Wednesday, November 28, 2018

Stocks may bounce up for next 1 or 2 weeks

Dennis Gartman in his recent newsletter thinks we are still in a bear market and should trade accordingly. 

"The market is egregiously, preposterously, violently and almost unprecedentedly over-extended to the downside but… … sadly we fear that stocks generally have even further to go to the downside before they can turn for the better. We remain steadfastly bearish and once again we shall suggest strongly that strength is to be sold into; weakness is not yet to be bought."