On one giant visual.
— StockTwits (@StockTwits) July 24, 2018
As the impact of federal stimulus fades, so should U.S. stock prices.
— Read on www.investopedia.com/news/bull-market-seen-ending-2019-after-fiscal-sugar-rush/
I would describe myself as a value investor but can recognise some technical patterns or money outflow whenever I see some.
It would appear that the S&P500 is breaking out as shown on this graph:
Equally, it would seem that a significant outflow of money has been recorded from volatility investments which had dominated the market stories in the past weeks:
Some would see these two observations as a bullish indicator. While I keep this information in the back of my head, I remain a stock picker rather than just an investor who follows the herd.
As regards technical performance, the stock has lagged behind lately and is currently trading below its 20, 50 and 100 days moving average:
Value investing requires patience: even though the stock is trading at a discount with regards to projected future earning, timing is of the essence and one would need to watch if the market recognizes the value of Western Digital before starting a position.