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The Worst of the Sell-Off Is Not Over

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I don't have a stock pick this week. I do recommend buying and selling forex pairs though. With the wild volatility with the Japanese Yen last week, we shall see if the intervention from the global central banks last week will hold and prevent the Yen from getting stronger. I'm betting not, but that doesn't matter. What matters is the big swings possibly available in the currency market right now, and the opportunity to take some quick profits there.

With stocks selling off big last week, I'm expecting a rebound this week to test previous support levels which I now regard as resistance. I'm betting after a "dead cat bounce" rebound, stocks sell off some more, but again, we shall see. In the meantime, take advantage of the free report available here that forecasts more downside for stocks. "Chance favors the prepared mind."

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