Nancy and Judy,
I will keep indices on the list. It's easier for me to
maintain one list. People can use the data whatever way
they wish. I watch indices very closely because I do
some flip-flop trading. Even for people trading the trend,
it's valuable to keep an eye on the forest and figure out
good entries and timing on individual stocks.
To all, the list has 5-, 13-, 20-, 50- and 200-day EMAs
(exponential moving average), 9- and 20-day Bollinger
Bands (2 standard deviation), and 10-day Wlilliams % R
(based on closing price). For calculations and interpretations,
please take a look at wsdinc.com.
I use 50ema and 200ema to determine long-term trend, and
ema crossovers to see the momentum and breakout/breakdown.
BB is useful to confirm supports/resistances. W%R is a good
indicator for short-term overbought/oversold (OB/OS). I often
use w%r to determine when to buy pullbacks on uptrending stocks,
namely, when w%r shows OS. Those are pretty basic TA stuff but
work well for me.
Also notice the stocks we watch are the ones, we think, have
long term potentials.
Michael |
