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“If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in. There is nothing better than a fresh start.”-PAUL TUDOR JONES
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The Nasdaq composite ended Friday down 0.3% but managed to turn in a weekly gain of 1.4% following Nvidia's (NVDA) blockbuster earnings. The index has now gained in 15 of the past 17 weeks. The Nasadaq index also ended the week clear of all its moving averages (10 and 21 day moving averges) after getting support at the 21-day line. It is now facing resistence at 16200.if it will break that resistance we may have more move upside.
The S&P 500 was nominally positive but essentially flat, though it rose 1.7% for the week. It sits clear of its short-term moving averages and is about 5% above its 50-day line. The benchmark index also holds a gain of nearly 7% thus far in 2024.The index made a pullback to the support and then bounced off .
HERE ARE LIST OF STOCKS WHICH I HAVE BOUGHT OR I’M LOOKING TO BUY ONTO THIS WEEK. |
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; B I dont have any position on this stock,but i will keep my eye on it,the company has goodb fundamental and technical actions,The company will report its ER on the nextweek.
RATING; A I dont have any poition on this but will buy it at the either early indicated buy point or at the pivot point (68.95).the company has current good triple digit EPS and sales.it will report its ER in the next five days .its worth paying attention to it.
RATING; A I dont have a position on this but i will keep my eye on it.i want to see tight action in order to get best entry.the company has good sales and earnings.
RATING;A The stock is currently extended but it made nice rebound at 10-day moving average which is strong bullish indicator. i want to see tight action to get my entry ,the company has good sales and earnings.
RATING; B I sold my whole position on this after it broken down its well respected 10-day moving average .i prefer most of IPO stocks at 20-25% because most of them are risk.
RATING; A I will start a starter position (5%) and will add the rest at the pivot point.the company has triple digit earnings and double digit sales.
RATING; A The stock is current exended but it made a pullback to the pivot point .i want to see tight action toget an entry .The company has triple digit earnings and positive future expectations.
RATING; A The stock is currently extended its best company in terms of fundamentals and technical.The RS is at all time high.will keep my eye on it to see if i get better entry.
RATING; A I have a position on this bought at the pivot point,and it has good triple digit earnings and positive earnings future estimate.
RATING; A I sold my whole position on this ,its too extended for now ,i will wait for it to make another base.
RATING: B I have a position on this ,The company has good sales and earnings and it has positive earnings future estimate ,we need more volume to move this stock upside.
THANK YOU
FOR YOUR TITML 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
NB;ALL GRAPH/CHART IS FROM MARKETSMITH APP WHICH IS IBD TRADEMARK. You can join here : https://t.ly/UxNt0 |
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 |
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