The markets are getting hit very hard and traders may want to prepare for further weakness. Let's take a look at what is working and what is not.
(TLT): As equities get hit hard, the bond play is looking good again. I talked about this on Friday. Move up your trailing stop as this ETF rallies.
ProShares UltraShort Finanials
UltraShort Real Estate
(SRS) are also carrying through with gains as well and these two plays are acting very well. We would also move up our trailing stops here, but give yourself some room from current levels (minimum 50-cent cushion).
(MEDX): This biotech play rising on positive prostate cancer news.
are rallying on analyst moves.
Well-Known Names Bucking the Downtrend
(V - Get Report)
Green Mountain Coffee Roasters
(GMCR - Get Report)
(FSLR - Get Report)
trading sharply lower.
are all getting hit hard.
leading financial gauges trading lower.
: We're examining railroad, airlines, truckers and package-delivery plays all weak. Watching
all trading 4% to 6% lower.
are all getting crushed.
are also very weak in afternoon trading.