Right now 82% of NASD stocks are below their 200 day moving average. The last time we had a number that low was mid-2002 when 91% of stocks we're below--that's nutty.
Tomorrow will be interesting.
1 comment:
Anonymous
said...
Bespoke has a great graphic showing what your current cumulative returns would have been if you had bought the SP500 on the first of the year for the years 2002-2008. I started trading in 2005, so if I had just bought the market I would be up 8%. My cumulative return is actually 45%, so I guess I should be happy.
Stocks to Watch 2022
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“Successful speculation implies taking risks when the odds are in your
favor.” – Victor Sperandeo This year’s list contains 20 growth names to
watch in 202...
1 comment:
Bespoke has a great graphic showing what your current cumulative returns would have been if you had bought the SP500 on the first of the year for the years 2002-2008.
I started trading in 2005, so if I had just bought the market I would be up 8%. My cumulative return is actually 45%, so I guess I should be happy.
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