As I predicated, the market is now in sell-off mode.
The target is quite clear, like SP500 and NAZ, DOW previous low is not likely to hold.
Simple strategy will be lightly loaded with long position (around 1/3) after 2 days of big sell-off and sell before FOMC. Or simply a little March OTM call spread of financial sector, if you are a option trader. It doesn't cost much but give you good return. I guess the rebound is soon, could be Thursday. All we need to do is to wait panic...
After sell-offs, the market will bounce up a bit, then zigzag for a couple of days to wait for FOMC.
For mid-term: If 12000 is not firmly established after FOMC meeting, then 2006 low is right at the corner.
I still think the global market, including US, China and others, will be better in April, if 2006 low is touch this month.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment