Weekly Stock Charts
Identifying index & ETF trends in weekly stockcharts
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- Last Update: 19 January 2020, 7:59
Jan 13th 9:25A Update: Lots of churn under the surface as you can see in the weekly charts of $KRE, $SML, $MID, $TRAN...even $XBI....BUT (big BUT) the big-caps are holding up the market. Daily upgrades of $AAPL, $MSFT, et al. are helping as well as analysts chase prices higher. This won%27t last forever, so enjoy it while it lasts. Don%27t short stocks just because they are "too high" - you need a trading set-up, a plan, and a stop. My long stock plan is to scale where I can & ride runners as long as possible. I%27ve been using 10x ATR stops lately and those wider stops are helping me stick with bigger moves. Same kind of logic applies to shorts, don%27t short $TSLA just because it hits 400 because it could go to 500. Same thing at 500, it could go to 600. Nobody knows. Manage risk, use stops + good luck out there!
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