Fresh post up at StockTradingToGo, a reader asks when trading CANSLIM how to know when to sell in this current market and still give yourself a shot at 100% big winners. Read the answer.
Another continuation sell off today on higher volume puts bears in control. We are very oversold though which does make us ripe for a bounce so stay frosty out there and keep an eye out for short term opportunities.
Trend Table
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Up | Up | Up |
| Intermediate | Down | Down | Down |
| Short-term | Down | Down | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
