I have been back for a while but have been really busy to update this blog. In addition to that MSN screener that I used to scan for stocks is no longer available. Currently, I am looking at few other businesses to start in Nepal and am busy working on the business plans.
Here is a simple strategy that should beat the market. We are in a bull market now and the best bet is to buy pullbacks. Wait for the S&P 500 to touch the 65W EMA and buy one of the indexes (SPY, DIA, QQQQ, IWM) using margin. Once S&P goes up by 80 points, sell some so that you are not using margin and hold the rest. Then you wait for another pullback. Your stop is 6% below your buy price.
Currently, S&P 65W EMA is at 1020.
