| Search by tag or site | Login to my blog ? Start my own blog |
 |
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 (still) BELOW THE 200 DAY M.A. ON THE NDX
http://millionairenowbook.blogspot.com/
Use this "tool" to decide whether to be long, short or out of the market.
* SPX (S&P 500) trading at 1304.27, above the 200DMA of 1276.43
* OEX (S&P 100) trading at 602.82, above the 200 DMA of 583.01
* NDX (Nasdaq 100) trading at 1581.95, below the 200 DMA of 1634.04
.....note: SPY trading at $130.66, above it's 200 DMA of 127.05.
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 (mostly) invested. When the SPX breaks below the 200 MA, you should be (mostly) 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.
Using Two or Three Moving Averages at Once
Working the Trends with Moving Averages by Cornelius Luca
The author looks at ways of profiting from trends by using Moving Averages.
I currently have no margin. I remain short: QQQQ, SPY, RSP, T and am slightly over-weighted towards Gold/Silver,Tech and specialty small/mid-cap health care and biotech.
- Canslim.net Morning Comment And Links (for Traders)
- How Certain Investments Did Last Week
- "Putting A Price On Happiness"
- New York: When Lending Stops
- Major Averages Dove To New Lows Regardless Of Bailout Plan
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
Made several great trades today. Traded the QID, QQ [read more]
When I first started Day Trading I traded anything that [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
<< My Home | TheMoneyBlogs Home