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...

$First Solar(FSLR.US)$One of last week's brightest stars, then let's take a close look back at what happened before it broke out:
First, let's look at the weekly chart. The 10MA began to turn upward at the end of March, and the 30MA turned upward for the first time since the week of April 8. The big outbreak occurred in the sixth week after that.
Daily chart:
Since the price returned above 50MA at the end of March, it has not fallen below 50MA. 50MA has been moving upward, and has formed two classic fraudulent buying points. The trading volume was very low for 2-3 days in the fraud clearance range, and RSI has remained above 50;
According to Mark's entry method, you can cut in twice. The 4 trading days that began on the official eruption day were all huge trading volumes, and volume and price skyrocketed, making it worth reviewing and studying over and over again 🚴🏻
Never stop backtesting emerging winners 🚴🏻

Since trading is quite active this week, there are many orders, so putting them together separately doesn't take up much space for weekly position analysis.
$DraftKings(DKNG.US)$ Stop loss is out. (-0.3%)
$Applovin(APP.US)$ An attempt was made to chase the leader at 10MA on Monday and was knocked out on Wednesday. (-0.3%)
$Pegasystems(PEGA.US)$ On Friday, I saw that it had fallen below the three moving averages. Although the stop loss was not reached, it was manually cleared out early (-0.28%)
$Spotify Technology(SPOT.US)$ The fraudulent position broke through the purchase and has not shown much strength yet. Keep watching. Relative account risk: 0.3%
$Western Digital(WDC.US)$ I bought a 2T VCP breakthrough on Thursday, and now it is back within the range. Continue to observe. Relative account risk: 0.3%
$Signet Jewelers(SIG.US)$ I bought a 4T VCP breakthrough on Friday. Currently, it is barely near the breakout line. Continue to observe. Relative account risk: 0.3%
$GE Vernova LLC(GEV.US)$ Electricity and energy IPO stocks, breaking through the buying flag, and the price and trading volume responded well. Relative account risk: 0.3%
$Crocs(CROX.US)$ The handle of the teacup broke through the purchase,...

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...

$GameStop(GME.US)$ $SoundHound AI(SOUN.US)$ $Reddit(RDDT.US)$ Follow next Monday

This is a recent tweet from Mark Minervini on Twitter 👇
Since the day after the contraction was the quarterly earnings report, we have no way of knowing whether Mark traded this stock, but we can do it according to $Blueprint Medicines(BPMC.US)$The chart shows some telltale signs of why Mark is paying attention to this stock.
First, take a look at the IBD chart. The two recent sharp declines have produced a bullish divergence from the RS line 👇
Some other important metrics 👇
Back to the MOOMOO chart:
The figure uses purple lines to connect the high and low points of the finishing area, as follows:
101,84.81
97, 84.33
94.67, 88.46
94.98, 90.745
The difference is obtained by subtracting before and after:
16.19
12.67
6.21
4.235
High and low point gap%:
16%
13.06%
6.56% (met the conditions)
4.46% (conditions met)
Finally, a white line is drawn to break through the buying point, and the recent low uses a red line to indicate a stop loss.
Next, we use a $100,000.00 account as an account model. Swing trading corresponds to a reasonable stop loss range of 1% to 0.25% of the account
1% account stop loss = $1,000.00. You can buy 236 shares with a price difference stop loss corresponding to 4.235. The amount used: $22,427.00...

Last week in review 👉🏻Market Review+Core Position Analysis (29/04-03/05 2024)
“Trade like a gecko, usually lying motionless on a wall. Once mosquitoes appear, they quickly eat them, then calm down and wait for the next opportunity.” -Jim.Simons (R.I.P)
A quick review of this week's market behavior:
$NASDAQ 100 Index(.NDX.US)$ Tuesday disagreement;
$S&P 500 Index(.SPX.US)$ Tuesday disagreement;
$Dow Jones Industrial Average(.DJI.US)$ Divided on Tuesday, attracted funds on Thursday.
dji>spx>ndx
A week where trading volume was drastically reduced, there was almost no supply. The SPX Follow-up Day (FTD) still hasn't appeared, but there is very good price behavior, and the breadth is getting better day by day. A large number of swing traders and position traders on Twitter are extremely excited, and the vast majority have already participated...
Will the large upward gap in the daily chart last Friday be made up (the correction is normal; it does not mean that the upward trend is not valid; failure to make up indicates that the upward trend is extremely strong)? Another important observation point for the next two weeks;
The market currently has not given enough information to give me confidence to enter. The situation is likely to gradually become clear in the next two weeks. It just so happens that SPX's historical average low in May was on May 23. There is no need to predict, just wait patiently for the market...