I am looking for bearish trade candidates - Market Roundup 22nd Sep 2019
Channel: Trading Profitably
Date: 22/09/2019

I am looking for bearish trade candidates - Market Roundup 22nd Sep 2019.

For swing trading, bearish candidates may be easier to come by if you apply the 360 analysis technique.

In the previous market roundup, I suggested avoiding long trades because the market closed right at the resistance level and SPY had displayed a bearish Headwind signal. That analysis was useful as market stalled and declined a bit this week. On Friday, all the market ETFs have posted bearish (magenta) Flow candle. At the same time, weekly Backdrop is remaining bullish. That was not giving clarity on whether to look for bullish or bearish trades. Drilling down into sector-level, you have more clarity: it is bearish. Therefore, you might shortlist some bearish candidates. In this video, I explained one possible trade you could take at the close of Friday (or after the open on Monday using real-time entry technique).

Whatever be the market condition, you can almost always find low-risk, high-probability trades in where the market, industry, fundamental, and technical forces are aligned. I call such trades 360° trades.

You may visit my forum (https://www.SagarNandi.com) for regular and live 360° trade ideas.  And follow me on Tweeter (https://twitter.com/SagarNandi) to read insights about the market, sector-industry, and stocks based on real-time analysis, not looking-back analysis.