Of course, it's easier to profit from short sales
in downtrends because, as Martin Zweig wisely says in his 1986 classic Winning on Wall Street, «the trend is your friend».
Not exact matches
While this week's price action was certainly a step
in the right direction (so far), both the NASDAQ and Russell 2000 are now
in «no man's land»
because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short - term
downtrend lines that have formed.
Inside bars are common on the daily chart
in a very strong / runaway trend
because the market will make a brief pause after its most recent move before shooting higher (uptrend) or lower again (
downtrend).
While the recent growth is indeed a positive indicator - but the currency is still at a risk
because even a slight
downtrend can set things into a reverse motion and the price can fall back to where it was before the uptrend began - resulting
in a $ 102 - $ 98 target on the lower end.
However, a new bear market would not bother me
because I am a momentum swing trader; the trading system taught
in my nightly stock trading newsletter is designed to profit
in both uptrending and
downtrending markets.
This overcut of the
downtrend line is significant
because it sucks
in new buyers, just as institutions are starting to sell into strength.
Unlike our stock trading strategy, which focuses primarily on Breakouts and Pullbacks
in uptrending markets, we afford ourselves a bit more diversity with our ETF trading strategy
because we also seek to take advantage of ETFs reversing from
downtrends.
Inside bars are common on the daily chart
in a very strong / runaway trend
because the market will make a brief pause after its most recent move before shooting higher (uptrend) or lower again (
downtrend).
Just
because you see a hammer form
in a
downtrend doesn't mean you automatically place a buy order!
While wind's recent cost decline has not been as universally stellar as solar's, mostly
because wind is a more mature sector, its price
downtrend in 2016 and 2017 has been precipitous, particularly
in countries with the most favorable conditions and / / or policies.
Given the
downtrend in global temperatures over the past 11 years and the likelihood that this will continue for some time (see Section 2.4 of my Comments)
because of the Pacific Decadal Oscillation (PDO), there would appear to be ample time to start over and do it carefully and thoroughly this time with full input by everyone that may be interested.
Natural gas broke below the Red and Yellow indicator lines and should be shorted
because it is
in a
downtrend currently My custom support resistance indicator lines show decent places to enter or exit.