With the Antifa get togethers planned tomorrow is it time to hedge your stock market portfolio?

The Stock Market is slightly up with the exception of QQQ up .38% an hour before the open.

Of note, most everything is around the 0 line.

I had another day trade yesterday that worked out fine. I’ve done that the last 2 days on my twitter feed. If anyone has any questions let me know.

I exited the trade early as I saw the market rolling over. As it turns out I got out very close to the top of the move.

For mean reversion trades I have IBB and XNCR. Bottom reversal, UUP and I added UNG yesterday.

System trades I have GLD.

So we are getting pretty busy with our trades as opposed to previously. That is the way trading works. Sometimes you get nothing and then you can actually get too many to manage.

A few days ago I mentioned that you might want to consider hedging your portfolio this weekend. Then on Monday take the hedge off. Before I give my reasoning I want to make clear I am no way expressing any opinions on any of the issues of the day or where I stand on them. The below is only what I consider an objective analysis as an outside unbiased observer. I am not burdened by any dogmatic ideology. I tend to try to go with the flo and keep an open mind on all issues.

The reason I am suggesting you consider this is because of the Antifa activity planned for tomorrow. Its widespread, organized, and in many instances, violence is projected. Supposedly this is the beginning of a rebellion against many things in the U.S.

Let me mention again, this is organized. It has financial backing behind it. Combine this with the surprise direction of the special counsel in focusing not only on the White House but also illegal lobbying with some selling national security for money.

That combination to me suggests we have the potential for this weekend to spiral out of control. Now, this could be my slight paranoia on the subject of course:) But, I have been correct in most of my predictions on the political odds page.

On new odds that were posted what took me by surprise is that a line was put out as to Clinton being indicted by June 2018.  A year ago people would have laughed at that thinking it could never happen. But the line they put out was an amazing only 2 to 1 against.

If your a poker player you can appreciate that more than others since your aware of how often those 1 outers come around:)  So 2 to 1 again is a surprisingly low number.

Things are coming to a head very soon it seems. And the people that are cornered most likely will not go quietly. I have been saying the stakes are very high on both sides right now. The rhetoric is out of control, violence is increasing and now there are people that most likely feel they are cornered with the direction of the way the special counsel is going now.

Also, keep in mind, Lynch came out with a tweet several months ago, that it was time to take to the streets and people have died for there rights to liberty. (not literal, my recollection). This was shortly after some damaging info coming out regarding the unmasking.

The odds of wide spread violence is most likely around 7 to 1 against. But to me, that is close enough to hedge against it for the weekend as if it happens the markets will open down severely on Monday. The simplest way is to buy SDS which is 2x the spy to the short side.

I will be hedging by the close of today.

Today I plan on doing another day trade when the market opens. Of course, it will all depend on the Breadth.

If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.

It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)

Good Luck Today

RickJ

RickJ’s Handicapping Picks

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