Friday 23 October 2015

Top Tweets Today: 23/10/2015

With all this talk about poor performance I thought it would be fair to give some commentary on stocks that have done well over the past year. Nike has followed on the lead from its logo and just did it outperforming every other component in the Dow Jones Industrial Average putting up a solid 38% returns year to date.

But technical analysts aren't bullish at current levels saying that after such a sustained run it would be better to pick up this stock on the pullback. Even the fact that the price has reached the upper limit of a measure that works out the difference between price and it's 200 moving average which would suggest the stock is ripe for the sell.
StockTwits highlighted an important point when it comes to trend trading and that is when a trend breaks the security which you are trading may become very difficult to trade or even worse may plunge/surge, depending on the position you take, to levels that could wipe you out.

I've spoken about Valeant in detail this week so I wanted to use another example to stress the importance of risk management when trading. Sketchers returned an exponential return of 835% in just 3 years but all those were returns would have been given back had you not monitored the situation properly and placed stops levels at crucial testing points.
Good day for tech companies who started the day all above 9% as Wall Street continues it's buying frenzy from yesterday. All three companies reported earnings better than forecasts with investors buoyed to get their hands on some. Amazon surprised many with a good beat after we saw rivals Walmart sink last week on poor performance. They clearly didn't share the same sentiments.
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