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- Last Update: 25 October 2020, 23:52
General Market Commentary
10/13 Tues > Taking notice of the $NYHL... Will see what the $NYMO looks like at the closing. Most all financials down today after their big run with the S&P pe ratio now over 32! Volatility coming back in? Would seem appropriate before election. Added to DRV, FAZ and new position of UVXY. Broad market high may give these room to run. Appears here to be at risk off. We"ll see...
10/12 Mon > Have narrowed stock list this weekend and further in the future. New $SPX chart >
! ! ! $SPX Daily 3 Yr Solid Line. This chart shows the real picture of the broad market. Careful out there...
30 Min 20 Day Histogram Wave charts working great.
10/07 Wed> Two new buy positions of DRV, at 12.76 and 12.49 using the 30 Min 20 Day Histogram Wave, with stops.
10/06 Tues > $INDU at the level of resistance again.. Trading the markets do require a little time to channel your investment trading thoughts into a plan for trading. Once this is done, the next step is what platform to use for trading. I do not trade options nor futures. Choose trading vehicles that move with the broad market and sometimes individual stocks. ExampleS of this is: MIDU, TNA and a solid company stock like TFC ( BB&T). Next will be charting. A good chart set up example that works for me is the 30 Min 20 Day Histogram Wave chart setup for MIDU , TNA and TFC and also DRN and DRV. Poor earnings of individual companies can take a whack out of your investments, so choose quality over risk and protect using stops...
Great day to you! Stay safe, stay well and stay here with Roughdollar...
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