Technical analysis can often provide investors with a number of potential pivot points in the market. While not accurate 100 percent of the time, but helpful with short-term trading, the past few months have given a strong clue as to when markets will rise again.
On Friday, the S&P 500 closed the day near its lows, but also right at its 50-day moving average. A similar decline in late January also occurred. The strong performance after both moves suggests that the market may be prone to sizeable drops, but that it will find support early and quickly. The tech-heavy Nasdaq has been more volatile, and has broken under its 50-day moving average recently, but came back up in yesterday’s strong trading.
What technical indicators are you using when trading to find the best opportunities?
Hit reply and let us know how you’re handling the increased volatility.
Now here’s the rest of the news:
This Potentially Catastrophic Inflation Surge Slipped Under the Radar (Until Now)
Food prices have risen steadily for the last seven months, and history has some pretty disturbing lessons about what happens when people have trouble feeding their families…
March 02, 2020
Markets continue to slide on fears, but at some point, every investor who wants out will be out. And, since every seller has to find a buyer, an interesting question emerges: Who has been buying shares during the recent market panic?
We will likely find out soon among the big-name investors and fund managers out there. And we will likely see a continuation of the notion first voiced by Warren Buffett:
“The stock market is a device for transferring money from the impatient to the patient.
March 02, 2019
Early Saturday afternoon. Just finished my
3rd cup¹ of coffee, and a lite nacho lunch with Caryl. As anyone working from home will tell you … everyday you must be doing something on, or with your business; today it is designing logos.
As is becoming my habit now … instead of outsourcing first, I thought I’d watch a YouTube video with over a
million views on how to design my own. My thinking is… it’s easier to have someone else design ‘what exactly I want’ when I have an idea first of what I want that person to design. I’ll be back to get your feedback on a few of my design ideas. Chow for now! 😉
¹errr 4th cup… / swapped out the ‘video’ as well…
P.S: As you can tell it was not as easy as hoped… it may indeed be worthwhile paying someone with the right tools to build my logo… Chow a second time! 😉