A Rough Month Ahead for Investors September is traditionally the worst month of
the year for stocks. And its first two days of trading, in which the S&P 500
fell 3.77%, seem to reinforce that belief. As we enter September, there have
been few positive changes in the U.S. and European economic and political
arenas, and the same old technical problems seem to haunt the bulls. The market
has turned down from the enormous resistance formed over a seven-month period
with a bearish daily reversal from the Dow Jones Industrial Average, and the S&P
500 is in the process of forming what appears to be a bearish flag. Dow Theory
has confirmed a bear market, and all of the major indices have flashed a death
cross. Despite the potential for near-term rallies, stocks show few signs of
technical strength, and the overall trend is down. So any up days should be
treated as opportunities to unload poor performers or enter short positions.
Here is our list of stocks to sell in September:
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