Ford shocked the markets with a big $1.6 Billion miss. It’s down 10% and headed lower. (and if you took our FREE pick on Ford a few weeks ago, you’re celebrating right now)
And we’re just at the beginning of this kind of thing — get ready for more big misses.
Meanwhile, in Europe, Hungary says they’re sticking with energy price caps and will only be able to provide 25% capacity… downward spiral anyone?
Ignore the perma-bulls calling for a bottom…
You need to prepare yourself for a significant and long bear market.
If you’re trading our free daily picks, you’re well positioned, because we’re short this market — and we’ll continue to be until it hits the bottom.
► To that end, today we’re going short Micron Technologies (MU). Details in the video.
For details on how to play it, subscribe to The Daily Pick right here.
The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.