Negatives still outweigh positives
Today is my last column of the month, so below is my usual month-end breakdown.
If you don’t have an edge, don’t trade
Monday was a slow drift higher on light volume…
Last week’s bottom will hold for a least a few weeks
The scenario that seems most likely to me at this point is that last week’s bottom will hold for at least a few weeks. After some minor rallying or sideways jiggling, the next leg down will begin, and that move down could possibly set up a sustainable bottom.
Is this market bottom for real?
The market put together a nice rally today…
Why I don’t think we’ve seen the low yet
Last week’s highs and lows are being watched by many as potential support and resistance levels.
Remain in bear market mode
As far as levels go, I think the bounce will get to at least 1245 in the S&P.
2 methods for taking profits
As a quick refresher, I believe you must have a systematic strategy for taking profits.
4 strategies for this market
Bear market strategies are beginning to work.
I’m trading in bear-market mode
Here’s my month-end recap, where I weigh the positives vs the negatives.
Why position sizing is so important
In last week’s columns I listed some ETF’s that were extremely oversold.
3 ETFs that are ready to rally
I am continuing to scale in to those areas that are most likely to bounce.
Here are 7 ETFs for short-term traders
Some ETF’s that are extremely oversold and look playable for short-term gains…