What Do You Sell When The Market Drops? Here’s Where You’ll Get The Right Answer
Some areas such as the energies and metals & mining managed to rally in
spite of the recent market sell off. This action has them extending their
longer-term uptrends.
However, as one would expect, many areas sold off with the overall market.
For example, notice the action in real estate and the homies below (see chart 3). Their
longer-term uptrends appear to have come to an abrupt end.
So, how do you know which stocks you should keep and which ones you should
get rid of when the sell off begins? You don’t! Let the market guide you.
Through the use of protective and trailing stops, the market will
“weed” your portfolio for you.
I discussed the above in more detail along with current conditions
in my weekly audio/visual presentation. Email me if you would like a link
or click here to view it.
Best of luck with your trading on Thursday!
Dave Landry
P.S. Reminder: Protective stops on every trade!
P.P.S. Learn my newest and most advanced version of my Bow
Ties Strategy. Click
here for details.
Chart 1
Chart 2
Chart 3
Chart 4
