- TMLNewsletter
- Posts
- TML NEWSLETTER
“A great trader once noted there are only two emotions in the market: hope and fear. “The only problem,” he added, “is we hope when we should fear, and we fear when we should hope.” This is just as true in 2009 as it was in 1909.”
― William J. O'Neil, How to Make Money in Stocks: A Winning System in Good Times and Bad
Nasdaq booked a stunning yearly gain of 43.4% while S&P500 turned in an impressive gain of 24.2% for 2023.I’m still optimistic about the current market movement however we must be cautious because the indices are still extended from the key moving averages .if we will have little consolidation will be fine.
NASDAQ COMPOSITE DAILY
NASDAQ WEEKLY
S&P500 DAILY
S&P500 WEEKLY
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 SOLD MY WHOLE POSITION ITS VOLATILE FOR ME NOW
RATING: B I WILL BUY IT AT THE PIVOT POINT,GOOD ACCUMULATION ON THE RIGHT SIDE
RATING:A I WILL BUY WHEN IT WILL BREAK ABOVE CHANELL LINE
RATING: A I STILL HAVE MY POSITION WILL WATCH HOW THE PULBACK WILL BE
RATING: A I WILL START A POSITION ABOVE THE TRIANGLE WHEN IT BREAKS ON VOLUME
RATING :A GREAT FUNDANTALS ,I WILL BUY AT THE PIVOT POINT
RATING:B I HAVE REDUCED MY POSITION SEVERAL DAYS DOWN ON INCREASING VOLUME
RATING :B I STARTED A POSITION ON THIS ON THURSDAY.GOOD ACCUMULATION ON RIGHT SIDE OF THE BASE.
RATING: A I REDUCED MY POSITION ON THIS AS WE APROACH ER.
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