Download AN PROFITABLE OBSERVATION. In analyzing the stock market, should

AN PROFITABLE OBSERVATION.
In analyzing the stock market, should you look at daily or weekly charts?
Buying shares on an intraday basis is what day traders do. They have their weather born trading strategy
that they have used for years, a strategy that gives them good profits. However, there are many
investors who simply do not day trade. They have jobs, earn a comfortable salary and are continually
looking for solid growth investments that will give them a comfortable yearly return. In analyzing the
stock market, identifying a share to buy and hold, I have found that looking at a share on a weekly basis
has given me a greater return than looking at a share on a daily basis. The program I use to analyze the
market is Omnitrader. The indicators that trigger a buy and sell signal is an RSI 14 period and the JM
Internal Band. The JM Internal Band is a 15 period simple moving average offset by 2% positive and 2%
negative. A move above the upper band suggests a BUY and below the lower band a SELL.
At the start of every month both spreadsheets start from Zero.
The chart in Figure 1 is an Excel spreadsheet of trading for the month of March 17th. At the start of each
month, the spreadsheet was zero.
In both cases I have limited the number of shares purchased to 5 only. In January the Daily spreadsheet
gave a profit of $204 whereas the weekly spreadsheet gave a profit of $336. In February, the daily
spreadsheet gave a loss of $260 while the weekly spreadsheet shows a profit of $548. To date in March
17th, the daily stocks show a loss of -$1142.00, -7.24%, while the weekly spreadsheet has a profit of
$895.00, 9.90% of total invested. Note also that the buy triggers of the program suggested an
investment of $15773.00 for the daily chart while the weekly investment was $9039.00.
The chart in Figure 2 is an Omnitrader chart of Sunridge Gold Corp. The chart shows that the JM Internal
Band strategy gave a BUY signal on March 17th while the Aroon Indicator gave a BUY on March 14th. The
RSI indicator is trending down, which is why I only purchased the share on March 17th. However, I shall
be including the Aroon indicator in the future if it continues to out perform.
The chart in Figure 3 is a weekly chart of ING Intl High Dividend Equity showing that the Aroon Strategy
gave a BUY on January 23rd, while the JM Buy was on March 17th.
Following the present Omnitrader strategy, namely JM Strategy and RSI 14 period strategy, has given
acceptable weekly profits but losses on daily analysis. Is this suggesting that weekly analysis is the way
to go? I shall be including the Aroon strategy from April 1st on both the daily and weekly charts and
determine whether profits will increase and hopefully on daily charts as well. What is troublesome is
that the weekly strategy gives better profits than the daily strategy, but then, working on a weekly
strategy, I will have more time to play golf on weekends with President Trump. Have a good giggle.