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Jeff Clark: The stock market's trend is now "solidly" DOWN
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Wednesday, June 17, 2009
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From Jeff Clark, in the S&A Short Report's Direct Line:

Whether we close higher or lower today doesn't matter. The intermediate term trend is now solidly down.

My initial downside target for the S&P over the next several days is 850. Ultimately, though, I think something closer to 800 is in the cards.

Crux note: You can see how Jeff is trading the short side of the market with a subscription to the S&A Short Report. Click here to get started.

More from Jeff Clark:

If you don't own gold, read this now

Make 400% on the biggest trap this decade

Jeff Clark: "Every smart trader I know is massively short the stock market"

Topics: Jeff Clark | Short Selling | Stocks
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