Ep 147: Joe Fahmy: Selling Rules Critical For Portfolio Gains
Investing With IBD
00:00
How to Test the 200-Day Moving Averages
This is the first time we've tested the 200-day since April of 2020. Sometimes you're going to have that kind of normal short covering rally and then you might resume the selling, so be patient. 90% of what I use to judge the health of the market is the price action of stocks, especially growth stocks. Right now, however, we're below that 50-day and there's not a lot of stock setting up, so that's what overrides when we're around that 50- day.
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