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‘‘“You can learn how to spot the next cycle’s top new leaders if you get serious and do your homework “-William J O’NEIL
The Nasdaq composite and S&P 500 edged up 0.1%, while the Dow Jones Industrial Average rose less than 2 points last week on friday.
BOTH INDICES HAS GOOD FLAG PATTERN,AS WE NOW FROM EXPERIENCE THE MOVE OFF THE FLAG WILL BE EQUAL TO FLAG POLE,ALTHOUGH WE MAY EXPERIENCE SOME PULLBACKS TO 10 0R 21 MOVING AVERAGES.
NASDAQ COMPOSITE INDEX FLAG PATTERN
S&P 500 FLAG PATTERN
MY PORTFOLIO; PLTR,UBER,DKNG,DUOL,MSTR .
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: B .I SOLD MY POSITION ON FRIDAY AND ADDED MONEY TO THE LEADERS,ITS BEST TO WAIT FOR ER
RATING:A I HAVE POSTION AS THE STOCK STILL HAVE GOOD VOLUME PROFILE ,WE CAN EXPECT LITTLE PULLBACK TO 10 OR 21 MA.
RATING: A I HAVE POSTION AND STOCK STILL SHOWING GOOD PRICE AND VOLUME ACTION,WE MAY HAVE ALSO PULLBACK NEXTWEEK.
RATING: A .I HAVE POSITION THOUGH STOCK TRIED TO WEAROUT WEAK INVESTORS LAST WEEK ON WEDNESDAY,I WILL GIVE IT 8-WEEKS TO SEE HOW IT WILL ACT
RATING; B .BEST STOCK TO BE HONEST BUT I TEND TO AVOID LARGE-CAPS STOCK THEY ARE TOO HEAVY TO LIFT,I PREFER MID AND SMALL CAPS STOCKS.
RATING: B .THIS STOCKS RECOMENDED BY ONE OF MY SUBSCRIBERS ,GOOD VOLUME DRY-UP WHICH MEANS INVESTORS THEY DONT WANT TO SELL THEIR SHARES.BUT ITS BETTER TO WAIT FOR ER.
RATING: A I WOULD PROBABLY SAY THIS IS THE BEST SET UP ONTO NEXTWEEK,EVEN IF WE CAN STILL GET A PULL BACKS ,I STILL LIKE HER ACTION.I HAVE POSITION,VOL DRYING -UP WITH A LITTLE FLAG PATTERN.
RATING: A I DONT HAVE POSITION NOW ON THIS ONE BUT ITS ETENDED FOR NOW ,PULLBACKS OR DIGESTION IS WELCOMED,HAD TIGHT ACTION ON LAST THREE TRADING DAYS WHICH MEANS THERE WERE NO SELLING.
RATING ; A+ I HAVE GOOD SIZE POSITION ON THIS STOCK,AND ITS IN BEST POSITION TO ADD OR START POSITION.PERFECT STOCK AT PERFECT TIME,YOU SHOULD BE CAREFUL BECAUSE IT CAN START BUILDING HANDLE AREA.
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RATING:A INSPITE OF HAVING OVERHEAD SUPPLY BUT THE DEMAND OF THIS STOCK IS GREAT (TWO GAP UP ) ON LEFT SIDE .BEST EPS
RATING: A BEST STOCK ALTHOUGH ITS EXTENDED CURRENTLY,HUGE DEMAND THAN SUPPLY ,FINDING BEST ENTRY WILL BE GOOD. I HAVE POSITION.
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.
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