Home > Boards > Stock Clubs > Market Trends and Strategies > 2 TRADING CHARTIST

3/23 CHARTIST HOTLINE

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
TREND1 Member Profile
Member Level 
Followed By 402
Posts 52,636
Boards Moderated 24
Alias Born 12/16/01
160x600 placeholder
TREND1 Member Level  Friday, 03/23/18 04:35:53 PM
Re: None
Post # of 207 
3/23 CHARTIST HOTLINE

Friday, March 23, 2018





Whenever the Dow rises or falls by more than one percent or we have new recommendations we automatically update this hotline.

The S&P 500 suffered its largest weekly loss in more than 2 years on concerns that a trade war and higher interest rates could substantially slow global growth.



Today, the Dow lost 425 points -1.77%, S&P 500 -2.10% and Nasdaq -2.43%. The Actual Cash Account dropped –1.87%.



Declining stocks outnumbered advancing issues by a 4 to 1 margin on the NYSE and 3.7 to 1 on the Nasdaq. The Chartist Overbought/Oversold indicator closed at an oversold reading of -3.41.

Short term support is in evidence at the market closing low on February 8th of this year at 2581.00 for the S&P 500.



None of the stocks in the Trader’s Portfolio violated their mental stops, but carefully monitor the stops over the coming days as some are getting close.



Our models are positive stay in a recommended 95% invested position.

Our next regular hotline is scheduled for Tuesday, March 27th, 3pm West Coast time.



LONG=GREEN SHORT=RED
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist