Independent Trader
Contributor's Links: Next Big Trade

Justin Smyth is an independent trader with over 15 years of experience in the markets and the founder of nextbigtrade.com.  Justin primarily uses a trend following method called Stage Analysis to trade the markets.  He ... more

ALL CONTRIBUTIONS

Watching This Leading ETF For Market Direction QQQ
The Nasdaq 100 ETF QQQ has now broken back above the 30-week moving average after an impressive thrust off the bear market lows in mid-March.
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Understanding The Stage 1 Basing Phase After A Stage 4 Decline $SPY
Currently, the S&P 500 is in Stage 4 having declined below a falling 30-week moving average over the last month.
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Update On Gold
Gold has now consolidated sideways for around 9 months and is trading back above the 30-week moving average on heavy volume to start the week.
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The Coronavirus Panic Proves Once Again The Danger Of Holding Stocks In A Downtrend
Oil and gas stocks are one of the worst performing sectors so far in 2020 with XLE​ down over -40%.
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Thoughts On The Coronavirus Panic In The Stock Market Last Week
Amazingly plenty of leading stocks acted well last week with many stocks dramatically outperforming the S&P 500 and some even closing positive on the week.
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A Framework For Thinking About Stock Market Corrections
We should be expecting to see a few 5% corrections a year. Even a 10% correction should basically be expected but should happen fewer than 5% corrections.
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Comments

Latest Comments
Semiconductor Shares Slammed After Earnings
2 years ago

The chart of NVDA still looks fine. Sector-wise though after this much damage after earnings I'd expect these other stocks to need some time to repair damage before resuming uptrends.

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STOCKS I FOLLOW

CDCZF COPPER DEVELOP CORP
GLD SPDR Gold Trust ETF
SLV iShares Silver Trust

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