On April 29, 2022, The Professor got Bearish the housing sector. He sent out his trade Idea to subscribers near the close of the session. On May 2nd I gave the pick out to readers of this blog, well since then, the market has been in the mud and the Professor’s pick is UP and you NEED to hear these details.
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Here is a detailed breakdown of the Professor’s Short Idea In IYR
The Professor has been Bearish on various stocks for weeks, and the market continues to crumble, although I think a bounce may be near
Here’s how the Professor decided shorting housing was a great Idea:
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IYR Daily Chart
- Break of Support: Break of support levels have bears piling into this trade to the downside. This should accelerate the momentum to the downside as bears jump in.
- TTM Squeeze: The TTM Squeeze is showing a dropping momentum histogram and a squeeze is being shown with 4 red dots at this time.
- On Balance Volume: OBV bearish and trending lower from here showing a bearish divergence in the main chart.
- 20 MAY 105 Puts
Now here’s what IYR ended up doing:
And Here’s what those put options have done: 170% in a couple of weeks!
For an even more detailed breakdown of the Professors trade idea click the link below. But before you do that, Subscribe to Total Alpha now so you don’t miss the Professor’s next great Trade Idea being sent Tomorrow. Click HERE to SUBSCRIBE NOW
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