468 Reasons Not to Be in the Stock Market Right Now

September was off to a bang with the Dow down 468 points. Not that I am saying ” I told you so”… No one wants to hear this…But trading without a complete trading plan is sheer gambling!

Today I had some nice thank yous from students who have avoided this volatility as well as a surge of new interest…The fact is that this market can turn around on a dime and rebound. Anything can and will happen in the stock market. However from the long side or even the short side…this is not the place to be…Sidelines with cash is where I am parked. Waiting to go long once my model gives me the signal. The greatest profits are after corrections…

Have Your Watch List Ready For a Stock Market Rally $MBLY

Just because we fell several hundred points today, there is no need to bring out the scotch. If you have a plan you should have been in cash as myself and my students have been. Now is the time to prepare. Most profits are made after severe sell offs.

I am readying my watch list. I am not going out to buy. I am following EXACT rules. I look for leading stocks with extreme profits both annually and current quarters with something VERY new about them.

One stock that fits my criteria and is on my watchlist is MBLY…However make your own trading decisions. Trading stocks is very difficult and very easy to lose money.