Last week alone was enough to change market dynamics. As we mentioned earlier, no deal (regarding US debt) in sight was the reason investors are loosing confidence in the market. We got our SELL signal on 28th July.....
Nice article above Savings:
What to Do If You haven't Saved Anything Yet.
So far last week have been good for the market. After our BUY signal based on BPNYA & EMA(30), market has managed to continue its move upward however we are not out of the woods yet!
Market was very volatile past week, but we expected it, Isn't it! We did expect market to be volatile going into earnings season, its a normal process. We have 2 factors in current market situation which will make or break this market...
In our last market update, we indicated that we got breadth thrust and will get BUY signal. We can confirm this using our BPNYA indicator as shown below.
Discussion Forum - We added a knowledge discussion area to the site. The intent is to share our thoughts, doubts, concerns, ideas, questions or anything related to Everyday Finances & Long Term Savings. This will provide us a way to interact with each other and collaborate collectively, so that we can learn from each other.
We hope this helps us all...
Past week markets posted an impressive rally and NYSE was up by 4.91% in a week. As we mentioned again-n-again markets can do whatever they want, all we need to do is to increase our odds of winning by being on right side of the market. How do we achieve this? Remember, its a game of probability...
What is NYUD?
What is BPNYA?