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...
S&P Looking to retest highs. This will be the third attempted breakout above 3000. If it fails, I feel there's enough negative news to push stocks much lower.
May Jobs Report continues to disappoint (+75,000 jobs)
Continued trade wars intensify
Market hopeful of Fed Rate cut in July
Bond market pricing in 3 rate cuts in 2019
Clear sell-off in process. Looking for previous support levels to be reached.
In the next two weeks I see a pullback for SPXS right after SPX finds a brief bottom and consolidates for a short bit my target buy for SPXS is the 21’s and my Target sell is $25.
$29 SPXS coincides with ~2550 SPX. This is possible by Mid-July. (4 1/2 weeks).
My continual belief,
that the stock market is hanging on a proverbial limb,
as price continues to rise day after day, to new records,
all the while bearish divergences continue to grow has been well documented.
I have made the point continually advising on tradingview.com
that the only way to catch a substantial market decline
is to be accumulating short...
SPXS declining wedge pattern coming to ahead in the next few trading days. Watch for a daily close breakout and load up on your SPXS longs. RSI screaming oversold. VIX starting to show uptrend meaning impending volatility. Hold on to your pants.
Subtleties in market interpretation are the essence
of long term successful analysis in the stock market.
When most (the crowd) are seeing the same thing,
often there is something else going on at the same time
if you just look a little deeper.
In this illustration, I am using SPXS, Direxion's Triple Short S+P 500 ETF.
The chart shows the massive rollover top, 8...