Tuesday, November 1, 2016

No insights!

Better to admit that than claim you know something you don't. 

Stocks can turn around at any time, or not.

They've been down for quite a while of late.  I don't have the guts to either jump on or catch the falling knife. 

There's no real support anywhere that I can find.  So honestly, this could free fall. 

So I guess the plan is to sit and wait.  I'll see if it gets up above the most recent support, or closes below. 

5 comments:

  1. I have shorted a number of stocks recently. Am watching carefully for any sign of a turn around, but don't see it yet.....

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  2. Look for next support in the S&P at 200 day SMA.
    I was looking for a negative open this morning...Didn't quite get it, but it did go negative in just 13 minutes.
    On an aside, Jim Rickards said in a new interview with Greg Hunter, That a Hillary win is already priced in and a Trump win would send the market down at least 10%. My question would be: How much negative news ahead of election would it take to flush out most of what's already priced in? Hard to quantify I'm sure...

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    Replies
    1. BTW, any statement by me is not a claim of knowledge. It is just an opinion.

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    2. I am also expecting the market to go down after the election, but I was expecting it not to go down much before then.

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