So another fine week right up until Friday when the bubble was burst, and with the futures looking dicey it looks like Monday’s open won’t be too much fun.
This does emphasize the need for my P1 strategy of protecting your profits quickly. If you master this, you will be a consistent winner.
Remember that the effect of compounding many little profits can be better than hanging in for home runs … remember Chloe’s performance?!
What I see from Friday are plenty of my “Momentum Initiator” bars but there is a 4.5-to-1 ratio of bearish vs. bullish! I’ll soon deploy this indicator into the TradeFinders.
Plus there many more recent bearish 200-dma crosses than bullish, so I have to signal a bit of caution right now, and again emphasize the need for profit protection. I’ll look to include the recent 200-dma cross pie in the Dashboard when it is upgraded.
An Innovation for Your Convenience
Starting last week, I am now uploading the list of stocks I cover in my OVI Market Reviews into a dedicated watchlist in the OVI tab inside the Watchlist area. This facility is available for members only, and is refreshed each time.
