PowerShares QQQ News
The trading panel discussed bonds, industrial stocks, Chipotle Mexican Grill and IBM.
Tesla Motors became the most shorted stock in the Nasdaq 100. Keep a close eye on these eyes as a result.
Be cautious trying to fade a fresh break of last Friday's intraday low.
Prepare yourself for more downside even if we do bounce next week.
It's not just for the day off.
Monday's primary area of interest on the SPY should be $182.40.
Wall Street created a solution for investors who want to hedge against or even profit during a falling market and it's called inverse/short/bear exchange-traded funds.
TheStreet's Jim Cramer says in his trading history when investors think it's obvious that the market would go down, it tends to move in the other direction. Cramer says it is still early and investors should be careful. He points out high-fliers still have margin sellers that will come in every time the shares climb. He also notes the Nasdaq (QQQ) is down 3% and when this happened in April 2000, a bounce followed. Cramer thinks a better price to sell could be upcoming.
The Nasdaq selloff has crushed many momentum stocks, but it is creating buying opportunities in companies that have quality, sustainable growth.
The chart of our four primary index ETFs shows relatively little change.
On one bullish/bearish table I compiled we actually ran 'short' of bearish names, an unusual occurrence and one that I take as a warning sign for 'frothy' action.
SPY and DIA are in balance and should be faded near their edges.
After a disastrous performance this year so far,can the digital currency survive and thrive?