Rookie Trader 220127 - Boring Day
Is it a good day to buy stocks today? Look at the S&P 500 hourly chart ... Is the 10 SMA above the 30 EMA? Is Williams %R (3) less than -80 (oversold)? Is the ADX momentum indicator above 25? If one is Yes, buy! 👉 Don't buy - 0 out of 3 yes signals. What stocks to buy? Buy DJIA and S&P500 stocks. undervalued PEG less than 1.5, uptrend above 200MA, when going down and about to bounce... https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here... https://simplywall.st/dashboard Buy if undervalued more than 30%. 👉 Maxed out investment cap. Wait for Profits. Which stock to sell? Check for OVERvaluation here... https://simplywall.st/dashboard Sell if overvalued. 👉 Nothing to sell. Until tomorrow. May the markets be with you. ~ The Rookie T...