Monday looks to be a big trading day as futures indicate we will be gapping down (as of 10pm) 23 handles / 1.9%. This gap down could trigger a strong reversal to the upside to start a bear market rally that could last a few days. This is ideally what I would like to see happen come Monday but I have no crystal ball telling what could potentially happen. Looking at current market trends we can see that trends are starting to shift to the downside for most areas of the market and currently remain very oversold which is why I expect a bounce to occur in the near term. Overall trends should remain down and I would be looking to sell on reversions to the mean. Fixed Income has seen a significant big in the last week or so, indicating that risk is clearly off. Technology, Retail, Oil and Gas remain the strongest of sectors in the market. I think it is these sectors you want to be long if the market does turn up. $BIDU $SINA $NOC $GMCR $WYNN $AAPL are some of the stock I would look to play on the long side.

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philipp_und_valentin

Kommentare (1):

1. The Week Ahead $SPY | TravelSquare said:
   08/08/2011 um 16:10

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