Good Information For New Investors
Technical analysis is a complex subject and the value of it is definitely debatable. Nevertheless, it is important to have some understanding of it in my opinion in order to become a successful investor or trader. For all of you looking to improve your investing and trading skill set, I encourage you to read the following article. This article does a great job on providing some high level technical analysis of the broad market that non-technical analysis people will be able to understand (i.e. most of you). I encourage you to read it and learn a few things as I did.
One of the interesting things discussed is that the Nasdaq ETF (QQQQ) has had 42 days in a row above its 10 day moving average, the most since the ETF was created in 1999 (the previous record was 28 days). Wow!
You can read the article here.