By Stock Market HackerPublished: June 1, 2010Posted in: News Commentary, Stock Market CommentaryTags: Bear Market
According to the Investors Business Daily the stock market is still under pressure. The NASDAQ closed below the 200-day moving average today. I got a long signal on the QID etf last week. If you are going long, tighten your stops and thread with caution. Some of my short positions are still working and some longs are working too, so we do not know what to make of this trading environment. We trust our systems and we do not let emotions get in our way.
What do you think? Are we still on a correction?
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About the Author
I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
If you want to discuss stocks, options or personal finance you are welcome to follow me in Twitter (@smarkethacker) or drop me a line to smh@stockmarkethacker.com. In addition, consider subscribing to my RSS feed located in the top right hand corner.
Stock Market under Pressure
According to the Investors Business Daily the stock market is still under pressure. The NASDAQ closed below the 200-day moving average today. I got a long signal on the QID etf last week. If you are going long, tighten your stops and thread with caution. Some of my short positions are still working and some longs are working too, so we do not know what to make of this trading environment. We trust our systems and we do not let emotions get in our way.
What do you think? Are we still on a correction?
Popularity: 2% [?]
Related Posts:
About the Author