TRUE MARKET LEADER

01/22/2024 analysis

Three men came to Wall St. The first always knew WHAT was best buy. Second knew WHY it was best buy. But the third knew neither of those things; he only knew WHEN to buy. He made the most money.’’ - Richard D. Wyckoff, 1932

MOVING AVERAGES USED

REDLINE = 50 DAY MOVING AVERAGE

GREENLINE = 10 DAY MOVING AVERAGE

PINKLINE = 21 DAY MOVING AVERAGE

The Nasdaq composite ended Friday with a total gain 1.7%,which the lead to the weekly increase of 2.3%. It now has moved up in 11 out of the past 12 weeks and is sitting slightly above its short-term 10 and 21 MA. The index is now up about 2% in January but remains slightly below of 2021 highs for now.

The benchmark S&P 500 rose 1.2% for the fridayday, Approaching an ATH . It also rose more than 1% for the past week, its 11th weekly gain out of the past 12. It raose higher into positive territory for 2024. This is important, as when the benchmark index ends January with a gain it tend show the good sign for new year.

I do believe we can still have more way time to continue with upward movement with due respect to current market movement which doesnt show any sign of major weakness. I’m so bullish on this market,let see how this nextweek will be.

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.

I HAVE MORE THAN ONE TRADING ACCOUNT SO WHEN I’M SAYING I HAVE A POSITION THIS MEANS IN ONE OF MY TRADING ACCOUNT.

MOVING AVERAGES USED

REDLINE = 50 DAY MOVING AVERAGE

GREENLINE = 10 DAY MOVING AVERAGE

PINKLINE = 21 DAY MOVING AVERAGE

RATING: A I bought this stock after it crossed the medium term moving averages (10 and 21) ,the william O’neil mutual fund are also accumulating shares on this company ,mind you that this institutions they usually dont hold atocks for one or four weeks,they are too heavy to daytrade and they only buy quality stocks.this is a must have stock.

RATING: A Perfectly timed buying position on friday lastweek.Good company for sure in terms of fundamentals and technicals (Ascending base) ,huge volume on breakout plus RS line at all time high,i will continue to hold this position .most of the stocks will move 100% to 200% after breaking out of the Ascending base. watchout.

RATING: B I continue to hold this stock with my little position although it shows some sign of slagish as the company approach ER .Analyst expect this year earnings to be way bigger than last year.its the expectations which move the shares of the company. If we can uptrend market this year ,expect much from this company as food delivery become normal after covid.

RATING : B I dont have a position on this ,ths stock trying to breakout of downtrend channel ,look for buying opportunities at the buying point (blue zone).though earning estimate are not good according to analyst.

RATING: A I do have a position on this, bought when the stock moved past a buying point on volume,the reson i bought the stock is because it has best fundamentals such as EPS and sales .Also the stock has huge prior move which means investors has more faith on the company thats why they continue to put more money on it.

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RATING: A I started a small position friday,the stock hard nice gap up after ER.This how most of true market leaders started their big move gaping up on ER.The company also positive earning expectations ,this year and nextyear.good triple digit EPS. Worth owning company.

RATING : B Paypal had nice movement on thursday and friday ,i was curious to find out what is happening in its industry, and i found that most the stocks on thier indusry has good recent move.

RATING; A I have small position this stock because its to slow,it will continue in this way i will sell and add to the fast moving stock.thats the problem with mega caps ,they are too heavy to move,they have billions or millions of shares of outstanding. quit different from mid-caps stock,which have small supply of shares.

RATING: B i sold my shares on this to slow to move.will continue to monitor its movement if it will have character change.

RATING: A The stock is building cup with handle ,will buy when it wil cross buying point (blue zone) on volume,the company has good earning future expectation with triple digit this year.we need volume to move past the current resistence.

RATING: A I have a position on this stock,the stock is currently at the buying point after long consolidation.Triple digit EPS nd double digit sales company is worth paying attention to as BILL O’NEIL would suggest,its not an easything for the company to have such number as many companies strugling with their negative sales and EPS. the thing we need on this stock is more volume to move current line of resitence.

RATING: A I do have a position i started when it moved above the redline,the company have good fundamentals including heavily investing in AI technology.its now most valued company in the world with a lot of reserve cash for investing and buying any companies.its worth paying attention to.

RATING: A I started a position on this on monday lastweek,the reason i bought this stock is it has very good fundamentals eg 241% future earning estimate ,triple digit EPS and sales.Also its has good techinical action such huge prior move which shows the accumulation of shares by institution investors.the volume was way above average when it moved above the buying point.

RATING: A I started a small position on tuesday last wednesday, lastweek, after moving above the wedge/pennant.the reason for buying stock is it has good previous move technicaly and also their whole industry group ( software security ) is strong group all stock moving up eg CRWD and ZS .Also i noticed the stock made a pullback with very low volume which is characteristics of true market leader.

RATING: A I saw the stock on IBD STOCKS ON THE MOVE ,the stock had huge volume (600+) as moved past the pivot point.then i started a position on this and ended the day with nice move (20%) .the stock has both fundamentals and technicals. the stock is worth to pay attention.

RATING: A I do have a position on this and added after moved above channel line on wednesday ,the company have good both technical and fundamentals items.the triple digit EPS and positive earning estimate can be the reason for the better performance of this company.the stock had nice rebound at 10-day MA lastweek.

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 

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