Traditionally strong stocks like Cisco and Taser have been headed south. You think this is a time to start with the shorts?
We should get a bounce somewhere between SPX 1080 and 1060. My vote is for the 1060 area as ^VXO hasn't flashed the 21 vicinity intraday yet. We have hit 1080 intraday already today.
Looks like a chill has moved through the market. I get the shivers just looking at it.
Nope. Now is the time to go long. It's always darkest before the dawn.
Capitulation...Say it! Capitulation! I'm hearning that word alot. May be we won't get to change directions until we have it. ^VXO hasn't yet got to 21 yet, but it may need to go higher than that to get the fear we need to turn the Markets around. ^SPX just might get down to the 1020 area.
My prediction is the market may go up. Or down. I'm not 100% sure.
My prediction is that the market may go up or down. I am 100% sure. How important that period is.
Yeah, but that knowledge won't make you any money. On the next run up to the trend line of declining tops you need to be in the best growth stocks you can find or leveraged index funds. Mediocre stocks will tread water or decline. There's a good chance that the declining tops will be broken to the upside this time and extend through the end of the year.
All I have now are growth stocks.
Just out of curiousity what does everyone define growth stocks as?
Growth stock is stock of a company which is growing sales and earnings faster than similar companies or the overall market and put most or all their earnings and cash back into the company to fuel the growth. These companies have little or negative earnings and rarely pay a dividend.
Ya I know. I'm asking what kind of gains you look for in quarter to quarter earnings growth. Profit Margin. Specific stuff like that.
+30% Annual Revenue Growth. +50% EPS. 5 year or better record.
Markets are now in topping mode. ^VXO has been under 14 most of the week. The Dow is the first to make a weekly close lower. Now we need confirmation from the others (^IXIC, ^SPX, ^OEX, ^NDX, ^SML). It might be a tug of war at first, but it will get rolling soon. I hope it takes ^VXO to the 30's as that would give us the fear needed to make a run to new higher ground before the end of the year. Time to lock in some profits.
I posted this another place but will post here too. Went short this week with URPSX and USPSX. ^DJI made its second weekly lower close and ^IXIC, ^SPX and ^NDX all made their first weekly lower close.
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