Last week in review 👉🏻Market Review+Core Position Analysis (15/04-19/04 1024)
“To win in an environment where everyone has the same goals, you have to do what most investors are either unwilling or unconsciously unable to do.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Distributed on Wednesday and raised on Thursday;
$S&P 500 Index(.SPX.US$ Divided by week, attracted funds on Thursday;
$Dow Jones Industrial Average(.DJI.US$ Wednesday was divided.
NDX > SPX > DJI
SPX failed to trigger the “Follow-up Day (FTD)” on Friday. The entire market is close to the tight trading zone above. I like to imagine the period of market adjustment as the period of refueling the car. The volume is the gasoline needed. Currently, a little fuel has been added, but it is not enough to complete the next wave of trend driving. If you drive forcibly, the probability of an accident along the way is very high, and it will continue to wait patiently for it to refuel and be fully prepared.
NDX and SPX weekly charts:
The intensive financial reporting week supported this week's trading volume. Next week's earnings report will also be intense, and the trading volume will not be low. Continue to watch the cards for free to try to read more information from the cards given by the market to help establish clear signals of action in advance.
The market...
“To win in an environment where everyone has the same goals, you have to do what most investors are either unwilling or unconsciously unable to do.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Distributed on Wednesday and raised on Thursday;
$S&P 500 Index(.SPX.US$ Divided by week, attracted funds on Thursday;
$Dow Jones Industrial Average(.DJI.US$ Wednesday was divided.
NDX > SPX > DJI
SPX failed to trigger the “Follow-up Day (FTD)” on Friday. The entire market is close to the tight trading zone above. I like to imagine the period of market adjustment as the period of refueling the car. The volume is the gasoline needed. Currently, a little fuel has been added, but it is not enough to complete the next wave of trend driving. If you drive forcibly, the probability of an accident along the way is very high, and it will continue to wait patiently for it to refuel and be fully prepared.
NDX and SPX weekly charts:
The intensive financial reporting week supported this week's trading volume. Next week's earnings report will also be intense, and the trading volume will not be low. Continue to watch the cards for free to try to read more information from the cards given by the market to help establish clear signals of action in advance.
The market...
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+10
6
It was almost a group action for two days on Thursday and Friday 👇
Here are some eye-catching charts within the industry:
$Sweetgreen(SG.US$ 👇
$CAVA Group(CAVA.US$ 👇
$Wingstop(WING.US$ 👇
$Shake Shack(SHAK.US$ 👇
$Texas Roadhouse(TXRH.US$ 👇
There is no need to chase at all, just wait patiently for the low-risk moment 🚴🏻
Here are some eye-catching charts within the industry:
$Sweetgreen(SG.US$ 👇
$CAVA Group(CAVA.US$ 👇
$Wingstop(WING.US$ 👇
$Shake Shack(SHAK.US$ 👇
$Texas Roadhouse(TXRH.US$ 👇
There is no need to chase at all, just wait patiently for the low-risk moment 🚴🏻
Translated
+6
8
As the market adjusted, I focused on finding those unique names.
Currently, 19 days have passed since the short-term peak of SPX, that is, set a name with the highest increase in the past 19 days and meet some conditions. After Friday, it will be changed to the 20th, and after next Monday, it will be changed to the 21st...
Here are the search criteria 👇
Currently there are only two chart potential settings that have caught my attention 👇
Currently, 19 days have passed since the short-term peak of SPX, that is, set a name with the highest increase in the past 19 days and meet some conditions. After Friday, it will be changed to the 20th, and after next Monday, it will be changed to the 21st...
Here are the search criteria 👇
Currently there are only two chart potential settings that have caught my attention 👇
Translated
6
The concept of a “follow-up day (FTD)” was first proposed by William.J. O'Neil in the book “Laughing Stock Market”. It describes the concept of starting an upward trend caused by the main index (SPX) rising more than 1.5% and trading volume exceeding the 50-day EMA on the 4th to 7th (sometimes even the 10th and 11th days) after the market bottomed out.
Later, minor revisions and additions were made in his subsequent book “The Principles of Stock Trading” (written after 2003): 1.5% was changed to 1.7%, and the success rate is estimated to be about 75%-80%, and it is required to be prepared for withdrawal if trading volume expands and falls sharply in the future.
Back now, more than 5 months have passed since the last SPX follow-up day, November 2 (Thursday). SPX rose 1.89% on that day, and the trading volume exceeded the 50-day average, thus starting the upward trend in the past 5 months; currently, SPX has adjusted from a high point on the 19th, reaching 4 weeks after Friday (today). There is a chance that there will be a potential follow-up date on Friday. Although I am skeptical about the “one-legged” market adjustment, I still need to believe in objective facts and act quickly; if it doesn't happen, continue to be patient 🚴🏻
Later, minor revisions and additions were made in his subsequent book “The Principles of Stock Trading” (written after 2003): 1.5% was changed to 1.7%, and the success rate is estimated to be about 75%-80%, and it is required to be prepared for withdrawal if trading volume expands and falls sharply in the future.
Back now, more than 5 months have passed since the last SPX follow-up day, November 2 (Thursday). SPX rose 1.89% on that day, and the trading volume exceeded the 50-day average, thus starting the upward trend in the past 5 months; currently, SPX has adjusted from a high point on the 19th, reaching 4 weeks after Friday (today). There is a chance that there will be a potential follow-up date on Friday. Although I am skeptical about the “one-legged” market adjustment, I still need to believe in objective facts and act quickly; if it doesn't happen, continue to be patient 🚴🏻
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4
“Trading is a battle between risk and reward. Is the expected return worth the risk?
If the answer is no, then it's no fun.”
-Marc Minervini
If the answer is no, then it's no fun.”
-Marc Minervini
Translated
8
Last week in review 👉🏻Market Review+Core Position Analysis (08/04-12/04 2024)
“In the stock market, you can stand outside the market for free, watch and wait for the best time to bet. You can see the 'bottom card' of the market for free before placing a bet.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Dispatched on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Dispatched on Tuesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Attracting funds on Friday.
DJI > SPX > NDX
The market went all the way down after cutting the “Sky Pool” on Monday. During this period, we can see that some people in the pool have become part of the seller's force due to emotional effects. Although the market is currently oversold in the short term and there is a possibility of a rapid rebound in the short term, we still cannot ignore the potential selling pressure of nearly 2 months. I never smartly search for so-called support levels. Every bottom is decided by buyers and sellers of all market participants. At that time, the market may once again give a clear signal like the “O'Neill Rule” on November 2 last year. Patience is necessary, and at the same time Be prepared for the potential next upward wave, and when it arrives, there are endless opportunities.
NDX and SPX weekly charts:
From week to week...
“In the stock market, you can stand outside the market for free, watch and wait for the best time to bet. You can see the 'bottom card' of the market for free before placing a bet.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Dispatched on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Dispatched on Tuesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Attracting funds on Friday.
DJI > SPX > NDX
The market went all the way down after cutting the “Sky Pool” on Monday. During this period, we can see that some people in the pool have become part of the seller's force due to emotional effects. Although the market is currently oversold in the short term and there is a possibility of a rapid rebound in the short term, we still cannot ignore the potential selling pressure of nearly 2 months. I never smartly search for so-called support levels. Every bottom is decided by buyers and sellers of all market participants. At that time, the market may once again give a clear signal like the “O'Neill Rule” on November 2 last year. Patience is necessary, and at the same time Be prepared for the potential next upward wave, and when it arrives, there are endless opportunities.
NDX and SPX weekly charts:
From week to week...
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+10
17
Jesse Livermore doesn't have modern technology, but still feels the need to take a vacation to avoid trading at the wrong time.
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9
Generally speaking, returning to the original region within 3 days can restore the previous balance or even continue to improve; if this does not happen, price restoration in the true sense of the word will occur, and a few weeks are unavoidable 🚴🏻
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8
Last week in review 👉🏻Market Review+Core Position Analysis (01/04-05/04 2024)
“If the index falls, but the stock setup surges and the breakthrough is effective, I'll buy the stock! But if the index hits new highs, and few stocks are set correctly according to my own standards, or few trades show progress, I'll hold a lot of cash... even if the popular average index soars!
How long will it take? It doesn't matter how long!!
Can you do that?
If that's not the case, then your chances of surpassing the market in trading leading stocks are slim.”
-Marc Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Funding is drawn on Tuesday and Thursday, and distributed on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Divided on Tuesday, distributed on Wednesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Divided on Tuesday and distributed on Friday.
NDX > SPX > DJI
A week of huge fluctuations. The daily chart we talked about a few weeks ago has almost been cut, and things don't develop “the way it should” every day. The DJI index crashed first. NDX and SPX formed a huge sky pool above the gap, facing a huge risk of being cut. If cut, then everything in the pool remains...
“If the index falls, but the stock setup surges and the breakthrough is effective, I'll buy the stock! But if the index hits new highs, and few stocks are set correctly according to my own standards, or few trades show progress, I'll hold a lot of cash... even if the popular average index soars!
How long will it take? It doesn't matter how long!!
Can you do that?
If that's not the case, then your chances of surpassing the market in trading leading stocks are slim.”
-Marc Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Funding is drawn on Tuesday and Thursday, and distributed on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Divided on Tuesday, distributed on Wednesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Divided on Tuesday and distributed on Friday.
NDX > SPX > DJI
A week of huge fluctuations. The daily chart we talked about a few weeks ago has almost been cut, and things don't develop “the way it should” every day. The DJI index crashed first. NDX and SPX formed a huge sky pool above the gap, facing a huge risk of being cut. If cut, then everything in the pool remains...
Translated
+13
15
Today's closing:
$NASDAQ 100 Index(.NDX.US$ Out of 101 stocks, only 4 rose;
$S&P 500 Index(.SPX.US$ Only 40 of the 503 stocks rose.
Listen to the market without prejudice, at least it allows you to avoid extremely unfavorable options 🚴🏻
“Are you willing to spend weeks waiting for the best time to trade? Patience always pays off.” -S.Z
$NASDAQ 100 Index(.NDX.US$ Out of 101 stocks, only 4 rose;
$S&P 500 Index(.SPX.US$ Only 40 of the 503 stocks rose.
Listen to the market without prejudice, at least it allows you to avoid extremely unfavorable options 🚴🏻
“Are you willing to spend weeks waiting for the best time to trade? Patience always pays off.” -S.Z
Translated
8
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