July 17, 2013 at 8:51 am
Jon Markman said in his latest update, “Several times in the past decade, the broad market has peaked for the summer in the third week of July, right around the July 17-July 22 timeframe, which is now. It is quite possible that the recent advance was what some might call a ‘bear trap,’ but it is too soon to make that judgment.”
“I don’t want us to get sucked into either side of the debate without watching the evidence closely. I have a number of potential short and put setups for you if it turns out that the market is likely to flip over, primarily in the materials area.”
Are there any groups you’re playing to the downside more than others in this summer trading?
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