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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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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 🚴🏻
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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 👇
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“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
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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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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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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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To avoid all the potential noise and focus on your own chart, start turning off the comments feature now 🚴🏻
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New highs: The energy sector is clearly gaining strength, while the rest of the trends are slowing down or stagnating;
New low: Excluding the energy category, almost everything else showed a worsening trend;
Overall aspect: The new high minus the new low showed a clear worsening trend.
On the other hand, over the past month, all indices showed obvious signs of weakness. Most individual stock breakthroughs showed a rapid decline in strength and beginning to fall. Although some individual stocks still have some strength, the intensity is average and not surprising;
From March to the end of the first week of April, there was almost no growth. The account was in a cycle of profit, return, profit, and return to the net value at the end of February. In addition to the objective factors of market weakness, I myself also had many shortcomings in many areas, such as position regulation and lack of quick response to the discovery of new trends. Regardless of the results, traders themselves are fully responsible for them.
Combining the data shown in all aspects above, it is beneficial for me to be careful and start a defensive posture. Keep watching and wait patiently for the next gust of wind 🚴🏻
New low: Excluding the energy category, almost everything else showed a worsening trend;
Overall aspect: The new high minus the new low showed a clear worsening trend.
On the other hand, over the past month, all indices showed obvious signs of weakness. Most individual stock breakthroughs showed a rapid decline in strength and beginning to fall. Although some individual stocks still have some strength, the intensity is average and not surprising;
From March to the end of the first week of April, there was almost no growth. The account was in a cycle of profit, return, profit, and return to the net value at the end of February. In addition to the objective factors of market weakness, I myself also had many shortcomings in many areas, such as position regulation and lack of quick response to the discovery of new trends. Regardless of the results, traders themselves are fully responsible for them.
Combining the data shown in all aspects above, it is beneficial for me to be careful and start a defensive posture. Keep watching and wait patiently for the next gust of wind 🚴🏻
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