Bear Squeeze Remains in the Offing as Stocks Rebound

Nothing meaningful changed in the headlines to justify this bounce, but after a certain amount of selling, we always run out of sellers. This time, it took eight days to exhaust the supply of near-term sellers.

If the index retreats on Tuesday, I will pull the plug for a small loss and try again next time. If the rebound keeps going, I will add more and lift my initial stops to near my entry points, greatly reducing my risk. If the index retreats today, I get out near breakeven. If the rebound continues, I will let those profits keep rolling in. These low-risk/high-reward trades are what I dream of.

Maybe this week’s bounce is nothing more than a false bottom on our way lower, but as a nimble swing trader, I’m okay with that. I plan on collecting profits long before the next down wave hits.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oppenheimer slashes forecast for S&P 500, but still sees stocks rising from hereOppenheimer's John Stoltzfus previously had the highest target in the CNBC Market Strategist Survey.
Source: CNBC - 🏆 12. / 72 Read more »

Stock Market Today: Dow Rises Nearly 300 Points; Oil Prices Fall -- Live UpdatesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow Rises 500 Points, Nasdaq Climbs 150 -- Live UpdatesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »

The Bears May Get What They Want: A Market CrashStocks Analysis by Avi Gilburt covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Avi Gilburt's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »