Tech to the Moon?
The Markets have undergone a bit of an Indian Summer there last 10 weeks (as most of us know), and whilst the market is currently at a bit of a sticking point, and we’re meeting a little bit of resistance across a lot of the major indices (at the moment), there’s 1 chart that I think we all need to consider, and it’s certainly 1 of the components within the overall market that compels me to take the view we’re about to see another leg higher.
Most of us know Tech is kind of a big deal… in the same way we all love a nice Single Malt Highland Park 21yrs (or maybe that’s just the Scottish in me)… Investors also love Tech (and rightly so)… it’s the 1 area of the Market than regularly sees stocks blast off on a rocket ship from $20 to $100 in short order… you just need to know where to look.
1 of the reasons my Client Community is such a great place to be, is the universal understanding that we must look to identify strength in the Market, there is little point in catching those falling knives, slicing open your hands and then waiting 2yrs for your investment to (hopefully) come back to break even (I know there are a lot of you out there holding those bad October decisions)… but iI guess what I’m trying to say, is that it really doesn’t have to be that way.
This is 1 of the charts that we must consider when assessing the feasibility of Tech taking the next leg higher, and although we’re not close to breaking above All Time High’s, we can certainly consider the information it is presenting to us.
The question we need to ask ourselves… How can we use this information to our advantage?
It’s simple really… if you know Tech might break out… do you think it would possibly might make sense to try and identify strength and identify the best opportunities within the overall sector in order to take advantage of the high probability set ups, thereby securing profit quickly and more effectively?
We do of course need to be cautious re: Brexit news at the moment - so perhaps being a little less aggressive and waiting for that news to play out might be the smart play here.
There’s a silly misconception out there that it’s easy to make money when the stock market is moving up, and whilst it’s certainly “easier”… and I do know we all prefer Trending markets to choppy ones (like we seen in 2018)… it certainly does pay to have a couple of Trading Styles in your locker for a rainy day… and whilst Trend Trading will always be my preferred approach… I do also have Swing Trading in my locker, and this is something that will serve you well for the rest of your life.
Let me ask a few questions -
How many of you would like to understand the Market on a deeper level and to understand how to take stocks from $50 to $80 instead of $50 to $52?
How many of you would like to learn the key Trade Management principals that can help you to double your Trading Account?
How many of you would like to understand Technical Analysis in a way that filters out all the BS you see out there from all the “gurus”?
How many of you would like to learn a systematic approach in as little as 4 weeks and also be part of a small but exclusive supportive Trading community environment for the rest of your Trading lives?
How many of you would like to have a clearly defined rule set that is unique to you, and create a completely independent thought process
It’s not rocket science… find the best… follow the best…. work with the best… you’ll get the best results.
If you’d like to explore the possibility of being educated by us and being part of 1 of the world’s best (and honest) Trading groups… it starts by clicking the link below. We’re happy to chat to you about what you struggle with.