Home » Market Analysis, Trading

Good Information For New Investors

16 April 2010 No Comment

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.

Comments are closed.