Right after I was promoted to first lieutenant at the Pentagon in 1987, a contractor talked to me about a job. He was ready to hire me as soon as I got out. I politely listened. But I was terrified on the inside…
Remember how last week I talked about when the RSI breaks the 30 level, that makes the market officially oversold… Well, this morning, it hit 29…
Bit of a crazy week in the stock market to say the least. Over 260 stocks hit 52-week lows this week… The market proved as volatile as ever… And Powell’s speech and the Fed raising interest rates another 75 basis points didn’t help much…
There are a few tried and true technical indicators with clear benefits to predicting market moves. The one I’m watching closely this week is RSI, or Relative Strength Index…
No sense dressing it up… Stocks got wrecked this week. S&P 500 down almost 7%, and NASDAQ down almost 8%. Yet, with portfolios down across the board, my newest strategy continues to produce quick winners…
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