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Stock Market Pundits, Analysts and Prognosticators…”You’re Fired”!

November 14, 2016 by Don Roth

They sure all got it wrong again. What 5%-10% correction in the days following a Trump victory? What a bunch of morons.

When will they learn that it is IMPOSSIBLE to predict the market.

I prefer evidence based investing.

This is what I know to be true…

There are inflection points in price action that can be taken advantage of. These inflection points can virtually pinpoint turning points in price like the bottom in 2003 and the bottom in 2009. These inflection points can also be used to trigger the secret weapon…drum roll…classified information…the SELL button.

The SELL button is used to limit losses or harvest gains. Most people don’t know how to use the SELL button. You will be way ahead of everyone else when you master the art of selling.

When one understands how to identify the inflection points the whole process of buying and selling becomes so much easier. For me, it makes it easy to know when I am right and when I am wrong. There is tremendous comfort in that.

A Trump or Clinton victory is not an inflection point because there is no evidence to support that claim.

I am sure you all know what the Dow, S&P500 and Nasdaq did this week so I won’t bore you with old news.

Let’s look at the inflection point triggers I have received recently from my new and improved automated alert contraption. I even got an iPhone7 so I can text silly videos.

Seriously…here are some definite opportunities…

Schwab US Aggregate Bond ETF (SCHZ) weekly

schz-2016_11_11-w
(click chart to enlarge)

Goldman Sachs (GS) weekly

gs-2016_11_11-w
(click chart to enlarge)

Vanguard International Bond ETF (BNDX) weekly

bndx-2016_11_11-w
(click chart to enlarge)

Facebook Inc (FB) weekly

fb-2016_11_11-w
(click chart to enlarge)

Global Social Media Index ETF (SOCL) weekly

socl-2016_11_11-w
(click chart to enlarge)

Post Holdings Inc (POST) weekly

post-2016_11_11-w
(click chart to enlarge)

Dow Telecommunications Sector Index ETF (IYZ) weekly

iyz-2016_11_11-w
(click chart to enlarge)

Belgium Index Fund ETF (EWK) weekly

ewk-2016_11_11-w
(click chart to enlarge)

Alibaba Group (BABA) weekly

baba-2016_11_11-w
(click chart to enlarge)

That’s enough for now…

Trade Smart,

Don

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Don Roth

Don Roth, Smart Chart Investor

Recent Market Updates

  • Blow Off Top?
  • Major Announcement!
  • Trade Alert (BE)
  • Important Notice
  • Weekly Market Commentary and Pre Announcement

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