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- TML NEWSLETTER
The NasdaNB;ALL Gq composite had its best day since May as it jumped 2.1%, pulling away from its 50-day moving average in the process while The S&P 500 moved further above its own 50-day line as it gained 1.6%. The benchmark index lifted 1.4% for the week.
We may have pulbacks on the indices but i want to see more volume for both indices.
NASDAQ
S&P 500 INDEX
Over time, you’ll learn that only one or two out of every 10 stocks you buy will be truly outstanding and capable of doubling or tripling or more in value.
William O’Neil
RAPH/CHART IS FROM MARKETSMITH APP WHICH IS IBD TRADEMARK.
HERE ARE LIST OF STOCKS WHICH I HAVE BOUGHT OR I’M LOOKING TO BUY ONTO THIS WEEK
I STARTED POSITION ON FRIDAY AFTER PULLBACK TO PIVOT POINT,
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ITS AT THE PIVOT POINT,BUYABLE
BOUGHT ABOVE CURRENT RESISTANCE (REDLINE)
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STARTED POSITION ON FRIDAY AFTER PULBACK
I BOUGHT AT GAP UP AFTER ER,WILL SHARE WITH HOW I BUY GAP UP
I HAVE 25% OF POSITION ON THIS STOCK,WILL ADD AT THE PIVOT POINT.
ITS AT THE PIVOT POINT,STARTED THE POSITION ON FRIDAY
TML FIVE TRADING RULES
1. Buy the stock as it break above base or trendline on above average volume
2. Sell -4% to 7% from buy point,intra-day
3. Take gains 20-30% above buying point
4. Use trailing stoploss to protect your gains
5. If you have three straight failure -4% to 7% ,stop buying and do postanalysis
THANK YOU FOR YOUR TIME
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