Daily Stock Market Analysis for Week 30 Thursday - 100% Uptrend
Market trying to make new highs.
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: 138: (20%)
US New High Stocks Exceed New Low Stocks: 9: (20%)
Corporate Bond (HYG): (20%)
Corporate Bonds didn't move much higher.
Nasdaq 100 Power Shares (QQQ): (20%)
Nasdaq is trying to breakout to new highs but TSLA earnings news might pull this down a little.
IBD 50 ETF (FFTY): (20%)
The IBD is finally reversing towards positive territory
At least 100 New Highs Today out of 8000+ U.S. Socks: 138: (20%)
US New High Stocks Exceed New Low Stocks: 9: (20%)
Key Stocks - Stocks on Radar.
INDV - Position at 14.59
Day 13 - Moves higher, good sign may be it wants to run to the Earnings.
SEDG - Position at 29.15
Day 2 - Nearly got me, man let’s see how it acts today.
CIFR - No Position didn't find entry, was a good decision
PAYS - Position at 8.17
Good setup and good entry sold half already
GCT - Dude, really, didn't trigger my buy point left without me, happens, no worries, see you next time.
ATYR - I will go for it, look at the volume, something is going on. I will be very careful and go with a tight stop
EVLV - Going for this again
RZLT - Good breakout can go to all-time highs. Will look for a position
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.