We have 5081 tradable Common stock as April 12th 2021.
I believe the best trading opportunities occur when the Market , Sector, Industry and the stock itself is experiencing a bullish situation.
In the past 3 weeks, Dow Jones and S&P 500 reached new all time highs, and Nasdaq reached back to the Feb 16th 2021 level. But this is not the whole story.
It would be beneficial for all of us to look at the market performance in general
with more details:
Let’s look at performance of the stocks regardless of their weight and market cap.
- 3273 negative weekly performance (64.41%)
- 3445 negative monthly performance (67.8%)
- 1594 negative year today performance (31.37%)
- 624 negative yearly performance (12.28%)
When you see 67.8% of the tradable stocks in the market had negative performance while major indexes reached to new all time highs, there is only one reason for that and that is money has shifted toward Ultra high market caps and High market caps stocks. Moreover, trading volume has been decreased significantly.
So we have to adjust our expectations and our trading strategies for this new reality in the market..!
Moshkelgosha
I believe the best trading opportunities occur when the Market , Sector, Industry and the stock itself is experiencing a bullish situation.
In the past 3 weeks, Dow Jones and S&P 500 reached new all time highs, and Nasdaq reached back to the Feb 16th 2021 level. But this is not the whole story.
It would be beneficial for all of us to look at the market performance in general
with more details:
Let’s look at performance of the stocks regardless of their weight and market cap.
- 3273 negative weekly performance (64.41%)
- 3445 negative monthly performance (67.8%)
- 1594 negative year today performance (31.37%)
- 624 negative yearly performance (12.28%)
When you see 67.8% of the tradable stocks in the market had negative performance while major indexes reached to new all time highs, there is only one reason for that and that is money has shifted toward Ultra high market caps and High market caps stocks. Moreover, trading volume has been decreased significantly.
So we have to adjust our expectations and our trading strategies for this new reality in the market..!
Moshkelgosha