Monday, August 23, 2010

Down Friday - Down Monday

According to Stock Trader's Almanac, a down Friday followed by a Monday has a tendency to be a precursor to a move down.  Today's lower close followed a lower close on Friday.  While I can't say if this will play out negatively nor have I made any major allocation changes, I have moved to a more hedged approach in most models.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

THIS SITE DOES NOT OFFER INVESTMENT ADVICE. ALL OPINIONS IN THIS BLOG ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY. NONE OF THE INFORMATION CONTAINED CONSTITUTES INVESTMENT ADVICE OR A RECOMMENDATION THAT ANY PARTICULAR SECURITY, PORTFOLIO OF SECURITIES, TRANSACTION, OR INVESTMENT STRATEGY IS SUITABLE FOR ANY SPECIFIC PERSON. WE ARE NOT LIABLE FOR ANY POTENTIAL DAMAGES THAT MAY BE INCURRED FROM THIS INFORMATION. PLEASE EXCERCISE DISCRETION AND DUE DILIGENCE IN MAKING YOUR INVESTMENT DECISIONS.