I have been in Spain since early September, which is why you have not seen me in these pages for a while.
Since our last note for Advisor Perspectives, we have seen some more stock market volatility.
We have had a rally in equities, and successfully traded Biotech on the way up, per our last article.
This is a quick market update for readers of Advisor Perspectives.
In our last Advisor Perspectives article we discussed the possibility of a market rally and suggested our favorite way to trade it was Biotech, likely IBB (iShares® NASDAQ Biotech ETF).
As Technical Research Analysts, we monitor indicators of internal stock market momentum, sentiment, and the like rather than studying individual company fundamentals.
Last week we wrote about using Stochastics with moving averages to help on the selection of stocks either as new sell or buy ideas.
The Stochastic Oscillator (Stochastics) is one of the commonly used technical indicators by market participants.
Let me take a minute to introduce myself and my publication The FRED Report.