Downside risk exceeds upside potential in equity markets during the next five weeks. The recent breakout by the S&P 500 Index implies that depth of the downside risk is less than previous. Selected seasonal trades continue on the upside (gold, energy, software) and downside (transportation). However, many of these seasonal trades reach the end of their period of seasonal strength this month. September is a month of transition. Trade accordingly.
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Posted by Don Vialoux - Timing the Market
on Monday, 17 September 2012 07:14