Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET STRATEGY – AUGUST 2, 2015

WALL STREET CRAPS STOCK MARKET STRATEGY – AUGUST 2, 2015

August 2nd, 2015

craps front coverSTOCK MARKET STRATEGY FOR AUGUST 2, 2015: The stock market may have reached an important intermediate closing low on Monday July 28th. Since that date, it has advanced to an area of resistance that we find ourselves at this time. With the internal indicators in neutral position, the general market has the probability of going in either direction. But the likelihood is that the lows have already been seen and that dips should be bought now for a ride back up to the old closing highs.

Key underlying short-term market indicators show the following:

***********

ADVICE TO TRADERS AND INVESTORS: Be looking to buy on weakness in the coming 5 to 7 trading sessions. The safest buy bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ) as there is no telling which sectors will perform best. You can also take small positions in the leveraged ETFs (DDM, QLD, SSO) for a quick ride up to challenge the old highs once again.

Be Sociable, Share!
Comments are closed.