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Even as the market continues to nosedive investors feel increasingly nervous about living through it. This is particularly true for people in retirement or approaching it, since recent market drop has threaten the comforts of their existing lifestyle. While it’s never fun to see your portfolio take a hit, losses are a normal part of investing. We should spend more time planning for volatility and potential losses than trying to predict the downturn. All this have been explicitly explained in my materials. Part of that planning includes running a safety-net analysis. This allows you to understand how long you can withstand a downturn. Here are 3 steps to consider. Step 1: Make a list of all income you expect to earn outside of your portfolio. Total all nonportfolio income you expect to receive over the next decade–such as pension payments etc Step 2: Estimate a yield on your portfolio. You can get a little creative here, but it’s important to remain conservative. Step 3:...

Support and Resistance are technical words used in technical analysis in stock, forex, commodities etc. Support and Resistance is a concept that the movement of the price of a stock will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level. Support levels are where demand is perceived to be strong enough to prevent the price from falling further, while resistance levels are prices where selling is perceived to be strong to prevent prices from rising higher. Support and Resistance levels are psychological important levels where a lot of buyers and sellers are willing to trade the stock. When trend lines are broken, the market psychology shifts and new levels of support and resistance are established. Investdata Academy.

Investors Look To Earnings Season For Strong Recovery Moves By Nigerian Stocks Nigeria Stock Exchange on Thursday had what could be described as a tsunami to kick start the month of March on a negative note as it wiped out the gains of previous day. The day started with a marginal gap up in the morning followed by a sharp decline in the mid-morning session to afternoon to reverse the sharp rebound of February’s last trading session near resistance. The bear wedges formed were reduced slightly in the last trading minutes to close the day. The sharp pullback witnessed during the trading session were due to value losses by high cap stocks after the index had broken the symmetrical triangle chart pattern to trade above the 20-Day Moving Average in the previous day. The index hit intraday highs of 43,366.29 from lows of 42,628.21 before closing at 42,843.38. Market technicals for the day were negative and weak, with selling pressure of 71% on low volume traded, while buying posit...

I want to express my sincere gratitude to all those who came to the Chart Summit not because they showed up but due to the fact that take burned all bridges of doubt and failure to attend. In addition, they also had fears and doubts about the recent changes in the stock market but they understood that it better they equipped themselves than to assume because they understand that plans fail for lack of counsel but with many advisers they will surely survive. For those that did not attend, I want to congratulate you too because all is not lost. I really understand why you did not attend which are normal things in our everyday life i.e -doubt, -inaction, -indecision, -procrastination, -comfort zone, -not willing to take risk,           - excuses, -low resistance -I know it all -you are already an expert -for the big boys it is too cheap. -no cash as at then. However, all is not lost because I will be releasing the USB of the Chart Summi...

Nigeria's equity market started the week on a scary note on Monday with the composite All-Share index plunged from the opening of the day's trading session in continuation of last week's correction wave to record the highest loss position in the last six trading days of down market. It had a 6-wave decline, and by midday rallied off on the strength of Dangote Cement's gain to reduce losses, after touching intraday highs of 43,198.00 from lows of 42,080.55, which it rolled over, closing the day at 42,737.89. Trading for the day reflected market players’ fear and panic selling which was as a result of extended negative sentiments of corrections.   With this in mind, as we said on Friday, the psychology always changes when stocks go down. At this point many search for stories to fit the price, trying to raise up a negative scenario unfolding for the market. Having been involved in the market for more than 15 years, I have seen, within short and long term cy...