Tuesday, August 24, 2010

Turning More Bearish

I mentioned earlier this week that my first point of concern on the S&P 500 was 1060:  today we took that out with impunity.  In doing more analysis on the S&P and other areas of the market, which I will discuss more this weekend, I am leaning more toward the bearish camp than I originally thought taking out 1060 would have me be.  At this point, suffice it to say that you need to have a defensive plan and make sure you run those plays.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

THIS SITE DOES NOT OFFER INVESTMENT ADVICE. ALL OPINIONS IN THIS BLOG ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY. NONE OF THE INFORMATION CONTAINED CONSTITUTES INVESTMENT ADVICE OR A RECOMMENDATION THAT ANY PARTICULAR SECURITY, PORTFOLIO OF SECURITIES, TRANSACTION, OR INVESTMENT STRATEGY IS SUITABLE FOR ANY SPECIFIC PERSON. WE ARE NOT LIABLE FOR ANY POTENTIAL DAMAGES THAT MAY BE INCURRED FROM THIS INFORMATION. PLEASE EXCERCISE DISCRETION AND DUE DILIGENCE IN MAKING YOUR INVESTMENT DECISIONS.