Mike Swanson from WallStreetWindow was so kind as to interview me again. The market is approaching a critical juncture, so we discussed the current strength of the rally in the markets and what to expect next.
Is the bear market over or is the worst yet to come?
Tischendorf Letter Interview: Forecasts vs. Managing Risk – mp3
The interview is also available on Mike Swanson’s website:
http://wallstreetwindow.com/node/12765
At times I do indeed have very strong opinions. But the key to successful trading is flexibility and adapting to changing situations. That simply means letting go of strong opinions as soon as the market provides us with enough clues that do not confirm previous assumptions.
My friend David Shvartsman nicely summarized the essence of the interview above in the following two tweets:
Most people want to know:
a) Where is gold (price) in 2 years?
b) Where will market be in 2 weeks?
c) Next 10-bagger stock.Forecasts.
— Finance Trends (@FinanceTrends) March 9, 2016
“Trading is not about predicting. You have to monitor stocks, find new leaders and take an initial position. Manage risk.” – @Tischendorf
— Finance Trends (@FinanceTrends) March 9, 2016
You can follow David Shvartsman on Twitter and read more of his work on his website:
https://twitter.com/FinanceTrends
http://financetrends.blogspot.com
Last week I produced an extensive Video market review for my members. The sectors that are most likely to propel the indices higher were highlighted. The S&P 500 is following the best case scenario and is displaying extreme strength.
Click on SPY – S&P 500 ETF chart to enlarge:
The S&P 500 is now simply displaying way more strength than most traders would like to admit.
The market is already producing a new crop of stocks that have ‘The Look’. Some of them are printing New All Time Highs and odds are high they will develop into New Market Leaders. This weekend we will take a close look at the best and strongest stocks in the market:
Join the Tischendorf Letter Premium and get exposure to new market leaders!