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Sunday, December 13, 2020

Stock futures at the moment are goin up and we have an idea to get a percentage on each of the major US stock market boards

       Stock futures are climbing at the moment before the US stock markets open on Monday 12/14/20 and here is the stock futures: DOW is up by .54 percent, the S & P 500 is up by .48 percent and the NASDAQ is up by .37 percent.    The percentage idea that we are thinking about is checking it against the Relative Strength Index on all three of the major US stock market boards.     When the Relative Strength Index goes through a recent bottom out and when it peaks on these three major US stock market boards.

       Then we can use that to gauge by percentage of when these US stock market boards are getting closer to a peak and then use it as a guide to examine stocks that are approaching a peak on the MACDs.

       By using this method we can look at stocks that are peaking when we know that the percentages are moving much closer on all the US major stock market boards.       So we are going to be checking throughout the bottom outs and peaks upon the Relative Strength Index and create a data chart.

       Started creating the chart on the DOW as the last recent peak was on 11/16/2020 when it peaked at 68.38 on the Relative Strength Index and the closing price was at $29,950.44 for the DOW.

       The date before that on 10/28/2020 was when the DOW had bottomed out on the Relative Strength Index at 30.62 and closed at $25,519.95.      From the $29,950.44 peak price and the $25,519.95 bottomed out price, between that time frame the DOW gained by percentage of 1.129355070428112.

       We had gone through the last 5 peaks and bottoms on the DOW and the percentage has been ranging between a percentage high of  1.163296429620776 and a low of 1.070082866838672.

       By keeping an eye when the DOW begins to move towards the the percentage of around 1.07 will then tells us when its nearing another correction coming up and examine stocks that are being held to check the performance on the MACDS.     Look at which ones to sell off that have increased in profit to build up extra cash to look at purchasing into other stocks by using the Relative Strength Index.

      Finding ones that are below the 40 percent threshold on the Relative Strength Index and then examine the MACDs for stocks that are showing a driving momentum sending the price up on the stock.      Here is another update on the stock futures: DOW is up by .60 percent, the S & P 500 is up by .52 percent and the NASDAQ is up by .37 percent at 6:40 pm PST.

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