Looking for a sign? Pick your indicator – all Bearish for the S&P 500. Don’t be fooled by a minor uptick through the end of December.
Latest analysis and key levels to watch in this weeks video:
Engage! Be sure to leave your comments and questions. I respond to all.
Take care,
Dean
Hi Dean,
I agree with you, all bearish for the S&P , I would rather error on the short side, The other indexes keep going down , and you need the Russell
to go up if the market was going up, and it’s not. At what level do you buy inverse etf’s ? ( sh or sds ) Thanks so much for all you do, you are very much appreciated.
Dee
I don’t typically trade the inverse ETF’s. I keep it simple and go short the SPY etc. Options make this possible, even in IRA etc.
Dean
Dean,
I am sorry for the stupid questions I ask you, ( I am just trying to make a decision )
Thanks Dean
Dee
No worries, happy to have the dialog.
Dean
Hello Dean
Thanks for the insight as always. Very basic question. Based on street consensus it looks like fed may raise interest by a quarter point now and give dovish comments for next years plan. If this happens would the bank stocks go up. How might the overall market digest this
If on a rare scenario if fed doesn’t increase rate now , I hear that is taken as bearish sign and can lead to huge sell off.
Curious to know your thoughts on market and bank stocks for the above scenarios
Bk
BK,
I’ve learned not to try and figure out what “should” happen. When I did try that, it was confusing, frustrating and ultimately – not profitable.
I’m a pure technical trader now and I make my trading decisions based on what “does” happen, the price patterns that come out of new information entering the market. That has worked!
Dean
Thank you Dean. I agree that I have had too much disappointments taking decision based on rationality. Appreciate your insight !!