Technical Thoughts: Does The Market Have You In A Straight Jacket?
Written by Jeff Miller, A Dash of Insight
– this post authored by Mark D. Hines
Our previous Technical Thoughts asked the question: Is technical damage driving this market? We noted that the S&P 500 had broken critical technical support levels, and it sank further below its closely-watched 50-day and 200-day moving averages, and it hit a new low for 2018. However, we encouraged traders to remember that markets are driven by both technicals (often in the shorter-term) and economic and fundamental factors in the longer-term. Further, keeping technicals, fundamentals and economics in mind, traders should be sure to follow a strategy that is consistent with their personal needs and goals.
This Week: Are You Staying Sane In This Crazy Market?
Source: http://econintersect.com/pages/investing/investing.php?post=201901110246
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