The stock market was down today for the fourth day in a row or 5 out of the last 6 trading days. Stocks traded with low volume and volatility which caused some stocks to be less liquid than usual. Although investors are likely to get discouraged, we shouldn’t have any problem finding opportunities long or short. We are testing the trend lines to understand how to invest stocks with many of them and breaking below them on some stocks. We are at the point where if another decisive day down tomorrow will trigger off sell signals from a technical aspect by breaking below the trend line support. For the stocks that I bought as early as last Thursday on some oil stocks and others on Friday, this is one time I am willing to ride things out with the forecast that we should start heading back up.

If the market continues has another day or two down, this would be a technical and psychological trigger to change directions trends. And it looks like we are going to have a down opening—Japan is down over 5% tonight
Oil prices went down to $37.55 today from the $50.45 we saw a week ago. This is an extremely high odds sector to buy long at this point. Oil prices should shoot up like a slingshot out of this bottom. The odds of oil stocks and spot prices staying down at this level for long is very low. Note two new oil stocks below.
We should be getting more volatility these next few days and intraday trades should be revisited if you are comfortable with that technique. It is an excellent technique during volatile times as well keeping you sharp on reading charts and executing using signals.