In Best Stock Charts this week we discuss our contrarian swing trading strategy which will allow you to profit to the long side in a bear market. Now, are we in a bear market right now? No, but my prediction is that we will soon be in a new bear market. Why? Take a look at the banks. In particular take a look at Deutsche Bank symbol $DB. The share price of Deutsche Bank stock broke down below the $10.00 per share mark and closed at the lows of the week. Finally Jeff Gundlach has joined me in stating that the financial news media is avoiding the fact that Deutsche Bank is now in the single digits. Avoid the FANG stocks right now. Use the stock charts on a weekly and monthly basis to identify historic support levels to enter new trades at the best risk to reward perspective to swing trade stocks to the long side.
Symbols Are Reviewed In The Sequence Below:
DB , CENT, RMBS, LOB, BECN, PH, BUD, OSK, MAS
Video length: 00:17:33
