frankz

The SP500 is down roughly 3.4% from its 7/24 $1987 high.  If you bought the dip and you are temporarily down regardless of the outcome you did the right thing.  Buy the dip is what the market has conditioned everyone to do since 2009, and buying the dip has worked tremendously over the last year or so.  The discipline based on recent market action (last few years) was to buy the dip not to short in the hole since that has not worked for a long time.But once you buy the dip if you did how you handle it afterwards [...]

This was a tough month for many, the $RUT ended down 6% for the month and for the majority of the month we saw the SP500, DOW JONES, NASDAQ 100, NASDAQ all hover near 52 week highs while stocks underneath the surface were not participating, breadth was horrendous this month, we gave you the rundown here, these numbers only got worse.In these type of markets people really get hurt and lose their confidence because they have not yet graduated to the stage where they realize and more importantly ACCEPT that their strategy will not work in all market conditions.  What happens is that [...]

This month it has been all about the indices, most individual stocks are not really participating in this recent up move.  Here are some stats:The Nasdaq started this month at 4408 with 67% of all stocks above their 20 day ma, today we are 4473 with only 41% of all stocks above their 20 day moving average.The Russell 3k etf $IWV started the month at $117.74 with 67% of the stocks within the Russell 3k above their 10 day ma, today we sit at $118.28 with only 41% of the stocks above their 10 day ma.The advance-decliners (NYSE+NASDAQ+AMEX) 10 day moving average [...]