This page has been revised and expanded considerably on 03/29/01. Hopefully all of these sites will remain open for business and free as they are now. We shall see.
Many people trade the SPX. In my view it is the most difficult to trade because it has the shortest swing moves and is the least trendy. However, with NYSE tick and trin, and real time futures prices, you have all the tools you could ask for.
I include the oils and oil service because it is the one sector with a fundamental reason to go up when the market as a whole rallies. However, you must have the discipline to buy only after substantial corrections or you will get crushed. For 20 years, we have been replacing reserves worldwide at a much slower rate than we deplete them.
I include gold stocks because they are relatively illiquid - you aren't competing against Solomon Brothers every time you trade. They are slow to react to news or gold price changes. The gold stocks give beginners plenty of time to place trades and get fills.
The Ole Ygg is not a registered investment advisor. You are responsible for your own investment decisions. Do your own research, and if relying upon advice of others, seek counsel of a registered broker or investment advisor first. The above comments are intended as conceptual discussion of market direction and technical indicators only and are not a recommendation to purchase or sell any particular security.
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