By scanning these charts, we can quickly see where the potential opportunities are and, just as importantly
Walker recommends focusing on a manageable portfolio of 7-10 stocks and avoiding day trading. He stresses the importance of earnings season and suggests using price
Look for those trading above their 50-day moving average and trending upwards. Breakouts from consolidation patterns like bases or cups with handles might signal buying
The message here is simple: avoid chasing stocks or ETFs below their key moving averages. Let’s move on.
I then provided examples to illustrate these points. ETFs like IYW and XLK were highlighted as sectors to avoid due to weak performance.