Turkey’s Central Bank Head Says Crypto Regs Coming, Denies Total Ban Ahead – Yahoo Finance

Turkey’s Central Bank Head Says Crypto Regs Coming, Denies Total Ban Ahead – Yahoo Finance

Bloomberg

Sell Signals All but Useless in Unchartable 2021 Stock Market

(Bloomberg) — If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.“All the overbought and oversold indicators, mine as well as anybody else’s, didn’t get many buy signals, but
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