kianator

Markets Will Hit More Lows Before They Bottom

The author need to look at the monthly/weekly charts of the S&P and Nasdaq and realize most institutional players do not stay negative (and NET SHORT) too long and do not take on too many new short positions when these charts have been basing at oversold levels in Oct/Nov. You just have to take profits and wait for the market to run up stocks back to longer-term trend lines (200 EMA Daily) before becoming more aggressive short wise.

The news is going to be attrocious throughout December just like today's jobs report, but the charts are still way too oversold to commit large sums of capital on the short side. Least path of resistance is up until trendline resitance is reached.