By Jeff Pierce
It’s always nice to talk about what happened in the markets, but we always have to be forward looking to how we want to play the markets during the next week. Below are my upside targets should the market rally. I’m not calling for a bounce, but we all know they can happen at anytime during deeply oversold conditions. These are the areas where I think would be good opportunities to establish new short positions if you’ve been on the sidelines.
$COMPQ (Nasdaq Composite) INDX
$INDU (Dow Jones Industrial Average) INDX
$TSX (TSX Composite Index) TSE
Jeff Pierce is a momentum trader that specializes in market timing. By developing a proprietary timing system over the years that takes emotions out of his decisions, it allows him to be on the right side of the trade. While it’s nearly impossible to eliminate trading biases completely, there are many things one can do on a daily basis that gives enough of an edge where you can have success in this industry. Jeff Pierce is the owner of ZenTrader.ca.
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