Weekly Stock Charts
Identifying index & ETF trends in weekly stockcharts
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- Last Update: 16 February 2020, 11:29
Feb 10th 9:20A Update: We%27ve got a choppy, 2-way market (not my favorite). There%27s a few stocks that are performing very well, $MSFT, for example. And other stocks that are caught up in coronavirus fears, $AAPL pre-market, for example. I%27m still finding plenty of opps, but I%27m getting stopped more frequently as we swing from highs to lows. The $BPSPX 1H renko chart is a super simple indicator, but also very, very useful indicator. I%27m going to keep my cash level at 50% until it flips back to green. What else? $AMD + $INTC are both inside wks, I%27m watching those 2 for clues how $SMH may act this wk. So, there%27s things to do if you%27re a bull or a bear....or you can just take a few days off & go fishing. Fishing is a solid option over red P&L. Good luck out there, manage risk, size properly + use stops.
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