Individual investor since 2006, former research scientist. This account is actually my trading blog. All posts are just my opinions, always do your own DD.
The Relative Strength Line tells you how strong a stock is relative to every other stock on the market. It is a time-tested TA indicator that has been effective for decades–its longevity means it can be trusted and used with confidence and conviction.
https://t.co/fHu11Tlw44
#STUDY#TRADING
1. Trading is a probability game.
2. In order to win, you need to have a trading plan with positive expectancy.
3. Let your winning stocks run.
4. Cut your losses quickly and move on to the next trade.
5. Strictly follow your money management rules.
6. Use stops.
The $NDX AD line made a new all time high yesterday. Whenever it happened in the past the index followed it to a new ATH. The longest lag between a new ATH in the AD line and a new ATH in the index was 4 months in 2016. Based on that NDX will make a new ATH by the end of August.
The S&P 500 fell more than -10% during this month, but is on track to close within -2% below last month's Close.
What a reversal.
The last time this happened was during the Great Depression.
Watching $SRAD
The stock is in a strong uptrend. Its RS line was at new highs ahead of price at the beginning of March and again yesterday, strong accumulation last week.
@dux_severan@CT24zive Far-right populist Geert Wilders has said the leaders of four right-wing Dutch parties have reached agreement on forming a coalition government.
https://t.co/Be7giC9xxb