LOTM: Market Readings from Finviz
October 5th, 2021
Dow Jones – up 312 Points Today
NASDAQ – up 178 Points Today
S&P 500 – up 45 Points Today
Market Reading from Finviz.com on internal numbers for Oct 5, 2021:
Up days, within down trends are for:
- Raising some cash
- Shifting to stronger RSI positions unless it is a core position and you, dollar-cost-average.
- Shifting to dividend paying names
(check out SBSW for a low p/e high dividend commodity name – though only paying 2x a year) - Shifting to Conservative Value Stocks rather than Speculative Growth.
(Buy Ideas; IBM & INTEL) - Reduce leverage.
- Trends stay in motion until a greater force (internal numbers) forces the change.
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