TML newsletter number 46

"Forget your pride and ego; the market doesn't care what you think or want. No matter how smart you think you are, the market is always smarter." - William J. O'Neil

MOVING AVERAGE LINES USED

REDLINE = 50 DAY MOVING AVERAGE

GREENLINE = 10 DAY MOVING AVERAGE

PINKLINE = 21 DAY MOVING AVERAGE

BLACK LINE = 200 DAY MOVING AVERAGE

NASDAQ INDEX: Last week, this index took a hit, closing on Friday with an inside day. Right now, the tech-heavy industry index is trying to bounce back, but for the past six weeks, big sell-offs have ruled, thanks to investors dumping their shares

It is anticipated that the market will experience another decline in the coming weeks, similar to the trend observed from July to October 2023. Consequently, a defensive investment strategy will be maintained, and efforts will be focused on identifying the next leading stocks that are likely to resist the downtrend.

S&P500: Historically, this index has trailed the NASDAQ Index. Currently, it is exhibiting similar performance, trading below its 50-day moving average. Notably, the index experienced above-average volume on Thursday of last week.

I anticipate that this index will perform similarly to the NASDAQ, although it currently trails behind. I am hopeful that it will also experience a three-leg downturn, similar to the pattern observed from July to October last year (2023).

IOT:The company has demonstrated exceptional sales acceleration and reported impressive earnings, accompanied by optimistic future earnings expectations. Despite the volatility in its price action during previous weeks, the recent three-week period has shown significant improvement in price and volume performance, as indicated by the upward trend in the Relative Strength Line.

We will purchase this stock when it reaches approximately $37, which will constitute an early entry point.

KGS: The stock has recently experienced a substantial surge from its initial public offering (IPO) base and is currently consolidating due to prevailing market weakness. The stock boasts a favorable future earnings estimate and a triple-digit current earnings figure. The redline will serve as my early entry point should the general market strengthen in the near future.

NOW:Currently, the stock experienced a significant surge on Thursday following its earnings report, which exceeded estimates. Although I missed the previous week's entry opportunity, the redline will serve as my entry point once a pullback occurs. The company is demonstrating accelerating sales and earnings growth, accompanied by a positive future earnings estimate, which is a crucial factor for investors.

SPOT:This stock is presently attempting to fill the gap created during its recent earnings report event. As indicated on the right side of the chart, there has been significant accumulation of the company's shares, driven by its accelerating sales and earnings. The company's future earnings expectations are also favourable.

We will purchase this stock once the gap has been filled and the stock begins to rise.

This analysis is designed to assist individuals in overcoming the challenges of stock analysis and general market understanding. Those who are new to trading or have been experiencing difficulty despite their experience may find it beneficial to explore the premium Discord community, TML IC

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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

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