Share this on:
 E-mail
81
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view ronjaenisch's profile
    Posted February 28, 2013 by
    ronjaenisch

    More from ronjaenisch

    Stock market at important point

     

    For months the market has been going up in spite of the events in Washington DC. Today the market indices have come to an area of decision. Will we go up for the next month or go down? The chart above is the 6 minute SPY chart.

     

    If the market is to turn down from here what stocks will go up. Most likely levergaged stocks like DXD and SPXU will do well. But the wildest of them all is VXX. Markets tend to go down in panic mode and VXX rises in value as panic increases.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story