Over half of all US stocks are under the 50DMA
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a good trading strategy is this …..
- Thread starter Tarzan
- Start date
Good observation.I'm using "all US stocks" in TC2000
Scan shows 3782 of 6502 stocks under 50DMA
Its a fallacy that some investors have which is that because all stock indices consistently rise over the long-term, then so do individual stocks.
%%Look for stocks that hold their 50 dma for example. When stocks fall intraday and breach their 50 dma, it usually bounces back to it or above it. Unless its a very strong and precipitous drop due to some bad news, this is a viable intra day trading strategy.
As always, nothing is fool proof. This has worked for me in the past.
Good;
good swing position trade/invest for trendy ETFs .
DUE to weak SEPT based on history sell some also, above + below 50dma.....................................................................................................................................................................................................................................