Monday, March 24, 2008

Simon: Market Outlook - Bearish


*note* - in the jpm chart, i mistakenly wrote that the oscillators are oversold. i wanted to type that they are overbought.

*another mistake* - thought that JPM was posted by RC...in fact it was Brian...either way, still a good put opportunity.



My analysis of the markets are about 70% technical, 25 % contrarian fundamental (using news to gauge the committment of the bulls and bears) and 5% instinctual gut (this 5 % assures that i will never be 100% confident on any of my predictions.

My positions are now officially 95% opposite of fellow analyst, Rino. These charts above show why i feel the way i do. I like financial and agricultural puts the most.

Best shorts:

MON, DE, C, CFC, LEH, SPY

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