From Tadas Viskanta of Abnormal Returns:
One of the mistakes novice investors make is that they think they need to stay on top of all of the news that gets generated. They plow through the Wall Street Journal everyday, spend hours with a copy of Barron’s on the weekend and keep financial television all day. The problem is that there is little correlation between keeping up the financial media and actual performance.
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Posted by: Andy Hyer
The chart below measures the percentage of high relative strength stocks that are trading above their 50-day moving average (universe of mid and large cap stocks.) As of 6/23/15.
The 10-day moving average of this indicator is 76% and the one-day reading is 86%.
This example is presented for illustrative purposes only and does not represent a past recommendation. The performance above is based on pure price returns, not inclusive of dividends or all transaction costs. Investors cannot invest directly in an index. Indexes have no fees. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss.
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Posted by: Andy Hyer
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