In yesterday's trade alert, where we added the the ProShares UltraPro Short QQQ ETF (SQQQ) as a short position on the Nasdaq 100, I told you that I'd share more of my thought process in today's video. That's what we're going to do.
If seasonality is telling me to go short, the market is overbought, and everything else is kind of showing me that it's stalling out, I think it's time to go short. This is what I've been waiting for.
At the same time, I don't want our whole portfolio to essentially be one trade.
Sure, I want to hand-pick some "slapped in the face" trades (as I talked about last month) that are just extremely overbought and meeting a lot of resistance...
But I also want some commodity and currency trades to balance us out and diversify. We have to be very tactical, and that's what our April Game Plan is all about.
Watch now as I go over what I'm most excited about now and what concerns me, including each of our current trades.
And before you go, please send me your questions and comments. I'll answer them in a mailbag issue soon along with another email I got that I'd prefer to address in written form. Just keep them rolling in at tradecycles@tradesmith.com.
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