In this week’s episode of State of the Market, Chief Income Strategist Marc Lichtenfeld covers moving averages.
These are powerful technical indicators that estimate short- and long-term trends to help you make better buy and sell decisions.
Even if you don’t consider yourself much of a technical trader…
You probably encounter these data points on a daily basis.
You’ve probably even cited them.
They can predict when a stock’s share price is going to pull a reversal, helping you nab windfall trades in a matter of weeks or months.
But there’s a catch…
Many investors buy into myths about moving averages. And as a result, these investors misuse them and lose money, or they aren’t even looking at the correct signals.
As Marc always says, technical trading is NOT an exact science or a crystal ball – but it can lead to more frequent and predictable moonshot gains.