As predicted on Monday the market is going to remain down this week, so invest carefully. I read the news stop trading on Jim carmer show, but why do you want to stop trading. Wall street earn their bread and butter through trading. The sell off will continue because of the anxiety and fear in European market and financial regulation being imposed this week by government.
If the sell off continues go with the bear instead of bull. Trade ETF because the price fluctuation is less compare to common stock.
Buy any of the bear ETF listed below for short term gain. But this is a good buying opportunity for the good quality stock at low price. The market will correct itself because the economy has to grow. Don't sell off in panic in case of loss but don't average your stock at this time either.
My personal opinion is that the big company are taking advantage by creating fear among investor to sell off the position so that the price goes down sometime the reason is dubai debt fear, now Greece economy, then German banning. I don't see reason to sell off because even if the Dubai collapse or Greece collapse, US economy wont be affected. Even bailing out Dubai or Greece or any European country wont happen overnight, it takes time may be month or year to correct it. The market is over reacting in one day its down and the other day its easing out. I'ld say take advantage if the market is down go with bear and if it up go with the bull. The stocks with good fundamental will survive, so buy those good quality stock. Buy with confidence.
Good luck.
Direxion Daily China Bear 3x Shares ETF NYSE CZI 39.18 +1.03 (2.70%) 13.71M
Dirn Daily Latin Arica Bear 3x Shs ETF NYSE LHB 47.65 +2.84 (6.34%) 7.15M
Direxion Daily Real Estate Bear 3X (ETF) NYSE DRV 7.40 +0.53 (7.71%) 81.77M
Direxion Daily Tech Bear 3x Shs(ETF) NYSE TYP 8.23 +0.32 (4.05%) 58.43M
Direxion Daily Energy Bear 3X Shs(ETF) NYSE ERY 11.05 +0.28 (2.62%) 53.05M
Direxion Daily Mid Cap Bear 3X Shs(ETF) NYSE MWN 18.45 +0.84 (4.77%) 13.38M
Direxion Daily Dpd Mkts Bear 3x Shs(ETF) NYSE DPK 18.95 +1.14 (6.39%) 20.85M
Direxion Daily Small Cp Bear 3X Shs(ETF) NYSE TZA 6.43 +0.33 (5.41%) 542.69M
Direxion Daily Large Cp Bear 3X Shs(ETF) NYSE BGZ 15.02 +0.61 (4.23%) 280.87M
Direxion Daily Emr Mkts Bear 3x Shs(ETF) NYSE EDZ 51.90 +3.05 (6.24%) 181.13M
Direxion Daily Finan. Bear 3X Shs(ETF) NYSE FAZ 14.99 +1.22 (8.86%) 1.10B
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