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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
WE ARE BELOW THE 200 DMA ON THE NDX & SPX
Posted on 08/11/2006 00:08 AM | Link | Post Comment
Use this "tool" to decide whether to be long, short or out of the market.
* SPX (S&P 500) trading at 1265.95, below the 200DMA of 1270.32
* OEX (S&P 100) trading at 584.48, above the 200 DMA of 580.10
* NDX (Nasdaq 100) trading at 1485.65, below the 200 DMA of 1638.04
.....note: SPY trading at $126.98, above it's 200 DMA of 126.31.
A loud warning to the wise about Bear Markets: You absolutely do not buy breakouts during a bear market.
As a rule, I invest by the following: when the SPX or NDX is above the 200 day MA, one should be (fully) invested. When the SPX breaks below the 200 MA, you should be out of the market. The same can be said of the NDX. Use a break below the 50 DMA or 70 DMA to "take money off the table". Only short the market(s) upon breaking the 200 DMA.
I currently have no margin. I remain short: QQQQ, SPY, RSP, T and am slightly over-weighted towards Gold/Silver and specialty small/mid-cap health care and biotech.
* SPX (S&P 500) trading at 1265.95, below the 200DMA of 1270.32
* OEX (S&P 100) trading at 584.48, above the 200 DMA of 580.10
* NDX (Nasdaq 100) trading at 1485.65, below the 200 DMA of 1638.04
.....note: SPY trading at $126.98, above it's 200 DMA of 126.31.
A loud warning to the wise about Bear Markets: You absolutely do not buy breakouts during a bear market.
As a rule, I invest by the following: when the SPX or NDX is above the 200 day MA, one should be (fully) invested. When the SPX breaks below the 200 MA, you should be out of the market. The same can be said of the NDX. Use a break below the 50 DMA or 70 DMA to "take money off the table". Only short the market(s) upon breaking the 200 DMA.
I currently have no margin. I remain short: QQQQ, SPY, RSP, T and am slightly over-weighted towards Gold/Silver and specialty small/mid-cap health care and biotech.
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Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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