Dave Landry’s The Week In Charts-Believe In What You See And Not In What You Believe
By Dave Landry | Dave Landry's The Week In Charts
In this episode, I discuss the fact that the market is climbing the wall of worry in spite of "blood in the streets." During times like these, it's vitally important that you "believe in what you see and not in what you believe." I went on to discuss the fact that during sector rotation, leaders become laggards and laggards become leaders. Momentum stocks begin to roll over and "value" stocks become momentum stocks. Although most momentum areas have lost a little steam, they generally still remain strong. This begs the question, can we have our cake and eat it too? Can we play both momentum and value at this juncture? I also covered a plethora of other topics including second entries on missed (intentionally or not) trades, taking the next setup after getting whacked, and some other stuff. And, last, but not least, I fielded your trading questions and analyzed your favorite stock picks.