Here’s Your Sign

Looking for a sign? Pick your indicator – all Bearish for the S&P 500. Don’t be fooled by a minor uptick through the end of December.
Latest analysis and key levels to watch in this weeks video:

Engage! Be sure to leave your comments and questions. I respond to all.

Take care,

Dean

7 Comments

  • Dee

    Reply Reply December 17, 2018

    Hi Dean,

    I agree with you, all bearish for the S&P , I would rather error on the short side, The other indexes keep going down , and you need the Russell
    to go up if the market was going up, and it’s not. At what level do you buy inverse etf’s ? ( sh or sds ) Thanks so much for all you do, you are very much appreciated.

    Dee

    • Dean Jenkins

      Reply Reply December 17, 2018

      I don’t typically trade the inverse ETF’s. I keep it simple and go short the SPY etc. Options make this possible, even in IRA etc.
      Dean

  • dee

    Reply Reply December 17, 2018

    Dean,

    I am sorry for the stupid questions I ask you, ( I am just trying to make a decision )
    Thanks Dean

    Dee

    • Dean Jenkins

      Reply Reply December 17, 2018

      No worries, happy to have the dialog.

      Dean

  • Bk

    Reply Reply December 17, 2018

    Hello Dean

    Thanks for the insight as always. Very basic question. Based on street consensus it looks like fed may raise interest by a quarter point now and give dovish comments for next years plan. If this happens would the bank stocks go up. How might the overall market digest this

    If on a rare scenario if fed doesn’t increase rate now , I hear that is taken as bearish sign and can lead to huge sell off.

    Curious to know your thoughts on market and bank stocks for the above scenarios

    Bk

    • Dean Jenkins

      Reply Reply December 18, 2018

      BK,
      I’ve learned not to try and figure out what “should” happen. When I did try that, it was confusing, frustrating and ultimately – not profitable.

      I’m a pure technical trader now and I make my trading decisions based on what “does” happen, the price patterns that come out of new information entering the market. That has worked!

      Dean

  • Bk

    Reply Reply December 18, 2018

    Thank you Dean. I agree that I have had too much disappointments taking decision based on rationality. Appreciate your insight !!

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