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| | | | No one wants to say that the market is in a bubble, and I get it.
The term has been overused.
But as I watch the S&P 500 and NASDAQ drift higher, I can't help but notice traders throwing themselves into the same stocks and really driving their prices higher.
To be a successful trader in this market, you cannot just sit by and ignore the warning signs.
| | | | How These "Timeless" Companies Are Handling The Financial Crisis | There are many people out there who are suffering financially right now, but this economy isn't just affecting individuals…
In the business world, the greatest impact has been on what I consider to be "unnecessary" companies. These are usually the ones that offer us our WANTS instead of our NEEDS. Companies like Brooks Brothers. These are what I consider to be "wants" companies.
On the other end of the spectrum are the 21st century companies that offer us at-home convenience. Selling us products we can use everyday. This is why online giants like Amazon are continuing to see their numbers go up. | *clicking these links will automatically subscribe you to Joy of the Trade emails | | | "Roger, I like your professionalism, integrity and dedication to clients."
Vincent R.
| | | A Head and Shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. The head and shoulders pattern is a specific chart pattern that predicts a bullish-to-bearish trend reversal and is believed to be one of the most reliable trend reversal patterns. | | | Past performance is no guarantee of future results. There is a very high degree of risk involved in trading.
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