RE: Beginners Questions
Question: Where is a good online resource to get charts for overall sectors and sector sub-groups?
For example, I recently took a small short position the other day in McDonald’s (MCD). It looked to me that it was entering a Stage 3 and about to go into a Stage 4. I now realize that conclusion was WAY too premature (since the MA is not yet falling), however, another mistake was that I forgot to check how the overall sector (Services) and sub-group (Restaurants) is performing since I shouldn’t be shorting MCD if the Services sector and/or Restaurants sub-group is in a Stage 2.
Anyone have a good resource where I can get this info at-a-glance? I have StockCharts already so if it's available there that would work too.
Thanks!
I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over again in my life. And that is why I succeed. - Michael Jordan