Salient to Investors: Top investing myths: Buy and hold forever. Better to buy and protect as companies and economies change. Have an exit plan to guard against catastrophic loss. Only performance matters. Let you investment objectives guide your investment selection and diversity. Charts are for traders. Charts are important tools
READ MORE... →Salient to Investors: Street Authority writes: The AAII survey shows less than 20% of investors are bearish, the lowest reading in 18 months. Stocks tend to rally when the AAII survey finds few bullish investors. Technical indicators including momentum and not fundamental indicators like valuations and growth rates are driving the
READ MORE... →Salient to Investors: Stephen Wood at Russell Investments says earnings will be the story of the week and the story of the month. Charles Plosser at FRB of Philadelphia said the Fed should begin tapering in September, while James Bullard of FRB of St. Louis said it should not cut back until inflation accelerates
READ MORE... →Salient to Investors: Dennis Gartman writes: Understanding both market technicals and fundamentals is vital. When you both the technicals and the fundamentals are pointing in the same direction, you will probably succeed. Always look at “box”, which delineates the 50% to 62% retracement of the previous rally or big decline. Gold
READ MORE... →Salient to Investors: MacNeil Curry at Bank of America Merrill Lynch said an Ending Diagonal Triangle trading pattern indicates the 2-month rally in the US Dollar Index is poised to end. The Ending Diagonal Triangle indicates a weakening trend that is on the verge of reversal. Read the full article at http://www.bloomberg.com/news/2012-11-15/dollar-index-faces-ending-diagonal-triangle-technical-analysis.html
READ MORE... →Salient to Investors: David Goel at Matrix Capital Mgmt said DeMark’s algorithms are much more predictive than any other system. Tom DeMark’s says fundamentals do matter, and markets are governed by waves that crest and fall based on Fibonacci numbers and the closely related golden mean, or golden ratio 1.618. DeMark can’t explain why his
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