If you thought January was volatile, take a look at the February forecast

a lot of traders are feeling pain

February 1, 2022: If you thought January was volatile, take a look at the February forecast After an extremely volatile month, a lot of traders are feeling pain and fearing what is ahead. Don't let that be you. Trade what you see instead. Use indicators that are proven to you to be reliable based on experience. There are a variety of good indicators one can use. The 50 day and the 200 day simple moving averages are some of the most popular and easiest. They are important to everyone because practically everyone looks at them to make decisions. It's not because the market magically likes the 50 day or 200 day. Look at the QQQ. At this point, it's reasonable to assume the QQQ will bounce off resistance at the 200 day. On a second attempt at some point in time, it will likely move back up and through the 200 up to the 50 day, where it will again meet resistance and head down before moving back up.

How long will it take to do this? I say it will take the better part of February. The problem with the 50 day and 200 day moving averages is that it takes a long time for trades to set up. We're talking months. Instead, look for consistent patterns and momentum in stocks in smaller time frames. That's what I like about the RoadMap software and its scans. Not only does it simplify a complex market for me, this tool does the heavy lifting with its scans. For example, HAL — What a great trade:

Give it a listen. I think you'll learn a lot from a tool that encapsulates over 40 years of experience. Sincerely, Celeste Lindman Ask The Pros

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