Talk about living in turbulent times! Have you noticed how the US stock market has been taking a beating of late?
If you wanted an example of a real yo-yo market, you only need have followed the Dow Jones over the last few weeks and this would have been a perfect example. Not that the Nasdaq was performing any better either!
With all this movement, it’s almost as if the market is desperately trying to establish a trend, but not quite settling into one.
Whenever this happens, our advice to any would be investor is to resist any temptations to jump in to make a quick kill, as the technical signals appear to be somewhat inconsistent and are not reliably leaning in one direction or another.
This is a typical sign that the market is in a yo-yo trading mode, with gains that are made in one week being given back the following. This is an expensive way to learn about market volatility.
It appears that a lot of the smart money is not convinced that the bottom is in place and therefore does not see an opportunity to buy good stocks cheap just yet.
Meanwhile there is lots of noise coming from market gurus and other would be “experts” on what stocks to buy and why, with many of them having conflicting views on what the market is doing at the moment.
Our advice? The market’s too unstable at the moment and some perfectly decent stocks are getting caught up in the general turbulence. Let things settle a little better before you even begin to think about diving in.
Read more of these strategies on his website www.formula-to-wealth.com
Sincerely,
Sam P.O.
Mr. Sam P.O is a financial expert managing a multinational financial institution and with a vast experience doing the online stock market trading.Talking of practicing what you preach; he sure has done and seen it all.
Banking as an institution is a prime platform to daily strategise and advance workable smart strategies that enables clients and customers alike to get their ROI. This knowledge and experience is what has driven me to share in this daily experience and pass the secrets to those who love making more money. Keep your eyes open for more weekly articles… Thanks
