InTheMoneyStocks.com highlights the General Motors and automakers problems as the markets sell off hard. They look at major levels that told us the market would be selling and highlight a fantastic FAZ long trade they gave to their premium traders in the Research Center and Chat Room. InTheMoneyStocks.com teaches and gives expert guidance on the markets focusing on the indexes, gold, oil, us$ and stocks like GS, JPM, GOOG, AAPL, AMZN and more. They show how their elite trend line analysis techniques and knowledge of price, pattern and time will give any investor or trader the tools they need to maximize profit and become the best. Enjoy and come join the Research Center and Intra Day Stock Chat for premium market guidance.
thermal1
u05ikoren
Today we look at the gap lower in the markets, breaking the ascending support that we've been talking about for days, and finally yielding a strong move lower. The volume today wasn't strong, but it also means that the bulls could have been trapped, and that it was just bears getting in without a fight. We had 25% of our portfolio short before today, and we took 20% of it off when the SPY hit 78.00. Finally we can say that we're in subwave 5, and that we believe we're going lower in the 2 weeks to come. In this video we look at XLF, GS, VIX, Dow, and Gold. We do believe there is a potential for a one day upward consolidation on low volume, but that should be a gift to the bears as more bears can pile in short. I will add more shorts on as we move towards retracements on todays move. In addition we talk about potential targets for this sell off, and where the bull market can finally begin.