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How do you track the overall market? You might hear about market indexes or that the market’s up or down … But what does it all mean? And as a trader, what should you watch and why does it matter? Tune in as Tim Bohen explains why you should watch the major indexes and how to do it.
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The common market standard is that four out of five stocks follow the overall market.
What does that mean for everyday traders like you? You should always have a read of what’s happening from the bigger-picture perspective. The S&P 500 is Bohen’s favorite index to do just that.
Why the S&P 500? Just look at the name … It's 500 of the biggest stocks that are all tracked together in one index.
Why should you care? Everyone’s watching it, and that means it can become a self-fulfilling prophecy.
If the S&P 500 is breaking out to all time highs, traders tend to be bullish, and vice versa when stocks are trending down.
When you get a big sell-off, traders get scared, stop buying, and start selling. Especially when there’s a lot of uncertainty.
The market can shut off fast when that momentum shifts. If you’re not watching the S&P 500, you might not understand what’s capping your trades.
Tune in as Bohen explains how the market can show you if something’s going on in the world. For example, Bohen talks about the day of the Capitol breach and how that affected the market.
Up your trading by watching at least one index, or even all the major indexes — the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average.
Take advantage of the information available to you.

#StockMarket #Trading #Stocks

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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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