After my BTFD trade that I recommended on June 24th 2013, I’m here to warn you, not to go Bullish on this market just yet. The BTFD hysteria has exhausted itself, and ES (S&P E-Mini) is trading at a key resistance level. Anything can happen. Given the slew of bad economic data and The FED Disappointing, the current sentiment in the markets is more like, SELL The Rips (Rallies). There is a BEARISH bias to this market, which will remain until the ES breaks 1700.
Wall Street Fool
Latest posts by Wall Street Fool (see all)
- Retirement Planning For The 21st Century - January 8, 2014
- The Green Bay Packers, Aaron Rodgers, and The Never-Ending Collarbone Saga - December 11, 2013
- Financial Stocks Will Under-Perform In 2014 - December 10, 2013