(Great to see such a strong response for the InvestingTeacher.com Private Beta Launch. We flew through the first 100 keys in less than one hour and had to extend the limit to keep up with demand.
If you did not register yesterday, but still want to be a part of the free private testing, do not worry, you can still join us! Head over to the Investing Teacher homepage and enter your email to join the waiting list. We will begin letting in more users later this month.)
The market slipped a bit further today after the FOMC statements failed to spur excitement. From Yahoo Finance, "The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled further bond buying could be in store to help a U.S. economic recovery that it said had lost momentum this year."
We now have had three days of small pullbacks after last Friday's massive upswing. Unfortunately nothing has changed technically and we remain in the support resistance scenario.
To combat the dull market action, tonight I have a summary of Barry Ritholtz's collection of the "Top 10 Investor Errors". All of these are worth a quick read through and serve as a good reminder of what to look out for in the market:
1. Excess Fees
2. Reaching for Yield
3. You Are Your Own Worst Enemy
4. Asset Allocation vs Stock Picking
5. Passive vs Active Management
6. Mutual Fund vs ETFs
7. Neglecting the Long Cycle
8. Cognitive Deficits
9. Past Performance vs Future Results
10. Not Getting What You Pay For
With that aside, updated market indices are below alongside a look at Apple (AAPL). See you back here tomorrow.
And a look at Apple's (AAPL) Cup & Handle formation courtesy of my MarketSmith account.
Was curious to know if the AAPL chart is from Marketsmith's Pattern Recognition? thanks.
Yes it is. The add-on is pretty cool I must say. Once you get the hang of CANSLIM most of the patterns are recognizable anyway but the tool helps to keep them in check.