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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.
prioritize risk control, avoid impulsive decisions, and be extra cautious in this currently weak market
Emphasis on analyzing ETFs as they indicate the strength or weakness of groups, helping in identifying leading stocks for potential investment.
There are definitely some red flags to watch out for too. First and foremost, I avoid stocks or ETFs that are clearly trending downwards.
In the latest video series, Pat Walker from Mission Winners provided an insightful overview of both ETF market evaluations
