Similar to the hx recessions of the past, tightening ranges have been a red flag for an upcoming catastrophic index price drop. By my calculations, we have 2 - 3 months before a crash and burn scenario. I will remain bullish until the index drops below 15,500. At which point, I will be shorting each and every sector on the index. This will be the one of the greatest opportunities for shorters from the past 60 years. I will not miss this opportunity. My first stock pick in the next couple months will be to short Air Canada, as raising Oil prices will surely effect profit margins on the sector. I do believe we are on the cusp of a major recession and there is nothing that will stop it. I am keeping a close eye on the Turkish lira as a default from banks in turkey will be systemic.
@isnarain Notice u mentioned AC in your post. Good time to short AC now? it has been falling for past couple days (don't know if it's oil ) Thanks for sharing your thoughts.
ag2700
⋅
What sector will you be shorting heavily based on your studies?
mastadex
⋅
Other than shorting, are there any stocks that could weather an economic dip? Canadian banks perhaps?
isnarain
⋅
@mastadex, One o f the few stocks i'm not shorting at the moment is north bud farms. NBUD The stock is in a position to start a climb north for its upcoming LP license, plus its valued at 22 million. Far less than the 65 million $ for cash value of an LP license. There is plenty this cominpany can do to raise its share price. NBUD.C