Xavierts29: What are the best indicators to use when you are charting the market( dow jones, Nasdaq etc)?
I would like to know what the best indicators are to use when charting the market as a whole not a securty in it self but the dow or nasdaq or s&p
Answers and Views:
Answer by mohammad bilal
Flipflop type indicators or indicators which have simple flashing becoz simplicity is also an art
The S&P is most widely used. The DOW only represents 30 companies while the S&P has 500. it is a much better indication of market strength.Answer by Chief
I use the S&P because it has 500 stocks but there isn’t much different between the S&P and DOW in performance, maybe 5% in some years. NAS has the most different.
If you want to follow and learn from a retired individual that has 24 years of stock market experience, click my pic and read “About Me”.Answer by Dr.Aroon
Most defintely the aroon. You can go here to learn about it www.hicksschool.com Good luckAnswer by Jim Z
Amazing the answers you got when you asked your question.
You can use the same indicators for the most part in looking at the markets. Right now the NASDAQ has been leading the market, first down and for the last several months up. Now for the indicators. I find that the On Balanced Volume indicator is supreme, volume charts tell a lot, I also look at the momentum charts and Market sentiment charts. Each of these charts are leading indicator charts.
I look at DOW, NASDAQ, NYSE and S& P. I generally weigh the Nasdaq against the NYSE.
For entry on stocks use MacD and Stochastic charts. These charts will also give you an indication if the market you are watching is overbought or oversold. www.clearstation.com shows some of these charts, and gives you a tutorial on MAC D and stochastic.