Online Stock Trading | Get Paid for Not Having an Opinion

Get Paid for Not Having an Opinion


Filed Under Market Commentary |

Friday’s market showed those who are short that they are simply fighting against something that is much stronger than they think.  Shorts got hammered Friday as stocks zoomed higher in on heavier volume.  It is paying not to be short as many are doing.  Price and volume action has pointed to higher prices, it is silly to ignore this.  Play the trend, the path of least resistance is higher go with it.  How many swimmers tell you can swim up stream?  Get paid for not having an opinion, play the trend and right now its higher.

Chinese stocks seem to be setting up for some massive runs.  Be weary of downgrades by the sell side.  For example on Thursday CIBC world markets downgraded SSRX and the stock got cut down.  Most sell side downgrades, conspiracy theorist thinking do this to shake out weak holders for the sell side to then build up a position in the stock at a lower prices.  The sell side is simply trying to gobble up shares to restrict demand and synthetically cut the supply of shares available for purchase.  However, we simply can not know whether or not this is true.  On the other hand, the stock rebounded nicely and volume was higher than Thursday’s hiccup. 

Stocks I am watching:  JRJC SSRX ADAM YTEC CPSL CHNR GEOY

Watch for these Flag patterns:  JRJC CHNR CPSL (one of the most powerful bullish patterns)

Enjoy your week!

Market Speculator

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