The market is still ugly, we could bounce or see the S&P head to the $1030 area before we get a meaningful bounce, I hope it comes sooner.
I've listed longs and shorts, but don't be afraid to tighten stops or use limit orders close to the stop level, that is probably the best tactic right now until we see what this market is going to do, but you do want short exposure. I really like EBIX (S) right here.
Other positions that look interesting include: MEG, GNBK, OESX all long and JEF (S).
The dollar remains strong but 3C suggests a pullback, which may give the market room to bounce.
Any questions-Email me as usual.
Brandt@Trade-Guild.net
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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