The Fortune Teller Speaks:
US stock markets will likely continue to decline today as investor fear continues to dominate trading.
All Eyes on Wall Street:
All eyes on Wall Street will definitely be staring at the bloodbath from yesterday’s dismal (yet expected) trading. The bloodbath will likely continue today, as the bulls appear to be thoroughly mauled by the bears.
Hindsight is a Beach and We’re Playing on It:
I am glad that we were out of the stock market yesterday, for a variety of reasons, most of which being it was bound to happen sometime and I am glad that we were not around to potentially predict it wrong. All three indexes lost some serious ground, with the S&P 500 (SPY) losing .89%, the Dow Jones Industrial Average (DIA) losing 1.07%, and the NASDAQ 100 (QQQ) losing .57%.
Today should be better for us, especially considering the fact that up until yesterday we were riding along in some sideways la la land. Gotta love the bearish gear up. Let’s finish today off strong with a good prediction.
Exchange Traded Fun:
We are going short today, and here are the ETFs per index which can help us make some money (in theory):
Short S&P 500 1X ETF (SH)
Short S&P 500 2X ETF (SDS)
Short S&P 500 3X ETF (SPXU)
Short Dow Jones Industrial Average 1X ETF (DOG)
Short Dow Jones Industrial Average 2X ETF (DXD)
Short Dow Jones Industrial Average 3X ETF (SDOW)
Short NASDAQ 100 1X ETF (PSQ)
Short NASDAQ 100 2X ETF (QID)
Short NASDAQ 100 3X ETF (SQQQ)
The Long and Short of It:
I am glad we were out of yesterday’s bloodbath and I am glad to be back in it today. Let’s finish off the week right.
This stock market forecast is for educational and informational purposes only. It is not intended to be investment advice nor an investment recommendation. Past performance is no guarantee of or indication of future performance and your performance may vary widely from any that may be indicated in this column. There is risk of loss in all investing and trading activities and you should consult your financial adviser before making any investment decisions.
Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector's Disclaimer, Terms of Use, and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.