Its no secret that I have been bearish on this market for some time. Since June its been recommended to not go long this market and go to treasuries or cash or short if you want trades. Volatility was also talked about being above normal which requires special consideration when putting on a trade.
Well this is the trading environment we find ourselves in today. To make money in a bear market, you have to get short. Alternatively you can buy puts which limits your risk. The Russell is proving to be the weakest index so that Is where I will be shorting. You will not find a buy recommendation until the market justifies it. For now enjoy what the tape is telling us.
Make Money In This Falling Market
Thursday, 10. August 2006
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