13 May 2021
Reliable platforms to monitor stocks?
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:
Support and Resistance: https://www.youtube.com/watch?v=qm90uTnxY1U
Moving Averages: https://www.youtube.com/watch?v=cSWC2WwbhHE
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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