- TMLNewsletter
- Posts
- TML NEWSLETTER
The stock market's "great paradox," as IBD Chairman and founder William O'Neil calls it, is that stocks that seem too high in price and risky for most investors usually go higher. And those that seem low and cheap usually go lower.
WE HAVE PULLBACKS ONTO THE NEXTWEEK BECAUSE ALL TWO MAJOR INDICES ARE FAR EXNDED FROM KEY MOVING AVERAGE,I WILL BE PAYING ATTENTION TO STOCKS WHICH ACT STRONGER DURING THE PULLBACK.
BOTH INDICES HAD NICE ABOVE AVERAGE VOLUME.REMBER WE ARE NOT IN PREDICTION BUSINESS ,WE ARE JUST ENTERPRETE WHAT IS HAPPEN ON THE MARKET
NASDAQ
S&P500
I USUALLY SELL LAGGING STOCKS AND ADD TO THE BEST MOVERS (LEADERS)
HERE ARE LIST OF STOCKS WHICH I HAVE BOUGHT OR I’M LOOKING TO BUY ONTO THIS WEEK.
MY STOCK PERFORMANCE RATING IS A+,A,B AND C WITH A+- BEING THE TOP AND C-BEING NORMAL
RATING: A . I HAVE POSITION ON THIS. IPOs ARE RISK ESPECIALLY IN IAP (IPO ADVANCE PHASE) LEARN TO SELL ON STRENGHT
RATING : A .I DO HAVE POSITION ON THIS AND THE STOCK IS CURRENTLY AT TARGET PROFIT AND EXTENDED
RATING : B . I HAVE SMALL POSITION ON THIS ,REDUCED DUE TO PULLBACK ON ABOVE AVERAGE VOLUME
RATING :A .I HAVE A POSITION BUT THE STOCK IS CURRENTLY EXNDED
RATING ; B I CONSIDER TO BUY IT AS ITS IN A BUYING POIN. STOCK BUILT THE FIRST STAGE BASE AFTER RESETING THE PREVIOUS BASES
RATING: B ,I’M CONSIDERING BUY IT AS B/O FROM CUP WITHOUT HANDLE
RATING: A .WE NEED TIGHT ACTION TO BEST ENTRY POINT
RATING: A .I HAVE A POSITION BUT THE STOCK IS CURRENTLY EXTENDED
RATING: B .THE STOCK IS AT BUYING POINT ,BUT IT NEED MORE VOLUME TO PUSH THROUGH THE CURRENT RESISTANCE
RATING:A .THE STOCK IS IN A BUYING RANGE AFTER IPO BASE .MAKE SURE YOU HAVE SL IN PLCAE IPOs ARE VOLATILE
RATING : B .WE NEED VOLUME TO MOVE THIS STOCK UP ,I HAVE A POSITION BUT THE STOCK IS CURRENTLY EXTENDED
RATING: A .I HAVE A POSITION BUT THE STOCK IS CURRENTLY EXNTENDED.CONSIDER TAKING UP SOME GAINS OFF THE TABLE
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
NB;ALL GRAPH/CHART IS FROM MARKETSMITH APP WHICH IS IBD TRADEMARK. You can join here : https://bit.ly/3nRmIzu
DISCLAIMER;This email It does not contain (legal) advice. Although we try to provide quality information, we do not guarantee of results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance for a particular purpose