It’s Time to Get Our Short Sale On
The Oxen Group submits:
Hope everyone had a nice weekend. Today, we are starting off with a chart of the Dow Jones. This shows you that we have a market that, in the short term, is extremely overvalued. RSI is above 60, the average is moving towards the top of its bollinger bands, and it is overbought on stochastics. All this is showing to me that the market is toppy. That chart is how I want to start this week to show you that I think we are going to be looking at some short sales and inverse ETFs unless we have reason to believe the market will rally. Today, I do not see any major reason to believe that will happen. Also, be sure to check out my Weekend Wrap-Up and Portfolio Update, which shows how we have increased our Buy Pick Portfolio 129% in one year.
Buy Pick of the Day: Ultrashort Proshares Real Estate ETF (SRS)
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