Volatility, Safe Havens, and Bearish Bets – Trading Through Uncertainty with Jim Tassoni
Where's the Momentum? Navigating a Whipsaw Market with Jim Tassoni of Armor Wealth Strategies
In a market plagued by extreme volatility and few clear trends, Jim Tassoni, CEO of Armor Wealth Strategies, returns to share how he’s positioning amid shifting momentum, failed breakouts, and safe haven strength. From tactical shorts on SPY and IWM to disciplined gold longs, Jim outlines where he still sees opportunity, and where he’s staying cautious.
No signs of sustained momentum - Staying tactical and bearish.
Jim remains skeptical of the recent bounce, seeing "technical damage" across major indices. He shorted SPY on the bounce with plans to double down at 551 and sees potential downside back to 482.
“Until we see a daily close above 570 on SPY, we’re short-biased.”
Gold is the standout winner - but it’s not time to chase.
Jim’s been long gold since early February and sees $3,500–$3,600 as eventual upside targets. But for new positions, he's watching for a pullback to ~$2,975 futures as a better entry.
“This is a bull market for gold, overbought conditions can persist.”
Small caps and energy: bearish outlooks with defined stops.
Jim has a profitable short on IWM from 207, holding with stops at 198. On crude, he's riding a short from $77 with a stop at $69, warning that any move above that could open the door back to the mid-$70s.
“As long as we’re under $69, I see rallies as shorting opportunities.”
China and Japan: cautious but still invested internationally.
Despite global volatility, Jim remains long FXI and EWJ, though his Japan trade is underwater. He sees upside room in Chinese markets as long as FXI holds $30.
“We don’t see real resistance on FXI until $37–$38.”
➡️ Click here to listen to the full interview and hear how Jim is trading this historically volatile market.
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