After yesterday, most stocks & ETFs are on short sell restriction. I wouldn't predict a big downward move today. These are unpredictable times though, so who knows.
Do you realize some of the up moves you see (in the US markets) are because of short covering? It causes balance and imbalances, which creates opportunities for traders. It isn't as simple as "ban short selling, market up!" Just because you ban short selling isn't going to magically make larger players start to purchase again and the markets aren't dropping this much because of a pure short attack, it's because larger players began selling awhile back and than everyone wanted out and there wasn't enough exits left. Lastly it isn't about prediction, why don't we just all book a vegas trip? It should be about probability and trading what you know. Predictions are for dreamers, probabilities are for traders.
So much energies wasted trying to predict how the stockmarket will move? In all that time, you could have placed a good trade and start making monies. Instead, valuable time spent trolling the ET message boards?
my prediction was wrong. Luckily I trade based on what I see on the chart & not prediction. anyway today market is rather straight forward to trade. when market opened, there was nice downtrend followed by nice uptrend.
Stocks & ETF's go into short sale restriction until the end of the following day after they drop 10% or more from the previous close. Short selling is still allowed, but it has to be done on an uptick.
You misinterpret my post. I'm not against short selling, and I would never be a proponent of banning it. I don't even like the short sale restriction rule. I just don't expect to see as much downward pressure today since most stocks & ETFs are on SSR.
Should've asked for intra day predictions instead. That's one hell of a "dead cat" bounce. Left like 5k on the table