around $.50 if the market does fall apart Wednesday. Watch the VIX for direction and if the S&P 500 falls a move to the 50 Moving Average is what I’d like to see.”

Wednesday’s Chart

uvxy

HAPPY CLIENTS

“UVXY made me $4,300… that’s good for me… Thanks JB.” ~ Clefo T.

“Out UVXY +$.43 thx so much jb!” ~ Debbie K

“Out UVXY +$.18 premarket just now for me.” ~ William S.

“Great call on UVXY yesterday JB.” ~ Greg L.

“Out UVXY @ $6.77 +$1,450 made my morning! ~ Thomas M.

“Out UVXY +5%, Thanks JB.” ~ Siddhartha C.

“UVXY sure isn’t easy to play and JB u stuck that one perfect.” ~ Paul P.

“Out UVXY $6.91 +$.43 FOR $4,300, THANKS JB.” ~ Michael D.

“Out UVXY +$5,830.” ~ Jay B.

“JB your gut call on UVXY keeps looking better and better.” ~ Mark W.

 ”Out UVXY +$.45.” ~ Steven G.

“Up $21,574 on UVXY today.” ~ Jay B.

make money (2)

 

By Jason Bond of JasonBondPicks.com

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Post Written By: Jason Bond
Jason made his mark (and fortune) on Wall Street by spotting opportunities, pouncing and locking in those profits fast. His shares his strategies and winning swing trades at his website http://www.jasonbondpicks.com/

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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