Daily Stock Market Analysis for Week 30 Friday - 100% Uptrend
Market still not breaking out, still on the range.
Market Outlook and Daily Stock Updates
Note:- "Understanding the overall market trend is crucial before analyzing individual stocks. If the market is trending downward, it's unlikely that individual stocks will do well. Thus, assessing the broader market behavior is important before focusing on specific stocks. I rely on a few key indicators to gauge market trends. These indicators guide my decision on whether to invest or hold cash. I assign a percentage score to each of these indicators. The total score determines how much capital I will assign to the market."
Summary of Market Analysis
Corporate Bond (HYG) (20%)
Nasdaq 100 Power Shares (QQQ): (20%)
IBD 50 ETF (FFTY): (20%)
At least 100 New Highs Today out of 8000+ U.S. Socks: 122: (20%)
US New High Stocks Exceed New Low Stocks: 35: (20%)
Corporate Bond (HYG): (20%)
Bonds are basing around and trying to break out.
Nasdaq 100 Power Shares (QQQ): (20%)
Nasdaq went to all time highs and pulled back.
IBD 50 ETF (FFTY): (20%)
IBD is pushing higher.
At least 100 New Highs Today out of 8000+ U.S. Socks: 122: (20%)
US New High Stocks Exceed New Low Stocks: 35: (20%)
Key Stocks - Stocks on Radar.
INDV - Position at 14.59
Day 14 - Doing good, just pulled back a little at the end
SEDG - Position at 29.15 STP Exit
Day 3 - Stopped me out
PAYS - Position at 8.17
Day 2 - Went all-time highs but pulled back and closed just below the last high point.
ATYR - No good stopped me out, I should be very careful with biotech stocks
EVLV - Position at 6.59
Good entry, good move, sold half already, I have hopes for this one.
RZLT - Position at 5.88
Sold half in breakeven already if it comes back, I am not worried. This is also biotech, so I can't say.
UMAC - This looks good to me, might be slower stock but can move, I will look for a position
AMPX - This looks like the volume is drying up, but it's still above the cloud. If volume picks up, this will work well.
Disclaimer:
This newsletter is intended for educational purposes only and should not be construed as financial advice. I strongly encourage you to conduct thorough research and consult a qualified financial advisor before making investments or financial decisions.