Stock Market Wisdom on $SPX $VIX $FB
★ SUMMARY ★
In this video, I’m going to share with you a few quick words on the stock market and some insights on the S&P, the VIX and also Facebook.
The first thing we’re going to analyze is the volume compared to price, in the SPY. Something you want to make sure when looking at the SPY is that the volume picks up in a big way as the stock continues to move higher, you want to be careful if the volume decreases, because if you don’t get enough buyers stepping in to hold the price level, then it could fail.
You should always analyze volume during several days to make sure the stock can sustain higher prices. Once you see a break, you need to look at the follow through in order to confirm your analysis.
The other thing we’re going to be looking at is the VIX and the market volatility. Personally, I like it when the VIX is higher because it means that there’s more volatility, more movements in the market and you can make more money, that’s why professionals usually like a higher VIX.
Finally, we’re going analyze the Facebook chart. Something you should always keep in mind is that the market usually moves about 6 months ahead of the regular economics. This happens because it is based on projected future earnings. So when analyzing a stock chart, you should watch the momentum, see how it evolves in the future and then trade according to what the market gives you.
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Encyclopedia of Chart Patterns: http://amzn.to/2fCnxIB
How to Make Money in Stocks Getting Started: http://amzn.to/2f8FKsM
How to Make Money in Stocks: 4th Ed: http://amzn.to/2f8E1DQ
Reminiscences of a Stock Operator: http://amzn.to/2gpQMNm
One Up On Wall Street: http://amzn.to/2gbMHJJ
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