Friday brought some scary news headlines out of Turkey, seeing the Turkish Lira and Euro currencies drop.
Stocks also followed suit declining on Friday.
For the week, though, the U.S. equity markets were mixed, with the Nasdaq (NASDAQ: QQQ) and Russell 2000 (NYSEARCA: IWM) rising.
So how helpful is it to react to news headlines? Looking at the broader picture tells you that knee-jerk investing reactions aren’t very helpful.
In this week’s video, we discuss tuning out the headlines and focusing on the price action and trend. We share several charts, look at historical examples, and highlight current indicators and trends.
Weekly Stock Market Video – August 4
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
