Look at a 2 year chart with the 20-day and 200-day moving averages in place. 1) Look for the stock to remain above the 20-day moving average to confirm accumulation. If the stock falls beneath the 20-day moving average, and the 20-day moving average then falls beneath the 200-day moving average, this stock is being liquidated, and the weakness is likely to persist. You do … [Read more...]
S&P 500 Still In A Bull Market
Summary The market dropped because many stocks were fully valued. Many stocks have now corrected. Basic macros: GDP growth and normal yield curve are positives. Technicals have weakened but still appear to support the bull case. Investors should not panic and assess both fundamentals and technicals before changing their views significantly. The recent drop is … [Read more...]
Two Simple Charts To Monitor The S&P 500
Summary Everyday investors are exposed to a lot of market noise. By monitoring these daily and monthly charts an investor can stay on the right side of the market. Price action along with the 100-day ma provided several profitable opportunities. I show 6 examples and how an investor could see the turning point. The monthly chart helps clear potential noise from … [Read more...]
