- Ryan Mallory
My List of bearish stocks to watch this week
Yesterday it was 77 bullish stocks, and this time around it is 77 bearish stocks to watch. Coincidence? Yup. Wasn't trying for that though it is kind of cool for reasons unknown to me. We've got a market that is gradually weakening right now, and has lacked any kind of desire to push higher since the rally on the first of the month. Either this market is finally giving up on the Trump Rally, or we are really close to another pop higher.
If history is any indication, the latter is more likly than not. On the other hand, all things have to end at some point. Am I confusing you yet?
The point is, to be open minded here. Just because the market is going down right now, doesn't mean you abandon ship on the long side, and for the bulls, just because the market is down today, doesn't mean you max out your margin accounts with new long positions. Moderation is in order here. See how the market continues to trade going forward. Raise stops where you can and where individual trades are not holding up well and violating their premise for trading them in the first place, cut them out of the portfolio. I got one in partcular that is a candidate for such a move today.