Successful investors rely on data and rules, not headlines or rumors. They have a plan and stick to it religiously. My benchmarks are the S&P 500 Index (SPX) and the Nasdaq-100 Index (NDX). I buy at the Trend Seeker “Buy” signal and sell at the 50-week moving average, advises Jim Van Meerten, analyst at Barchart.
Follow this disciplined approach for decent returns and lower stress. Study the charts and signals to guide your investment decisions. Namaste. In the words of that great philosopher Alfred E. Neuman: What, me worry?
I started to get interested in investing while in college in the 1960s and began to actually buy mutual funds and stocks in 1970. I learned by making mistakes and blunders. I also read everything I could to learn not only what to do, but more importantly, what not to do.
What I learned and what I want to share with you is that each and every one of the greatest investors believed in data and rules and followed them religiously! None of them invested by headlines, trending tickers, rumors, or astrology.
They had a plan and they followed it. I have a plan and I follow it. You should have some benchmarks that tell you when to be confident and when to be cautious.
My benchmarks are the SPX and NDX. I’m confident and in the market at the Trend Seeker “Buy” signal and out with a pile of cash at the 50-week moving average. Here are the charts as of the close of the market on April 9.
S&P 500 Index (SPX)
Nasdaq-100 Index (NDX)
Please study these charts and note the entry signal – The Trend Seeker “Buy” – and the exit signal – The 50-week moving average. I make no guarantee that you will become a billionaire, but you will make a decent return, have lower blood pressure, and hopefully avoid a heart attack.
