Last week in review 👉🏻Market Review+Position Analysis (20/05-24/05 2024)
“History clearly shows that almost every superstock was in a clear upward trend before rising sharply. In fact, 99% of stocks traded above the 200-day moving average before a sharp rise, and 96% traded above the 50-day moving average.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US)$ Fundraising on Tuesday, distribution on Thursday, disagreement on Friday;
$S&P 500 Index(.SPX.US)$ Divided on Tuesday, distributed on Wednesday and Thursday, and attracted on Friday;
$Dow Jones Industrial Average(.DJI.US)$ It is distributed on Tuesday, distributed on Thursday, and attracted on Friday.
NDX>SPX>DJI.
Another wonderful week, summed up in one sentence: capital has baptized participants in inertial thinking again and again (history is always repeated, and the mentality of market participants has always been the same);
This is why trading requires a system, rules, and circumvents all emotions as much as possible;
At the same time, the market also brought us a layer of high-quality filters, so you can gradually see who are the flowers and who are the weeds in the garden.
NDX and SPX weekly charts:
The area around 10MA was backtested at the same time, and in a very short time...

$NVIDIA(NVDA.US)$
Get some pocket money 💰. Weekend coffee

Out:
$Groupon(GRPN.US)$ (-0.3%) The flag broke through the purchase under the gradual reduction of the standard on May 28, and was knocked out of the market on the same day.
$Sweetgreen(SG.US)$ (-0.3%) Was knocked out of the game on May 29, and once again failed to pursue the leader.
$Super Micro Computer(SMCI.US)$ (-0.2%) is a very unique stock. Through many trading experiences with it, I know that it is difficult to achieve a successful entry, so I lowered the risk amount slightly. On May 29, I tried to use the gap gap to buy back, and was knocked out with a stop loss the next day. The next transaction against it should be above 50MA. At that time, 50MA should not still be on a downward trend.
$Altair Engineering(ALTR.US)$ (-0.3%) After breaking through the low trading volume of the climax flag, it quickly reversed, and was knocked out of the game with a stop loss on May 30.
$Pubmatic(PUBM.US)$ (-0.4%) I value this contraction pattern where the three moving averages are entwined, so I raised my risk level slightly. I bought a breakthrough on May 28 and stopped losing money on May 31.
add:
$Warrior Met Coal(HCC.US)$ (0.3% risk) It's been a few weeks since I watched it. The shape of the teacup at the bottom of the head and shoulders, tested 50MA at the end of the cup handle, and 10MA rotated...

Last week in review 👉🏻Market Review+Core Position Analysis (13/05-17/05 2024)
“Long-term success in the stock market is not about hope or luck. Successful stock traders have rules and well-thought-out plans. In contrast, losers lack rules, or even if they do, they don't stick to them for long; they are people who deviate from the rules.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US)$ Funding is attracted on Tuesday, divided by three points on Monday, and distributed on Thursday;
$S&P 500 Index(.SPX.US)$ Funding is attracted on Tuesday and distributed on Wednesday and Thursday;
$Dow Jones Industrial Average(.DJI.US)$ Divided on Tuesday, distributed on Thursday.
NDX>DJI>SPX.
I personally like the behavior of the Thursday market. After the NVDA earnings report, the market was full of joy before the opening on Thursday. A few times everything opened higher. After opening, the market showed its attitude, making people realize who made the final decision here 👏;
It returned to normal on Friday, and the market continued the upward trend that had just resumed before. Many stocks were set up, personal purchase plans were not yet completed, and there was still a lot of cash to use, so I wouldn't rush to clean up stocks that I currently hold and have not reached a stop loss; I need to let the market help me gradually screen out the weeds in my garden over a certain period of time.
ND...

Last week in review 👉🏻Market Review+Core Position Analysis (06/05-10/05 2024)
“We can't influence the direction of the wind, but we can adjust our sails and choose our attitude.” - Rockefeller
A quick review of the market:
$NASDAQ 100 Index(.NDX.US)$ Attracts funds on Mondays, Tuesdays and Wednesdays;
$S&P 500 Index(.SPX.US)$ Monday differences, Tuesday and Wednesday attracted funds;
$Dow Jones Industrial Average(.DJI.US)$ It is distributed on Monday and draws funds on Tuesday and Wednesday.
NDX > SPX > DJI
The three major indices all hit new highs this week. Although there was no follow-up date (FTD) during this recovery period, the new price highs indicate the market's position. We can see that the market had huge trading volume at the bottom of the adjustment period, and it was easy to recover upward with low trading volume along the way. Seller strength was extremely weak, and the selling pressure was almost negligible;
Currently, the market is overbought for a short period of time, and prices need to be adjusted slightly for a short time to cool down market sentiment. The risk level is at a very low level.
NDX and SPX weekly charts:
Unwittingly, it continued to rise for 4 weeks, and the upward trend returned to a healthy level. Although SPX is close to the edge of the upward trend line, since the market has just recovered, there is no need to be too entangled and focus on individual stock settings and performance.
In terms of market sentiment:
AA...

Last week in review 👉🏻Market Review+Core Position Analysis (22/04-26/04 2024)
“I've made as many mistakes in stock trading as many times as I was right, which has helped me grow both my career and my personal wealth. The key is asymmetric leverage; you make more money when you make a profit than when you lose, and you always get a return. This is the Holy Grail!” (All transactions only serve the profit curve of your account, nothing more) -Mark.Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US)$ Distributed on Tuesday and attracted funds on Friday;
$S&P 500 Index(.SPX.US)$ Dispatched on Tuesday and Wednesday;
$Dow Jones Industrial Average(.DJI.US)$ Distributed on Tuesday, divided on Friday.
NDX>DJI>SPX
The first 4 days of decline this week. The market opened sharply higher with the support of APPL earnings on Thursday and very good pre-market inflation data on Friday, but with the support of such superior external factors, SPX still failed to complete the “Follow-up Day (FTD)”, and was almost all blocked below 50MA and the intensive trading zone above. From a trading psychology analysis, this position has a great advantage for traders to go short: the distance from the 50MA above and the “sky pool” is extremely short, that is, the stop-loss cost (risk) is extremely small...