Even though I am 100% cash, i am carefully looking at some of the True Market Leaders (TMLs) that I have traded recently. These act great during the correction and could provide an actionable buy points. Here is the list of names. NASDAQ:SMCI NASDAQ:NVDA NASDAQ:META NYSE:ANET PRO TIP: I always use 2 alerts - one which is above the pivot and one...
WEEKLY FOCUS LIST Here are the names I am looking at this week. I am not excited after my weekly screening session but this is what looks best APLS FLNC LTH NUVL PGTI PTGX SWAV VRRM Hit me in the comments if you like to play any of them?
🚨🚨 ONE LINER 🚨🚨 Attention, traders! The Volatility Index ( TVC:VIX ) is approaching an 18-month low, which could indicate a strong bullish signal for the market. Background : Two months ago, in December 2022, I discussed the significance of the VIX dipping below the 20 level as a key milestone for a bullish market. Today, I want to dive deeper into this topic...
I really like the way ATAT is acting. Here is my note from this moring: $ATAT appeared to be one of the more promising opportunities at the beginning of the week. Although it experienced some decline on both March 8th and 9th, it managed to maintain a position above the critical lower limit of its base, represented by the red line on the chart. Compared to the...
Volatility in many times in the market is bad and the stock market is a mirror of the economy. When you go back prior to the Great Bull Market (1980s), you wll see that there were very wide swings in real GDP. These are the Boom and Bust cycle. Now, as the FED evolved its policies it learned how to contain the market and flatten the Boom and Bust cycle and...
Grabbing a pilot position into MSI (telco) RS rating is lower 84/100 Industry group is lower 125/197
I am updating for 2nd time the SignPost after the Whaley Post. Make sure you see the section related ideas under the main text to this idea. This will show you links with timestamps of the first time I wrote about it a month ago. So far the action has been to the point of my expectations. I will use this chart further on during the year to see how it moves.
Linking to my idea from 25 FEB - AAON has moved great on +500% Volume increase at the highest volume in the last 2 years. Lets see how hte follow through action would look
Looking for the stock to consolidate at the alert level (cyan color). If it breaks out of there I think this would be a good stock (around the red arrow). This is what Jessie Livermore called the Line of Least Resistance
I am updating how we are progressing on the post I shared on 4th of FEB So far the action is normal compared to historical precedents. Read the linked post. My anticipation is that we can go another 3% lower from here. I wil use this signpost as a map for the year unless we start getting large deviation from it.
What can help us guide forward expectations? According to the Whaley Breadth Thrust Signal there is Normal and Abnormal action FIRST 6 WEEKS (end Feb) - 3-5% pullbacks would be normal FIRST 12 WEEKS (end Jul) - Forward Gains are approximate 12% - 5-6% pullback would be normal 6 MONTHS Forward - Forward Gains are approx +17% I HAVE MADE THE WHALEY...
Constructive setup of a Cup with Handle 98/100 Relative Strength Sep22 - Dec 22 - Massive increase in Institutional Ownership (+370 new Funds /40%/)
This is what we want to see from stocks and this is what real alpha looks like. I want to see more and more names act like this one
PFGC had a nice breakout on 26JAN Adding it to my watchlist this week
JANUARY HAS A PROVEN PREDICTIVE POWER FOR THE END OF THE YEAR WHY THIS MATTERS This indicator has been 90% correct since 1950. It is used on the SP500. BY THE NUMBERS The January Trifecta (def below) has occured 31 years since 1950. 28 of them we have followed with positive year for SP Average gain during January Trifecta is +17% If January...
While the general market indexes has been unconstructive (top chart) the stocks underneath the service are improving (bottom chart). In this case we are looking at the stocks in the SP500 that are above their 200D MA (Picture is similar for the Nasdaq) - this is a bullish indicator and the reason why I am starting to dip toe in the water. Remember this is was...
I have covered this in my education blog, but here is a great example of a Climax Run Stock Checklist ✅ Price looks almost vertical ❌ Run occurs after at least 18 weeks of the first base. (This run is 5 weeks after first base) ✅ Rapid advancement +180% ✅ Last 8 days before drop was 7 out of 8 days up ✅ Last 2 trading days we saw the largest trading range ❌...
On Thrusday an important momentum thrust indicator gave a buy signal with NYSE advancing stocks leading declining stocks by better than 1.91 to 1 over the last 10 trading sessions. The Thrust has been backtested by NDR (Ned Davis) and we can see very impressive statistics. I have developed an indicator for this and it is available in my profile. Here is the link too: