Forget Shorting the Stock Market
Stock-Markets / Stock Markets 2016 Jul 07, 2016 - 02:38 PM GMTThe very beginning of a new intermediate cycle is the single most dangerous time to short stocks. The average gain is 6-8% in the first 12-18 days. Yet this is the time most retail traders want to sell short as they expect the market to turn back down immediately. When it fails to do so they end up losing money.
Even in a bear market (which we are not in), a new intermediate cycle will almost always rally at least 6-8 weeks before topping. The current cycle is only on day 6 – a long cry from 6-8 weeks.
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Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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