Stock Market Weekend Review - January 20, 2016
Things seem to be getting worse and worse …so what you do in the stock market now? Panic? Sell Everything? However most corrections in the stock market( 75% of them) are contained within a 10% sell off. We are near support however that is not written in stone. If we surpass this 10% stock market sell off, bets are off and a greater correction is possible. We use many tools to keep us on the correct side of the market such as moving averages and Ned Davis & Marty Zwieg 4% rule. These both have us exiting.
Video Length: 00:05:26
This is not the time to panic. Rather build a watch list and look for strength in the strongest stocks in the strongest sectors. What is interesting is that STZ, Constellation brands hit a new high. The public storage sectors are still showing strength. The key is to have a trend following plan.
First the stock market itself…then the stocks that are showing strong profits both quarterly and annually…. Look for sales to be increasing. These are signs of a stock market winner.
Disclosure:The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I may hold ...
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