How looooooow can they go?

Submarine markets are those that have been falling for awhile but just recently have fallen even further on a short-term basis. No doubt these markets are still in bearish trending phases but they have also moved into over sold territory making them candidates for short side profit taking. Going long these markets is not recommended as their downside trends are still quite strong. If these markets are able to rise from their over sold territory, look for opportunities to reestablish short positions. To assist in finding opportunities, our Hump Market List provides candidate markets that remain in bearish trending phases but that have also risen into short-term overbought territory.

Submarine Market Definition:

1. Bearish trending phase based on our Trend Level indicator.
2. Short-term over sold based on our Elastic Level indicator.