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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
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Feb 25, 21 07:54 AM
In this week we will have a look at VUZI, KSS, PBCT, CBRE, SPG, KPOWER and the lessons from their chart.
Feb 17, 21 09:44 AM
In this week's chart lessons, we will be looking at NVDA, SPX and KLCI, LKCO and MVIS.
Feb 10, 21 08:10 AM
Let's take a look at the SPX and MSFT, TLRY and KGB this week. Continuation patterns can be strong indication of bullishness.
Feb 04, 21 12:21 AM
In this week chart lesson we will have a look at the S&P 500 as well as Top Glove and also Bitcoin.
Jan 25, 21 10:59 AM
This week's chart lessons. Some interesting developments in TSLA and AAPL.
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