WELCOME! Let's first look at where the Market is.
As we near the end of the year, we find ourselves near 10K on the Dow and 2K on the Nasdaq. Can you say, "non-committal"? LOL!
The Market is undoubtedly both overvalued and undervalued, depending on how one measures it currently and how one factors in the future. By almost every measure, most tech stocks are certainly overvalued so we need to be careful. But we all know the Market tends to look ahead, too, at least when those "in charge" want it to rally. <grin>
So, it is hard to believe that we will rally bigtime or fall dramatically, right? Well, probably. So we will look patiently for good entry points on quality stocks.
TOOLS AND PUBS
Although I read Standard and Poors, Zacks, The Street.com, Money magazine, and a wide variety of articles, my favorite is by far BRIEFING.COM which I highly recommend all subscribe too and monitor closely throughout the day. I probably should read Barron's too, but I don't much care for that pub.
For charts, I am no expert but use bigcharts.com to look at 20 and 50 day moving avgs., Bollinger bands, money flow, momentum, etc. I currently use TD Waterhouse's premiere service for accessing streaming quotes which I leave on my screen at all times. I track fave stocks and indexes, like DRG, SPX, SOX, BTK, etc. I rarely look at Level 2 anymore since it tends to just stress me out into making some "too quick" decisions.
If any of you are particularly good at T/A, you are especially welcome. A mix of fundamental and technical analysis is where I'm at. I hope some others are too.
Finding the balance between being too conservative and too out of control is tough, but that's the fun in "playing" the Market while knowing we are all "getting played" to some extent as well.
I expect this thread to start very slowly and hope it attracts a specific audience who is really in tune with the basic philosophy of making highly edicated decisions. |
