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Are you holding “value” or “growth” stocks? Value stocks are maintaining an uptrend while growth stocks are in a downtrend.
Across the broad market stocks, in general, seem vulnerable to another downturn if the market drops below its current support level.
If it closes below the current support level you can expect a possible drop of another 2% to the next support level.
With earnings season starting in earnest within the next two weeks or so, you can expect increased volatility while earnings results and projections are digested.
Be certain you know when earnings announcements are scheduled for your stock holdings so you can take appropriate steps to protect profits or protect your portfolio.
The market focuses on different strategies at different times. As mentioned above, value stocks are currently in favor.
Watch this video to learn how to easily perform this type of analysis yourself and in turn trade or hold the types of stocks that are currently in favor.
Holding only stocks that are in favor and avoiding the rest is an easy method to improve your trading and investing results.
Comments are always welcome.
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