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NB: Thanks for all of your suggestions on how to improve our newsletter. here are few notable suggestions which i’m working on;
More explanation on general market
Add reasons why i buy or sell the stock
Proffessionalize the newsletter (will hire an expert)
“Charts plus earnings will help you tell the best stocks”
― William J. O'Neil, How to Make Money in Stocks Complete Investing System
The Nasdaq index closed the trading week down 3.3% going to retest the previuos support.Let see if the Nasdaq will rebound at support/ 10-week moving averages.
The S&P 500 looks to be finding support at its 21-day line after ending Friday up 0.2%. Its loss of about 1.5% for the week.let see how it will act around support or 10-week moving average.
A majority of the S&P index sectors ended Friday higher. Financials and consumer discretionary were the best performers while real estate and consumer staples struggled the mos
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 .The stock try to build Ascending base,it has best fundamentals and technicals.I will buy when it cross a indication buying point.
RATING; B .The volume dried during pullback which means fewer holder are slling their shares.let wait how it will act around 50-day moving average.
RATING; A The volume dried during the pullback which implies no major selling.I will buy when it will cross buying point on volume.
RATING: B . Good price and volume action during cup handle formation plus good fundamentals. I will buy if it will cross blue buying zone on volume.
RATING: B .Good consolidation from last two weeks ,and the volumed dried up during the pullback. I will buy above the redline.
RATING; A I’m still holding my shares until it break 21-day moving average on volume.Let see how it will act around the key moving averages.
RATING: A The stock chart is tightening up from left to righ which means fewer big investors are selling their shares while others are buying.I will buy above the point if it happen on volume.
RATING: A The stock is currently tightening up which means institutions are accumulating shares and sell few.I will buy past the redline on volume.
RATING: A Let see if it will hold around 10-week moving average.good volume and price action,no huge selling during the pullback.I will buy past dowtrend channel line.
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
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