1. Meandering market
When people ask me what I do every day as a trader, the answer is often “nothing.” That’s because a lot of the time the market is meandering sideways, attempting to figure out a new direction. In those times, almost every trade is just a guess. Right now is one of those times.
2. Watch Campbell Soup (CPB)...
Sometimes certain stocks will give you an indication of future market direction. If Campbell Soup (NYSE:CPB) is a bellwether, bet on the bears taking charge.
3. ...and the financial sector
If the economy is strong, financials do well. Period. Morgan Stanley (NYSE:MS) and others aren’t doing that well.
Back next week to wonder, why hockey is still being played well after spring has started?