It is my opinion that there are no “RULES” in trading/investing, but there are some great guidelines to follow that will help us achieve success and avoid catastrophic losses.
I often talk about a stock being “innocent until proven guilty” or “guilty until proven innocent.” Basically I am saying “a trend once established is more likely to continue than reverse” which is a foundation of technical analysis.
The video below takes a look at trends and potential scenarios in the major averages then goes into some trade ideas for the week ahead and then finishes with a lesson about the 50 day moving average. I hope you find value in it.
Have a great weekend!