StockFetcher Forums · Filter Exchange · Chicken and Egg: Technicals, news and Market conditions<< >>Post Follow-up
the_trade123
107 posts
msg #73138
Ignore the_trade123
3/29/2009 9:24:30 PM

I am not sure how to put this. But usually which one precedes which? When does news come out about a company that it is strong etc? Are news items before the stocks start showing positive signs like macd improving, rsi improving or is it that once news comes out, the technicals start showing up?

Another aspect is the effect of market news. This can jolt even stocks with good technicals and good news one way or other. So when you think about it, how much statistically, would technicals even matter? One may spend 2 hrs sifting thru stocks and then find the next day morning, someone says something and market tanks, and all the technicals are void. Then you sit the same day look for stocks that have gone up purely based on technicals, mostly the ultra short etfs would be top of list (if you are lucky you will find some stock that has gone up that day) and then the next day, when market recovers from the tanking, these same etfs would tank.

So it is the broader market conditions that determine how good the stocks perform, even if technicals may look shining. Any other views/ideas?

the_trade123
107 posts
msg #73139
Ignore the_trade123
3/29/2009 9:26:43 PM

I realized may be this should be in general discussion section

acfncp3
59 posts
msg #73191
Ignore acfncp3
4/1/2009 9:13:18 AM

I think news trumps technicals ... for example during earnings reports it doesn't really matter what the tech signals are saying it all depends how the market reacts to the earnings report.

StockFetcher Forums · Filter Exchange · Chicken and Egg: Technicals, news and Market conditions<< >>Post Follow-up

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