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The thing that has really turned me around as an investor is, learning proper ichimoku Moving averages, for some reason I could just never see “lines in the sand” with an open chart, but having the specifically defined moving averages tell me exactly when I should no longer be in a stock on a daily or weekly basis allows me to keep out of drawdowns a lot more.
I'm somewhat cautious at this point because the RSP is showing sort of a "rising wedge" pattern that was "activated" a few days ago whereas MAGS (ETF magnificent stocks) looks like breaking out. Difficult to make up my mind on this situation but I operated based on proverb "Better safe than sorry!". Time will tell.
after watching this part here, at 21:26 about how top 10 stocks in the sp500 can hold the index higher , makes you think why the sp500 entry rules still have a min of 6B in market cap. Doesn't that need up to be updated to at least 20 or 30B with now market leaders in the trillions and make the index more relevant to today's market? After watching this video had a look at the list by market cap, over 150 in the index are under 20B. Then Ishares comes out with a top 10 etf the other day, or top 20 for QQQ, because of the large amount of irrelevant companies in the sp500 people are searching for etfs focusing on the most important stocks right? Any thoughts Dave?
➡ Follow Dave on RUclips: www.youtube.com/@DKellerCMT
👀 See what better financial charting can do for you!
Start your FREE 1-month trial today at stockcharts.com
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP
✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
The thing that has really turned me around as an investor is, learning proper ichimoku Moving averages, for some reason I could just never see “lines in the sand” with an open chart, but having the specifically defined moving averages tell me exactly when I should no longer be in a stock on a daily or weekly basis allows me to keep out of drawdowns a lot more.
Probably the clearest, most concise explanation of breadth that i've seen. Must see ( stockcharts) TV, Thanks Dave!
Good to see you back on the Stock Charts channel!
Excellent thanks 😊
Thank you David!
I'm somewhat cautious at this point because the RSP is showing sort of a "rising wedge" pattern that was "activated" a few days ago whereas MAGS (ETF magnificent stocks) looks like breaking out. Difficult to make up my mind on this situation but I operated based on proverb "Better safe than sorry!". Time will tell.
Can u switch to dark mode? Thx
David many thanks for providing links to your charts.
after watching this part here, at 21:26 about how top 10 stocks in the sp500 can hold the index higher , makes you think why the sp500 entry rules still have a min of 6B in market cap. Doesn't that need up to be updated to at least 20 or 30B with now market leaders in the trillions and make the index more relevant to today's market? After watching this video had a look at the list by market cap, over 150 in the index are under 20B. Then Ishares comes out with a top 10 etf the other day, or top 20 for QQQ, because of the large amount of irrelevant companies in the sp500 people are searching for etfs focusing on the most important stocks right? Any thoughts Dave?
Thank you
is it possible to chart the % of sp500 stocks has made new 20 day high on stockcharts?