Red Flag, Stocks to Watch and Tactics
The market has been very volatile in both direction after the down move since Black Friday. I have explained in detail in the Sunday's webinar since 5 Dec because Wyckoff phase A is still unfolding.
I have also mentioned deterioration in the market breadth, which is a red flag in the market several times. Take a look below how the market breadth behaves before a stock market crash if you haven’t:
Just in case you are wondering why the stocks in your watchlist have a huge draw down yet the indices like $S&P 500 Index(.SPX.US$ $Nasdaq(NDAQ.US$ $Dow Jones Industrial Average(.DJI.US$ are still a few % away from all time high, you might want to check out the stocks that will make or break the indices where those 5 - $Apple(AAPL.US$ $Microsoft(MSFT.US$ $Amazon(AMZN.US$ $Tesla(TSLA.US$ $NVIDIA(NVDA.US$ accounted for 40% in the Nasdaq 100:
Watch my detailed market analysis (fresh out from yesterday live webinar) with the focus on S&P 500 where you will find out:
1. How to interpret the FOMC bullish momentum bar
2. The "honest bar" that revealed the direction
3. The key levels and the likely scenario to happen.
2. The "honest bar" that revealed the direction
3. The key levels and the likely scenario to happen.
This is a bifurcated market given the current market condition.
- Potential long: a handful of stocks in the strong sector such as $Real Estate Select Sector Spdr Fund (The)(XLRE.US$ (REIT), $Consumer Staples Select Sector SPDR Fund(XLP.US$ (Consumer Staples)
- Potential short: Growth stocks and small cap are badly hit. Hint: look for stocks under $ARK Genomic Revolution ETF(ARKG.US$ ETF.
- Potential short: Growth stocks and small cap are badly hit. Hint: look for stocks under $ARK Genomic Revolution ETF(ARKG.US$ ETF.
Safe trading.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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IcySilver : the bear is here...
Edward Egendoerfer : caulking