According to the Stock Trader's Almanac, today and tomorrow are "bear" days, when the S&P 500 has historically fallen more than 60% of the time.
Given how many stocks I've seen fall below supports and trendlines today, I can well believe that the indices will fall again tomorrow. I've taken a small position in the SPXS, a leveraged fund that delivers 3x the inverse of the S&P 500. I will sell tomorrow at the end of the day.
Given how many stocks I've seen fall below supports and trendlines today, I can well believe that the indices will fall again tomorrow. I've taken a small position in the SPXS, a leveraged fund that delivers 3x the inverse of the S&P 500. I will sell tomorrow at the end of the day.
Comment:
Whoops! I actually got this completely wrong. I was thinking today was Monday, but it's actually Tuesday and tomorrow is a recovery day based on historical patterns!