UP or Down in US stock market?

Most traders are fixated on where US stock market is headed......

Dan Nathan is 1000% sure we are heading way lower....like 1600 in S&P 500....

Whole Fast Money gang is super bearish  and is cheering on Dan Nathan for speaking out while others are going round and round around negativity......

I find negativity on CNBC very healthy.......

This allows me to be more focus on selecting or having the-best stock going forward.....

For me .....where S&P 500 is headed is not the most important focus....it is where stocks are going to be.....

Bearishness keeps many stocks from making new all time highs....thus gives you a chance to buy now......

SO thank you Dan Nathan and his comrades for keeping stocks cheaper...while we all accumulate them.....

Oil may be under pressure @ open ...again it is a chance to be patient IF you have exposure there as OPEC has delayed meeting until Wednesday instead of Monday....not an earth shattering delay of 48 hours...BUT pundits will call this extremely bearish 48 hours????

Gold will vault on Oil meeting delay, thus an opportunity to make money.....

Corona Virus is playing havoc worldwide...may put pressure @ open....thus another chance to buy on weakness.....

More negatives for Monday means add to existing position or buy new ideas...

Markets will always do what it needs to do, so no point in worrying about that...focus on stocks.....

OH....VIX is telling a different story, it has tumbled from 85.47 to 46.80 even on Down Friday...may be it knows more than Dan Nathan......

Good luck with your own ideas and comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed