perhaps a simpler approach is the Point and Figure methodology which is probably the oldest in investment methodology. It helps you determine three things; 1. what is the risk level of the total market. 2. what sectors are performing best relative to all others 3. What is the risk level of individual stocks within each of the best sectors.
The foundation of the method is relative strength. I find it very helpful, once learned. just a suggestion. Many books/sites availble to teach it.
Commodity ETFs Overbought; Gold Least So [View article]
"short term pullback" is not necessary to adjust "overbought" as defined by the author. If the stock simply slows the speed of acceleration (continues to increase at a slower level), it will eventually not be overbought statistically.
Tactical Asset Allocation, Part I [View article]
It helps you determine three things;
1. what is the risk level of the total market.
2. what sectors are performing best relative to all others
3. What is the risk level of individual stocks within each of the best sectors.
The foundation of the method is relative strength. I find it very helpful, once learned. just a suggestion. Many books/sites availble to teach it.
ETFs For the Bear Market [View article]
Good article. Thank you
Commodity ETFs Overbought; Gold Least So [View article]