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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (7493)9/7/2019 6:56:19 PM
From: Chip McVickar1 Recommendation

Recommended By
Da Rookie

  Read Replies (1) | Respond to of 26788
 
Hi Kirk -

1st of all the blue pitchfork is not drawn correctly
Bring the lower point back to the lowest low - looks like May/June '18
That will give you a different read...

IMO... equal weighted charts are often more accurate when dealing with index charts like the S&P 500
ie: Fedex is in transports they travel differently then the banks

Also, weekly/monthly charts are what I've found better then daily to determine overall trend - unless your're a swing trader.

Getting packages of food from Fedex has gotta be the in-cool thing. Personally being a foodie I go to the local farm and buy their tomatoes, corn, squash, lettuces and herbs...