The news cycle is in high gear lately, leading to some extra volatility. Traders reacting to the news are getting whipsawed, while chartists remain focused on what really matters. Price. Price isn’t everything, it’s the only thing. News, rumors, fundamentals, the Fed, government policy and everything else are reflected in price. And, perhaps more importantly, it is easier to follow price than to distill the news. As chartists, it is not our job to interpret news events or fundamentals. Our job is to set biases aside and focus on price action. We need to answer three questions in a matter-of-fact manner. What is the long-term trend? Is the ETF/stock showing relative strength? Are there any bullish patterns in play? We want to be long when the answer to all three is yes. TrendInvestorPro specializes in unbiased analysis that focuses exclusively on price action. Each week we define the big trends,…
