Look up "head and shoulders tecnical indicator", then look at the DJIA.
I suppose its time to review the portfolio again and make some adjustments. I won't be reducing my overall Market investments, but I won't be increasing them much at this point either.
I'm not sure what a strong September means, but it can't be all that bearish. If it dips some folks will panic and it may test 9K again. That's another buy opportunity. The economy is in recovery now, even if it is an anemic one, whereas before it was in meltdown. Should the market go bullish, you don't want to be caught out of it. I'd still buy quality and yield. Even it stays flat, or even dips, you still get your dividends which are paying better rates than anything in the financial world.
As far as the technical indicators, I don't really watch them that much. I know a lot of people do. And many claim it works. Best method I've found is to buy quality stocks and hold them. Also historically the markets have risen much more under democratic presidents than republicans. I have no idea why that is true, but it is a very good indicator for a very long tme.
Do you have any recommendations for buys, or sells? Or overall portfolio management?
*I want an up trending stock or sideways trending with volume 1.5 times the avg. (last 60 days).
*The price has moved above moving average (last 30 days)?
*MACD moved above the center signal line. This is a momentum indicator.
* Stochastic has moved above the 25% line. If it's above 75%, overbought, below 25%, over sold. Try to find an up tick (sloping up) between 25% and 75%.
*Strong F/E Score: > 3.25
*Price Pattern Score: > 2.5
*The industry the stock is in must be up trending or sideways trending. 50% of the stocks movement is tied to the industry it is in.
*Broken resistance or bouncing support. Donít want stock to be hitting resistance or bouncing off support.
Couple of things to remember:
*When the markets go up, 75% of the stocks go with it.
*When the markets go down, 90% of the stocks go with it.