Be Careful Of Advisory Sites.

Apr. 01, 2013 7:24 AM ETSPY, QQQ, IWM, GLD

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Contributor Since 2013

Founder of StockBeaver.com Some Traders Make Their Own Luck. We Use A Beaver.

I practice caution when I encounter advisory sites which ask for money.

A proven analytic calculation for stock prices is Relative Strength Index (RSI):

en.wikipedia.org/wiki/Relative_strength_index

When I analyze a stock, I do the elbow-work myself.

I doubt that relying on buy/sell indicators from another trader is wise.

My site, StockBeaver.com, sorts stocks by RSI in a simple table.

Also the site shows you SQL you can use to correlate past-RSI-values with past-gains.

In my opinion, the best time to buy a stock is when it has a low RSI value (below 20).