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MattSully Male ID: 101571393
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    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...
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    Market Review+Position Analysis (20/05-24/05 2024)
    Market Review+Position Analysis (20/05-24/05 2024)
    Market Review+Position Analysis (20/05-24/05 2024)
    +21
    Recent purchases Mark just shared today include RCL, NVDA...
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    It was just a coincidence 👇
    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...
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    Market Review+Core Position Analysis (13/05-17/05 2024)
    Market Review+Core Position Analysis (13/05-17/05 2024)
    Market Review+Core Position Analysis (13/05-17/05 2024)
    +18
    Filter based on some criteria 👇
    Complement the sectors that have performed the best in the past 20 days 👇
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    Some of the most impressive stocks since this market adjustment (25th) 👇
    Some of the most impressive stocks since this market adjustment (25th) 👇
    Some of the most impressive stocks since this market adjustment (25th) 👇
    +2
    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...
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    Market Review+Core Position Analysis (29/04-03/05 2024)
    Market Review+Core Position Analysis (29/04-03/05 2024)
    Market Review+Core Position Analysis (29/04-03/05 2024)
    +16
    This is the yield curve of the trader's own account.
    If you repeatedly summarize and study your past yield curve, you will see your unique strengths and weaknesses; and with the following questions 👇
    Is it possible to basically identify the most basic characteristics of the upward trend and adjustment period in the market?
    Were you fully involved in trading during the main upward trend?
    Were transactions drastically reduced or not traded during periods of market adjustment?
    Are there still problems with stock selection?
    Is the position the right size?
    Is it possible to cut weed in positions too slowly or sell too early/late to big winners?
    The most important question after the research isn't to ask yourself “Can I do a better account yield curve?”
    Instead, ask “What can I do to have a better account yield curve?”
    Below are yield curves for the last two major uptrends, where you can always find areas for improvement to do better in the next uptrend. 🚴🏻
    June-July 2023:
    November 2023 to March 2024:
    Research your past transactions over and over again, learn from them and find improvement plans, and confirm implementing this plan when you make your next transaction. 🚴🏻
    Finally: Keep reading 🚴🏻 (The human body needs timely nutritional supplementation; mental and spiritual needs are equally necessary)
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    The most important charts for traders 👇
    The most important charts for traders 👇
    The most important charts for traders 👇
    +2
    $Warrior Met Coal(HCC.US)$ The RS line (main image is blue) is required to break through the previous height (the gap is not small at present)
    $Oscar Health(OSCR.US)$The price needs to be further compressed to reduce the risk ratio
    $Constellation Energy(CEG.US)$The graphics are all very good so far
    $Applovin(APP.US)$ Tighter prices are needed, and RS and prices must be synchronized when breaking through
    $Micron Technology(MU.US)$ Currently, the graphics are less than half complete, and they still need to be cleaned up.
    $NVIDIA(NVDA.US)$ Since March 8, excluding small distribution days, there are currently 5 large-scale distribution days. The fundamentals are almost unbeatable, but it will take a long time to sort out.
    $Viking Therapeutics(VKTX.US)$ We need to see a closer graph. Currently, RS is ahead of the price (good phenomenon), and it is not too difficult to find a low risk (stop loss within range) entry point, so it's worth waiting for the opportunity to try it out.
    $Dell Technologies(DELL.US)$ The RS line is currently all good and requires tighter graphics.
    $Vertiv Holdings(VRT.US)$ The risk of financial reporting has been overcome. The RS line is far ahead, and it will take some time to digest the excessive extension of 50MA...
    Translated
    Use RS ratings to sort out some names with high fundamentals 👇
    Use RS ratings to sort out some names with high fundamentals 👇
    Use RS ratings to sort out some names with high fundamentals 👇
    +40
    “Naturally, humans want to play every hand. Always wanting to get involved is one of speculators' worst enemies when managing money.” This statement is particularly relevant given the current market headwinds and challenges.
    Let's seriously consider and internalize the following famous saying: “Often, idle funds can be moved to the right place at the right time later.”
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    By Jeff Sun 👇
    By Jeff Sun 👇
    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 🚴🏻
    Translated
    About the “Follow-up Day (FTD)”
    About the “Follow-up Day (FTD)”