2 Stocks To Trade, And What's Next For The Market
By The Oxen Group: Market Recap: The market stayed positive for the majority of the day before falling apart yet again as the dollar index continues to rise and cause weakness for equities. Europe was a bit better as the eurozone GDP did not signal a recession as well as a solid number for Germany. Additionally, the market was celebrating some better than expected data from the Empire Manufacturing Index as well as NAHB Housing Market Index. Empire Manufacturing was well above expectations as well as NAHB Housing. Yet, retail sales were slightly weaker than expected. The market, though, could not hold gains that it had for most of the day as we head into a Fed day. With the positive data, we were expecting some better moves for the market, which continues to suggest a very negative market environment. We continue to add bearish positions to the portfolio.
Two trades weComplete Story »