There is always a reason why there is divergence between the S&P 500 and Nasdaq. A trend following tool will be able to help you see that. Yesterday, S&P 500 and the Dow Jones fell while the Nasdaq Composite rose. Well, I guess it surprised many people, but not me or those of us here that use a trend following tool to help us.
The trend is your friend as they say.
While a good system may not give you 100% accuracy, it helps us to be on the right side of the market 75% of the time. As you shall see in the charts below, the Nasdaq was trending up in the 15 min charts while the SPY and DIA was trending down in the 5 min charts.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.