THE BEST STRATEGY FOR THE OMINOUS STOCK PATTERN THAT JUST OCCURRED $CAT $MMM $FB $AAPL $AMZN $FB $NFLX $GOOG $SPY $IWM $QQQ
Tuesday’s ‘outside day’ started with optimism and ended with pessimism.
An ominous pattern has occurred in the U.S. stock market. Investors definitely felt it Tuesday, when stocks cratered after rising earlier in the day.
What is the best strategy for investors at this time? Let’s explore, starting with a chart, which can show us this pattern.
Chart
Please click here for an annotated chart of S&P 500 ETF SPY. Similar conclusions can be drawn from charts of the Dow Jones Industrial Average DJIA, Nasdaq 100 ETF QQQ, and small-cap ETF IWM. Please observe the following from the chart:
The ominous pattern is the “outside day,” as shown on the chart.… Please click here or the title below to read more.
April 25, 2018