Here comes the next round of sell off in the Dow and S&P. Its going to be an ugly two days. Get ready and sorry to say I would sell right now and buy Friday. I would definately put in a stop order around 48.87. If it gets below that, its going much further.
Saw this bounce hard off of the 200 day MA and thats a very bad sign.
You might be ok though, bc the DOW is very oversold right now and might get a bounce back to get out a good price. Look for holding 50 plus today. Who knows what tomorrow will bring.
Your right about impatient. I pride myself on quick trades. However, end of the month crap, well thats just that crap. Take a look at the past. Just stating what I see. Sure it could change this time around, but just don't see it sorry.
Still waiting for my revised GDP drop in the market. To buy everything up, including X, CLF and Tech.
Huge buying opportunity I think after next week.
be careful mbunce1 I saw the same as well, however this market is not going to hold up this time.
The market will take this down, this is a great play, but the market is going to have none of it. S&P breaking down, Dow breaking down and end of the month for August is always bad for stocks going right into the Labor Day weekend.
Be careful, its showing its colors. It could not break the 200 day MA.
If it does break today, sentiment has changed, but I just don't see that happening with the bounce it had.