Thursday, September 16, 2010

Investor’s Business Daily Market Pulse

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Every day, you want to follow the Investor's Business Daily Market Pulse. You'll find it in every issue of the IBD in the Big Picture column. The market pulse will include a summary of the days action, the current market outlook, how many distribution days are weighing on the market. You'll also find the market leaders that might be up or down that particular day.

By far the most valuable feature is the current market outlook. As a CANSLIM investor, you only want to invest when the market is in a confirmed uptrend. The editor's of the paper make it easy to determine what that is. What I like to do is look at the market indexes myself before I read the paper to see what I think happened in the market today. I then also watch the IBD TV Market Wrap video to see if I was right.

I think the next most valuable feature of the market pulse is that it identifies the market leaders for you. If you aren't certain who the leaders are, look here each day. A front page mention of a stock shouldn't be taken lightly. Keep an eye on those stocks for later. Consider adding them to your watchlist.

If you start reading the market every day, you'll be able to tell what the Big Picture column is going to say before you read it. Even then, you'll discover little nuances to determining market direction, like when distribution days fall off, what follow through days look like and more.

Reviewing the IBD Market Pulse should be the first thing on your daily stock market investing checklist.

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