I couldn’t be more excited about my prospects for the shorting this market than I am right now, with the market staring down the barrel of two percent gains, I just need those bulls out there to keep telling themselves “I think I can…I think I can”. As it stands right now, I am looking
Here are five short setups (with a desirable stop-loss included) that I believe, will go down hard with this market, if it continues to churn lower. However, word to the wise, I don’t recommend going out right now and shorting these stocks, as the market is sitting in oversold conditions. I would wait for
Often times we talk about game changers or better yet, a change in the status-quo. Today we got such an event. They only happen a few times (if that) each year, and when they do, they can turn the tide of the market in an instant. Whether today will prove to be such, only time
August 12, 2008 To say the least we were destined for today’s pullback. This was a textbook pullback in that the action was mild, and the volume was miserably low – all positives for the bulls. Worries concerning financials resurfaced, with some dour news out of JP Morgan (JPM). However, none of it was
July 14, 2008 Today was very interesting in the action that we got from Wall Street. Solid opening followed by an immediate sell-off, tells me that the bears will continue to use any market rally to reload their short positions. The fear in the market is becoming widespread, which makes us very cautious in going
March 24, 2008 JPMorgan Chase (JPM) is showing itself to be a more effective manager of the economy then the Federal Reserve. In fact Bernanke and Co. may want to watch closely at how well JPM is doing at single-handedly restoring confidence in the market. All kidding aside, the market had another solid day
March 17, 2008 Who could ever imagined that a stock, not too long ago, that had a market cap of $20B, could be taken out shortly thereafter by a rival company for $2/share or $236M? That is exactly what happened with Bear Stearns today and according to the market’s reaction to its buyer, JPMorgan Chase,
March 14, 2008 After the rough close on Monday, things have been mainly on the up and up, but today the bulls had the rug pulled out from underneath them. The market sold off and it sold off in an extremely heavy way. Volume was nearly a third more than what it was earlier in