Why It's Now Time to Be Bearish

By Scott Redler  MAR 10, 2011 12:00 PM

The top nine reasons for downside bias in today's stock market.


The Wedge has now resolved to the downside! It made a ton of sense as I made my list of the top reasons why we were leaning to the downside.

Some reasons for my downside bias:

Below is a close-up of the wedge in SPX and macro snapshot on the next areas to watch. I hope you’ve trimmed down positions and came in net short. It wasn’t the exact set up that we would have liked. But those prepared are not in harm’s way today and we can “embrace” this volatility for opportunity.

No positions in stocks mentioned.

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