12/1/2018 Markets surge over 5% this week! Bears should consider shorting this “rip.”

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I was quite surprised by how much the market jumped this week. Here are the weekly charts of the indexes.

Bears waiting for a jump in prices to sell into can now do so. I think the risk reward is now skewed towards the downside, so it makes sense to short sell or sell here from a short term perspective. 

If we do start to approach the previous lows, I expect rapid high-volume selling that drags the indexes down to February lows. 

Good luck! 

Published by bigfry

Hi, I’m Nathan. I’m currently a Junior at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game. This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on the major indexes and other stocks.

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