market weakness

hajimow said:
I hope you can see the strong fading today's market rally. Tech is weak. Today is one of the best days to sell and stay in the sideline and that is what is happening now. Stocks are pulling off from their day high. Dow is still up 100 points.
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The above post was on Jan 7th. The fact that the regular investors are all in invested in the market because of the greed will make the market crash/correction very interesting. Less than a couple of percent will be able to get out with profit. If you believe in the valuation, you should get out. If you believe in "trend is your friend" you should get out now. I believe next week will be uglier. Check out IWM, It is fully bloated. TZA is a great buy at 17.50. It popped $1.5 in two days. It can easily go to over $50, Last year it was $74. My picks to short are MCD , ADI. There are many stocks to short. At least you should stay on the sidelines.
 
If you are wondering why MCD is flat in this market the answer is that investors are considering MCD a low volatile stock and are moving from volatile stock to less volatile stock but they are wrong. In a week it should drop to 93 and lower. By the way, are you ready for a $50 drop in Apple stock on Monday?
 
TZA is up 8% in a day that market is melting. The take off has just started. You can either short ADI and MCD stocks or buy put as a safer way of shorting. I usually do a combination of stocks and options.
 
hajimow said:
Do you know what is TZA? That is not odd. it is 3X bearish small crap ETF.
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Thanks for clearing that up.

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With 40 minutes to go this is is the worst day in over a year and worst back to back selling in probably 2 years

the weird thing there was no specific data that triggered it

seems like 'weakness in china' has become a catch-all explanation for any selloff
 
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