Part 1 of 4 in the White Top View, Market Direction series. The market has a predictive function, the trend is your friend, Up, go long, down go short or get out. Use those three stock market guidelines rather than endless expert reports. The market looks about 6 months ahead anticipating where the economy will be going during the next two quarters. Identify that trend, up or down and take positions that benefit from that direction. When the trend is up, play long. When the trend is down, play short or get out.
Tag Archives | oil
Pre-open the futures were negative with Asian markets down and Europe still falling so what is to happen? Oil down and expected to continue and gold down still so that makes it hard to see Canada’s market move up; we expect a down day. US Fed Chairman Ben’s taper talk scared some investors who are running from […]