Another down day in the markets
I bet everyone is feeling the vibes of 18 months ago, when the market hit a record low.
don’t get scared too easily, it might not get there again, however we are on a down trend recently for sure ! i started to write about that down trend few days ago , and especially yesterday i wrote that the market might go down dramatically and the Dow might hit 9000 points again or close to it’ it maybe a time to short the market again, and in few weeks buy it back, VIX is high and investors finding better avenues to invest and leaving the stocks rather quickly, so again watch out for the slide !!! if there is any bright spot for a good stock, it maybe FSLR (First Solar) that was upgraded today (Thu May 20th.) it is close to its button (at 106), and should swing back up to its natural at 125.
the look ahead for tomorrow ( Friday May 21st.), i see another down day, for the first time in a long time you might see the Dow hits below 10,000 !!!