Disclaimer: For education/entertainment purpose only. Invest at your own Risk
The Dow opened the session with a nice steady move higher this morning, but topped out at highs at about 11,075 before dropping 140 points to the Close.
The index eventually closed the day with a 71 point loss and is now holding just above 10,930.
At present, the Dow is moving in a downward sloping channel. As long as it remains below 11,200 ( that is the top of the channel ), we can safely assume that it will be having a bearish trend.
If you are long in any stock, it is safer to sell it now and book profits (or losses) before the stocks turn much lower.
This is the time to short sell stocks or to buy Put options.
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