U.S. Stocks Set to Plunge at Open

U.S. stock markets are indicated over 2% lower this morning on concerns that North Korea is flexing its muscles in the east and fears that Europe is not getting its financial house in order. While North Korea is likely just playing games again, the 3-month LIBOR has been spiking higher in the last couple weeks, and is presently trading at 13 month highs. The S&P 500 looks to be breaking through more important levels on the downside this morning, which suggests there is more downside to come.

So, is this a correction in a new bull market dating to last year, or the resumption of a secular Bear Market that began in 2000? I believe it is the latter, which does not bode well for the economy.

Scott Cole
bestdaytradingstocks.com

Stocks to Open Sharply Lower

Stocks are set to open sharply lower this morning...more confusion out of Europe initiated the selling and now a weekly jobless claims number that rose 25,000 to 471,000 claims.

Scott Cole
Best Daytrading Stocks

Shorts Still in Charge

Short sellers are still in charge of this stock market, but we may be due for a modest bounce here, before we test that freak low from two weeks ago. If you have to trade, be very careful with your long trades at this point. When the market is in a downtrend, it is best to take profits at the close in long positions.

Scott Cole
www.bestdaytradingstocks.com