TraderMom

The Shape of Recovery: Is It a V?

I think the worst news have all come out. The market has digested them. But it does not mean that the market is going to go up from here. I do not see any big plunges either. The market is going to chop and might form a W in a very choppy way. So I will focus on day trading and or short swing(3-5 days). I am leaning toward to the bear side, I will try to open positions of 60% short, 20% long and 20% cash.