Why The Market Is Headed Lower Still

Dr. Thomas Carr

| November 1, 2016 5:56pm

In this short video, Dr. Carr offers his analysis of the S&P 500 following Tuesday's sharp selloff. He has detected a rare but very reliable bearish pattern that could see prices fall even further. We may see a short-lived bounce following Wednesday's FOMC announcement, but any rally is likely to get faded ahead of next week's election. And whichever way the election goes, there is a good chance the markets will react negatively after the news given all the uncertainty going forward.

CLICK HERE TO WATCH VIDEO ANALYSIS:

Here is your game plan for what may be a significant market pullback:

• sell calls on your open longs
• reduce holdings in any overextended stock
• consider buy OTM puts on the major index ETF's
• buy inverse ETF's on major indexes
• buy a VIX ETF (VXX, UVXY, TVIX) or short XIV
• put some money to work in Gold and Bonds
• go long JPY:USD

Remember, this too shall pass! Blessings, TC

Dr. Thomas K. Carr (aka "Dr. Stoxx")

http://www.drstoxx.com