Category: General Market NewsSort
The ugly truth can sometimes yield beautiful profits, says Irwin Greenstein, writing for Contrarian Profits. But the truth exposed by the US government’s recent round of Wall Street bailouts is that the US actually lost the Cold War in terms of its free-market philosophy. Investors should adjust their portfolios accordingly…
Corey Rosenbloom has done an excellent job of laying out what the markets are doing at this point. With all the bad news I found it refreshing to know that the sky really isn't collapsing the markets are just doing a little correcting. Maybe this will allow you to see what I saw.
Will the Ban on Naked Short-Selling Affect the US Dollar?
In light of the recent decline in stock prices, the SEC has responded by putting a 'ban' on naked short-selling stocks. The idea behind this ban is that speculative investors are driving stock prices down by continually shorting, and this is causing major panic in the markets, which in turn causes more conservative investors to flee also.
Mondays Market Trend
The dow closed down 504.48 points or 4.42% to 10917.51
The market is trending down within a Bearish Trend.
If it breaks the low of july 15th of 10827.71... things could still be ok. But if it breaks below my trend line at 10500, LOOK OUT..... big problems.....
The few remaining Oil Bulls left in the market meet in an underground bunker 100 feet below ground, under the headquarters of Big Oil in Irving, TX. Angry crowds of investors are closing in, advancing relentlessly. Artillery shell explosions can be heard distantly in the background.
Because the Markets are trending down, trading stocks from the short side makes sense.
HLF is a stock that have given me a buy signal to the short side.
I am expecting this stock to fall to $35/$36
+ The stock is in a Bearish Trend
+ The Markets are Bearish
+ The stock rallied from 36 to 48 and fell out of what i call a "Bearish Rally Zone"