The DJI (and US Stock Market in general) doesn't look too hot these days. I believe we're en route for a nasty bear market, so be prepared. We've sustained a bullish momentum for far too long, and sentiment is becoming more and more pessimistic.
There may be a good bounce at the 23600 level, but it's also very plausible that we may only be met with a temporary bullish pullback. If we happen to break below the 23300 level, I very well expect us to officially be met with a nasty bear market.
So where to move from here? Many people say Crypto, but I believe that to be nothing more than peddled delusions by retail buyers looking to recover their assets from the 2017 highs. I myself don't even trade stocks, and actually am only involved in Crypto and Forex, but a chart is a chart, and I'll trust those over anything. Stocks look weak, and Crypto looks weak, so neither are giving me confidence to trade or buy.
With that, I suggest getting yourself into Forex, as the market doesn't care what the nature of the economy is; simply take a long, or take a short. This will relieve you from the burden of emotional attachment to any particular stock or asset. Beyond Forex, I would say getting into precious metals would be a worthy contender as well.
Just remember that despite tumultuous times, there's money to be made somewhere. Employ safe trading practices, and remember that consistency is key.
There may be a good bounce at the 23600 level, but it's also very plausible that we may only be met with a temporary bullish pullback. If we happen to break below the 23300 level, I very well expect us to officially be met with a nasty bear market.
So where to move from here? Many people say Crypto, but I believe that to be nothing more than peddled delusions by retail buyers looking to recover their assets from the 2017 highs. I myself don't even trade stocks, and actually am only involved in Crypto and Forex, but a chart is a chart, and I'll trust those over anything. Stocks look weak, and Crypto looks weak, so neither are giving me confidence to trade or buy.
With that, I suggest getting yourself into Forex, as the market doesn't care what the nature of the economy is; simply take a long, or take a short. This will relieve you from the burden of emotional attachment to any particular stock or asset. Beyond Forex, I would say getting into precious metals would be a worthy contender as well.
Just remember that despite tumultuous times, there's money to be made somewhere. Employ safe trading practices, and remember that consistency is key.