This column was originally published on RealMoney on July 11 at 1:12 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.This is the toughest market environment in several years, but traders and investors have a powerful tool in the struggle to avoid its vicious claws. They can take a giant step back and base their positions on broader weekly charts, rather than up-close daily ones. Today we'll look at six opportunities that take advantage of these longer-term trends. Weekly chart patterns exhibit lower volatility and higher profit potential than their daily cousins. The trick is to wait patiently for the best trade entries and then give your positions a lot of room to move around. This twofold strategy reduces day-to-day market anxiety and improves annual returns.
- Short QQQ ProShares (PSQ)
- Short S&P500 ProShares (SH)
- Short MidCap400 ProShares (MYY)
- Short Dow30 ProShares (DOG)
It's always been my opinion that it pays to have more -- not fewer -- expert market views and analyses when you're making investing or trading decisions. That's why I recommend you take advantage of our free trial offer to TheStreet.com's RealMoney premium Web site, where you'll get in-depth commentary and money-making strategies from over 50 Wall Street pros, including Jim Cramer. Take my advice -- try it now.