There are several positions we had been waiting for and on Friday the limits were hit and trades were placed. We are exceedingly confident about these three trades, and we feel that it’s worth our readers’ time to take a peak at where we’re putting our cash. This “trade flash” will target those three trades.

Elliot Wave International chief market analyst Steve Hochberg applies Elliot Wave market timing theory to the current market dynamics. Indicators of sentiment including the S&P 500 put/call ratio, insider trading, and a crashing CBOE Volatility Index are cited as evidence for an eminent sell-off in riskier assets globally.

Click below to see Steve make his case on CNBC’s Squawk Box…

U.S. stocks looked unusually strong on Friday as two major factors concerning short term risk in global markets changed dramatically. The stagnant housing market and uncertainty over a viable path to solvency in Greece, which have been weighing heavily on global markets, seem to be less threatening if Friday’s data were judge. Technicals remain extremely overbought in commodities and equities as markets now face Bernanke and Q1 GDP this week.

The VIX is the CBOE (Chicago Board Options Exchange) metric of volatility regarding S&P 500 futures (SPX).Currently, the VIX is trading near it’s lowest levels since 2008, allowing bear traders and bull hedgers an attractive entry point for some risk or insurance in their portfolios.