USE AN ETF WITH SOME EXTRA JUICE TO PLAY A MOVE HIGHER $MTUM $QQQ $SPY $IWM $AMZN $FB $EA $NVDA $AMAT
Whether you believe in technical analysis or not, technicals are worth paying attention to simply because so many other investors do. Most institutional investors claim to be fundamentalists, however, in my over 30 years in the markets, I have found that a large number of institutional investors are closet technicians. Right now, the technical setup is such that we could see a nice move higher, and we need to identify the best way to potentially take advantage.
Buying by technically oriented investors often becomes a self-fulfilling prophecy. These days, machines running algorithms are a big part of the volume. Machines often tend to jump on whichever side seems to be winning, thus exaggerating the move.… Please click here or the title below to read more.