James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
Here's what I believe is the most likely outcome of U.S.-China negotiations.
The headlines that move the market are constant but can't be trusted, which makes trading a risky proposition at present.
Traders are reduced to betting on whether the next headline will be positive or negative.
More often than not the market ends up doing what few expect or anticipate.
Investors need to do what works for them in markets where trading action is extremely random.
We are seeing a relief bounce Wednesday morning but technical conditions suggest it can't be trusted.
Market players feel a trade deal with China is increasingly unlikely, and they appeared largely unmoved by Fed comments on Tuesday about buying Treasury bonds.
It is this dependency on news flow that is making the market so challenging to trade lately.
So far the selling is unrelenting and there is no choice but to stay out of the way and wait to see if some support may hit.
Sign up to get started or log in to see your watchlist.
Enter a symbol above to add it to your watchlist.
A confirmation email has been sent to the address provided during registration. Please click on the appropriate link to confirm your email address.