{"id":570,"date":"2009-05-08T16:36:45","date_gmt":"2009-05-08T21:36:45","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=570"},"modified":"2009-05-08T16:36:45","modified_gmt":"2009-05-08T21:36:45","slug":"what-will-make-this-market-trade-lower","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-will-make-this-market-trade-lower","title":{"rendered":"What Will Make this Market Trade Lower?"},"content":{"rendered":"<p>That was some serious strength into the Close in the Financials. WFC, MS, and GS all finished at their highs. WFC was strong like a bull. The buying was relentless. And we saw something old school (not the movie) with bids not dropping, and then stepping higher, like back in the late 90&#8217;s. WFC was bought like YHOO in the late 90&#8217;s. Talk about strength. Wow!<\/p>\n<p>We have completed a very long yet profitable week. \u00a0This was a solid week for SMB and our traders. How did we do it? We never fought the <a href=\"http:\/\/www.smbtraining.com\">trend<\/a>. \u00a0<\/p>\n<p>I keep hearing from the prognosticators that we are due for a sell off. My independent research (ok this consists of just my observations) has concluded that a majority of the CNBC guests have been predicting an imminent down move for weeks. Save of course our own JToma, who has continued to instruct market players to keep a long bias for the market leaders with short term trades. Where does he trade?<\/p>\n<p>Will the banks have to raise more capital? Will it be harder for businesses to borrow? \u00a0Will unemployment rise? What about inflation? These are all questions being asked and give us pause that we can trade much higher. But I am not Nostradamus. And so far there have been no indications on the tape that we are headed lower. This could change on Monday, but right now, at this time, there is nothing to suggest our next move is down. And until we see this we trade with a long bias.<\/p>\n<p>I thought we would open it up to those who read our blog and ask: What gets you short this market? \u00a0We will share our answer on Sunday. \u00a0Please share your thoughts on what you are looking for from this market to get short.<\/p>\n<p>Anyway, this is what I am starting to think about. And over the weekend I suggest that you make a list of your own. Like at the bottom when we suggested you make a list of things that will cause the market to bounce. What is on your list of what makes this market pullback, or sell off, or reverse?<\/p>\n<p>Enjoy your weekend.\u00a0 Don&#8217;t forget to <a href=\"http:\/\/twitter.com\/smbcapital\">follow us on twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That was some serious strength into the Close in the Financials. WFC, MS, and GS all finished at their highs. WFC was strong like a bull. The buying was relentless. And we saw something old school (not the movie) with bids not dropping, and then stepping higher, like back in the late 90&#8217;s. WFC was bought like YHOO in the &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/what-will-make-this-market-trade-lower\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4676,278,30,18],"class_list":["post-570","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-market-reversal","tag-prop-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Will Make this Market Trade Lower? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/what-will-make-this-market-trade-lower\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Will Make this Market Trade Lower? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"That was some serious strength into the Close in the Financials. WFC, MS, and GS all finished at their highs. WFC was strong like a bull. The buying was relentless. And we saw something old school (not the movie) with bids not dropping, and then stepping higher, like back in the late 90&#8217;s. WFC was bought like YHOO in the ... 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