Stocks fell hard this last week, breaking support and entering uncharted waters. For those of you eager to jump right in a short on the Dow, be careful.
While stocks broke a key support level, a false breakout is not out of the question. Stocks pulled up off lows on high volume so the successful investor [...]
The Dow had a pretty bad week, dropping 430 points on slightly above average volume. As you can see on the chart, the Dow pulled back slightly, but is on its way to a new down-trend.
The bailout might be a market booster short-term, but I think that the more time that passes the more things [...]
The chart says it all. I expect things to head lower.
My advice: don’t attempt to trade this market. This is ludicrous.
We saw a pullback today on above average volume. Stocks did, however, finish a decent bit lower. I went short on the market after the big drop and if asked to take a guess, would say that there is a higher probability that something will [...]
Today’s action was extremely significant. The Dow formed a hammer on high volume. This shows significant support and that buyers stepped in and started to outweigh the bears.
I am taking a long position on the Dow tomorrow with DDM, an ultra-long Dow Proshares. I suggest you do the same!
