SHORT ME TINA
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SHORT ME TINA
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Watchlist 8/29/'16-9/2/'16
*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.
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.
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Sensing some weakness in the index. The $SPY is right on the verge of breaking its 6 month uptrend. If it does; I will be bearish (short term).
$SPY levels to pay attention to are $218.54-$218.75. If the markets close below $218.54 on Monday; it will be one reinforcement in my short term bearish thesis. Our portfolio is mainly long right now because although I think we are in for a short term pullback, the stock market remains in a multi-year uptrend.
At the end of the week (8/26/'16) we have to end the week closer to $217 on the SPY to reinforce my short term bearish outlook.
Continue to watch the market.
I wrote the above last week to my subscribers regarding the $SPY. The $SPY closed at $217.29 on Friday; essentially on target to reinforce my short term bearish outlook. For now; my main focus is paying attention to the overall markets. If you're curious as to why the overall market is of concern to me; check out this blog.
Also watching $SPY $QQQ $IWM $DIA
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Email me at tina@shortmetina.com with any questions.
Email me at tina@shortmetina.com with any questions.
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.
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