I feel the market is going to take some correction in all major markets and also weaking of US dollar long term will affect US equity market
Hi Dorgue,
I agree with you that the US markets look weak.
I am looking at the US market representatives: QQQQ, SPY and DIA. Only DIA appears strong enough.
For QQQQ and SPY, the moving averages have converged which is not exactly a bullish sign. The moving averages appear to have flattened out.
Only time will tell what will happen.
Here are some stocks for shorting :
