I came into today with my portfolio 100% in cash. But early on this morning, when the market showed signs of weakening, I went ahead and added a short position to the portfolio.
I don't have any desire to add more short exposure until I can see what this market intends to do overnight. I may not even hold my existing short position that I have overnight. It really has everything to do with how the market responds into the close.
So the trade setups below won't be added quite yet. I first want to see if we can build upon the sell-off today and into tomorrow first.
So stay tuned...
Here's the bearish trade setups:
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI