Wednesday, September 17, 2008

US Markets imploding

Day trading is the best way to trade these markets. Into cash overnight every night and ready for action every morning. Smaller positions with wider stops intra-day, to take into account the greater volatility. The SMA's cross get on board and ride the move.
With over 20+ years of trading these markets(equity and currency), this is the greatest
combination of negative factors resulting in the collapse of the US financial markets.

I am anticipating a one day, 2000+ pt loss on DOW in a final capitulation of the US capital markets combined with a $100+ dollar spike in GOLD.

ETFs are a great way to take advantage of trading an entire sector without specific stock risk.
XLF, XRT, GLD, SPY, QQQQ, and IWM are some of my favorites.

Happy Trading in these historic times and be careful out there

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