The bears are trying to redeem themselves after a horrendous retail sales report that came in at -1.2% versus a +0.2 expectation. As a result the futures are selling off hard and fast heading into the open. I got to admit – that is a huge relief, for now at least, as I took a royal beating (as you can imagine) since I was short to the gills yesterday.
Also my apologies for only two posts yesterday – I was wiped out and exhausted after the huge market rally. I will try to redeem myself today, and finally get out to you that Long-Watch List that I have been promising
(which I hope we never need anytime in the near future).
Here are Today’s Trade Setups…
SHORT: Minefinders (MFN)