Volatile action continues
- A classic volatile bear market action. In the morning market rallied till lunch hour, making those who shorted aggressively think twice and then it went downhill post lunch.
- You can see the volatility in Market Monitor numbers.
- In normal market circumstances the market will rarely have 300 plus day, while in past few months this is regular occurrence.
- While the volatility continues cash is best option for long term traders.
2 comments:
Better alternatives to Cash for long term trades:
GLD
SLV
DBA
DBC
CHDX - PEAD candidate? Earnings surprise 42 cents vs. 26 cents. Gap up Friday off a high base on 3.6x normal volume. Has a good history of positive earnings surprises. Closed at $37.74. Target $45 in one to three months.
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