{"id":35596,"date":"2015-09-24T11:56:27","date_gmt":"2015-09-24T15:56:27","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=35596"},"modified":"2015-09-24T11:57:00","modified_gmt":"2015-09-24T15:57:00","slug":"3-stocks-that-are-headed-south","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2015\/09\/3-stocks-that-are-headed-south\/","title":{"rendered":"3 Stocks That Are Headed South"},"content":{"rendered":"

Wednesday is often referred to as hump day, meaning that it is the middle of the week and just a few days to the weekend. Today could also be referred to as \"dump day\" as early indications are that investors are dumping stocks across the board.<\/p>\n

<\/a><\/p>\n

Today I have three stocks that I think could move significantly lower from where they're currently trading.<\/p>\n

The first one is Oracle Corporation (NYSE:ORCL)<\/a> which gave a weekly sell signal yesterday and looks to be in trouble to the downside.<\/p>\n

The next stock is the fashion house\/label of Michael Kors Holdings LTD. (NYSE:KORS)<\/a>. This stock also flashed a weekly sell signal yesterday and looks to be headed to the downside. I will be looking at where you should sell this stock, were you should put your stop and how far down I think the stock can go.<\/p>\n

And the last stock on the list is SanDisk Corporation (NASDAQ:SNDK)<\/a>. This stock also gave a weekly sell signal and looks to be headed lower. It also broke an important long term support line indicating further weakness to the downside.<\/p>\n

As a member of MarketClub and a reader of this blog, you have known for some time that I have been negative on the market. That opinion has not changed, I still expect to see further downside price action in stocks as the general perception of a bear market begins to take root in the minds' of investors.<\/p>\n

I will also be covering gold, which is looking more and more interesting, crude oil and the euro.<\/p>\n

Stay strong and stay disciplined. <\/p>\n

Every success with MarketClub,
\nAdam Hewison<\/a>
\nPresident, INO.com
\nCo-Creator, MarketClub<\/p>\n","protected":false},"excerpt":{"rendered":"

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