

You can see that despite the fact that yesterday ended up slightly and we were up earlier today, the DJI charts are still looking negative. We have yet to experience the complete breakout of the red line over the blue one - however, the current pricing still remains buried in the Kumo cloud. To profit from what I'd anticipate will be a market downturn, I've bought some DXD - an ultra short on the Dow. You can see that chart is looking bullish - however, a weak bull as the blue crossing over the red is occurring under the cloud. With about 15 minutes to go in the market trading day, the Dow has just turned negative for the first time all day. Hopefully this is the start of an extended downturn.

0 comments:
Post a Comment