*Update Moving forward, watchlist released for free every Sunday night will only list the stocks that I am watching. Entry/exit zones (along w/ charts) will be shared occasionally with individuals who are signed up for the newsletter. If you're not on my mailing list; sign up below. It is free.
Typically when I see a sell-off like the one you see pictured; there is typically a continuation the following trading day. Meaning; Monday may be marked by more selling. The overall markets saw a decline of over 3%, with some stocks shaving off as much as 20+ percentage points. How you react to this decline has a lot to do with your time horizon. If you’re a long-term investor (think 5-10+ years) then you’re sure to take advantage of this drop and buy cheap stocks.
If you’re a trader; you’re sure to take advantage of the volatility; perhaps leaning towards the short side. If you’re unsure as to what to expect from the Markets; it’s perfectly okay to make the choice to do nothing. Waiting a good 3 days for the market to decide what direction it wants to go, is in my opinion; a perfectly viable strategy. Click here to see my take on the SPY.
Going into the Brexit vote; ShortMeTina subscribers were told, “no one ever went broke taking a profit”. 2QP picks were up on average about +12%. With one of our picks, gaining north of +3% on Friday; with the rest of the markets tanking.
You can’t ask to be in a better position when the Markets are falling apart.
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.