But today's chart of the day really shows this well, reiterating why it's so important to adapt to changing markets.
Here is the S&P500 with a line plotted below it. This line represents the percentage of stocks in the index that are in longer-term uptrends, but are NOT in short- to intermediate-term uptrends.
Whether it’s a pullback in a position or a pullback in my portfolio, drawdowns are the hardest thing to endure as a trader.
However, let’s not forget that I first had to have a winning trade on to suffer a pullback. That’s good!
If I want to have a big winner, it must first start as a small winner. Then the hard work begins…
To grow from a small winner into a big winner, it’s very rare for the path to be a straight line. There will be pauses. There will be the occasional shakeout of weak hands. There will be people on social media or TV talking about how extended the move has become and how there’s a high risk of a correction.
There will seem to be a million reasons to take profits before they escape my grasp.
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider transaction on today’s list comes in multiple Form 4 filings by the CEO, the general counsel, and the executive vice president of operations of Science Applications International Corporation $SAIC.
Among them the three directors revealed combined purchases of $490,670 in SAIC shares.
Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended April 12, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.