Europe fears is back again and this time is due to Spain and Italy bond yields. Plus Alcoa quarter report will be out by end of today’s Dow trading day (early morning Singapore time). Right now at 1:30am, Dow Jones is currently -183. If this continues, we should be expecting a gap down tomorrow (Wednesday) morning as Singapore closed bullish today expecting DJI to perform well.
Right now, there are a lot of elements that will whipsaw market higher and lower: quarter reports vs Europe imploding. Therefore do watch your trailing stop at all times. I recommend fast in fast out, see danger run first strategy. Right now, watching to see if my predictions do turn out well (as shared in YouTube). Either way, I still have my half shorts to ride it lower. If go higher, I will add in batches of short position. Remember, market now is not only testing your buy/sell strategy but it is also testing where you place your position. Market is no longer that simple and one would have to adapt to the changing condition. Don’t be stubborn. Market always win.
Remember to watch your ass (S), Stop Loss level.