Continue reading...As the year winds down, it is the time where traders and advisors take stock of what the year has brought them and what they expect from the markets to come. We, too, shall look at the charts to see what they are predicting for the new year.
This has not been an easy year for investors. As of the date I am writing this article, the S&P 500 index is trading at nearly the same level as it started the year. Buy and hold investors are either flat or more likely negative for the year due to fees.
For those without the proper knowledge, this has been a lost year because many investments were flat, and you lost an entire year of your investing life. However, with the right knowledge and strategy, this was an excellent market to profit from smaller holding periods. Actively trading these choppy markets would have netted great profits with smaller risk...
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