Friday, August 31, 2012

Stocks Turning Bearish for Mid Term

Today when I did a stock analysis in the class, I was quite surprise a lot of blue chips and active stocks appear in the bearish stock scan report. I normally use this as a signal to sell or short. This list is similar to the list that I generate on 20 June 2012, when the market start to turn up. This time will it be the turning point(turn down) as well? For sector wise, Banks and Shipping is again the weakest sector.