In this week's edition of Chartwise Women, Erin and Mary Ellen cover what to look for to determine if the markets - or your stocks - have really hit a top. In order to time your exits, you need to know about stops, and the pair share their strategies on exiting a position and how to use stops to your advantage!
New episodes of Chartwise Women air on Thursdays at 5pm ET on StockCharts TV. Archived episodes of the show are available at this link.
About the author:Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California.
About the author:Mary Ellen McGonagle is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span the globe, including big names like Fidelity Asset Management, Morgan Stanley, Merrill Lynch and Oppenheimer.