Daily Stock Market Analysis for Week 27 Monday- 100% Uptrend
Market breaks all time highs, moves higher.
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: 140: (20%)
US New High Stocks Exceed New Low Stocks: 58: (20%)
Corporate Bond (HYG): (20%)
Corporate Bonds gets to all time highs and pulls back at the end of the day
Nasdaq 100 Power Shares (QQQ): (20%)
Nasdaq is at all time highs, hope it continues further.
IBD 50 ETF (FFTY): (20%)
The IBD is going higher.
At least 100 New Highs Today out of 8000+ U.S. Socks: 140: (20%)
US New High Stocks Exceed New Low Stocks: 58: (20%)
Key Stocks - Stocks on Radar.
LAUR - position at 22.50
Day - 6 did reverse on right direction, volume coming in hope it pushes higher than the range.
ISSC - Position at 12.70
Day 3 - Moves higher to all time highs
SGHC - Position at 9.87
Day 3 - Good move time to move stop to breakeven.
PARR - Same error as NAGE, look volume is drying out, it is struggling to keep up the pace… got stopped
LASR - Position at 18.41
Day 2 - Good setup and good move sold half already.
LINC - Good volume pickup, there must be something going on, I 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.