Last night was our Live Conference Call that I host at the beginning of each Month.
It gives us an opportunity to take a step back and identify the direction of primary trends.
This is helpful, because without understanding the environment we’re in, how could we possibly pick and choose which tools and strategies to incorporate?
This step often gets forgotten about by investors.
Many would rather just shove their strategy down the market’s throat whether it makes sense for that environment or not.
I find that foolish.
One chart that I thought told an important story last night was the Nasdaq Composite plotted with the New Highs – New Lows list.
It shows the bottoming “process” taking place beneath the surface: [Read more…]