Alpesh B Patel OBE explains a monthly MACD strategy: stay in when MACD is flat or rising, ease out when falling, exit when it crosses below the signal line. He warns against leverage and notes Apple looks overbought.
You want a simple strategy for this? The monthly MACD, if it's rising, or sorry, if it's flat, you can be in. If it's falling, you should be easing outta your position. Simple as that. And if it crosses below its own signal line, its own moving average, like here, you should be out completely. Okay. Very simple. India, for those who interested, because it's been going nowhere for a while. Well, pattern recognition. See that? Until that flattens and starts rising, I wouldn't think about getting in. Seeing about 350 Indian tech companies at London Tech Week next week. Let me know if any of you are planning to attend. Their economy, their stock market's getting screwed. Are they going to IPO in the Indian stock market? Probably not. Looking at it, okay, we want to try and get them in London, or at least growing out of the UK, creating jobs here, hiring people here, paying tax here. Why would they do that? Well, because we're the fifth largest economy in the world. It's a bloody sizable economy nestled between the EU and the US. It's a good stepping stone into Europe and into the US because luckily for Britain, India is exactly the opposite end of the planet to America. It's a pain in the ass to fly directly to America. Why not have your base in the UK. That's the argument. And tap into a very large market, which is what happens, and they do set up here. Apple rising but overbought. Okay, these are just going to be for clients, so I'm going to leave these out. Every single time I've dabbed with leverage, I've been burned. Listen to Alpesh B Patel OBE. Don't do it.
