It must a professional habit. I look at patterns. I see prices move. I read a lot. All this information is stored in my brain. I do not act on it. Just sits there. In my brain.
Suddenly, slowly and steadily, I find myself looking more and more at some screens. Then I know I may have found something interesting.
This is what I have been doing often in the past several days. I look at the market futures, early in the morning. They are suggesting -- as of now -- we may have a weak opening. I learned not to trust this info. Is useful, but I do not make buy or sell decisions based on it.
Then I look at commodities. This morning they are weak. I found myself relying more and more on the trend of commodities to understand the mood of the market. They confirm the market is likely to be weak because more often than not they move in the same direction.
Am I right? Wrong? I do not know. What I know is that this is a pattern I will continue following. It is one of my mental habits.
Have a good day!
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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