facebookWhich are some of the most reliable platforms/sources to monitor stock market conditions? Particularly, when do we know that the market has crashed now that there is so much anticipation? - Seedly

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Anonymous

13 May 2021

Stocks

Which are some of the most reliable platforms/sources to monitor stock market conditions? Particularly, when do we know that the market has crashed now that there is so much anticipation?

Reliable platforms to monitor stocks?

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What are your thoughts?

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Chris

Chris

13 May 2021

Owner and Writer at Tortoisemoney.com

Not too sure what you're really referring to but let me give it a shot.

If you want to know what's going on in the market at all times, you can keep up using Index Futures. This allows you to see how investors are feeling about the market in the near future. Futures run 24 hours a day from Monday to Friday so it's good as it allows you to get a feel for how the market might perform when it opens later in the day. Of course, futures are not a guarantee so the actual market performance might diverge from the futures movement. I use this site to track futures.

If you want to know where's the bottom or when the market is going to crash, unfortunately only a crystal ball can tell you for sure. However, you can use technical analysis and a bit of sentiment analysis to take precautions when the markets get frothy. I think supports, resistances and a few basic indicators will suffice. Here's some good videos from Trading With Rayner (a fellow Singaporean!) that I used to help me get started. He mainly trades forex and stocks, but generally, the technical analysis still applies even when entering for long term positions:

  1. Support and Resistance: https://www.youtube.com/watch?v=qm90uTnxY1U

  2. Moving Averages: https://www.youtube.com/watch?v=cSWC2WwbhHE

  3. MACD Indicator: https://www.youtube.com/watch?v=eob4wv2v--k

As for sentiment, you can use the ^VIX as an indicator and/or the Fear & Greed Index. Telegram groups are also a good way to gauge sentiment on the ground regarding fear and greed among retail investors.

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