PRUDENT INVESTORS: DO NOT FALL INTO THESE THREE TRAPS AHEAD $DIA $DJIA $SPX $CPB $AAL $CAG $WMT $INTC $AMD $BAC $JPM $LUV $AAPL $AMZN
I have empathy for investors who unwittingly became a part of the momo (momentum) crowd, even though I often receive hate mail from them because they don’t like my description.
It is now high time for them to switch to a prudent strategy. Even prudent investors need to be extra careful about three traps ahead. Let’s discuss that but, first, let’s build the requisite background with the help of two charts.
Two charts
Please click here for an annotated chart of Dow Jones Industrial Average ETF DIA, which tracks the Dow DJIA.
Please click here for an intraday chart of S&P 500 futures ES00, which is based on the S&P 500 Index SPX.
March 20, 2020