TRUE MARKET LEADER

“The hard, cold reality of trading is that every trade has an uncertain outcome.” ~ Mark Douglas

MOVING AVERAGE LINES USED

REDLINE = 50 DAY MOVING AVERAGE

GREENLINE = 10 DAY MOVING AVERAGE

PINKLINE = 21 DAY MOVING AVERAG

BLACK LINE = 200 DAY MOVING AVERAGE“If you personalize losses, you can’t trade.”

NASDAQ INDEX: The nasdaq made quiet tight move on the last two lastdays (Thursday and Friday) which signal neither downside move or upside move.

The volume volume profile was declining the whole lastweek. My expectation is that we can have a pullback to the moving averages (21 0r 50-MA).

The weekly timeframe is showing that the index has made the retest to the support and its currently trying to continue its movement to new upside teritory.

S&P500 INDEX: The S&P500 INDEX made the same thing as nasdaq index but the volume almost stayed the same four days of the week. Will also expect to have a pullback to the key moving averages (21 OR 50-MA).

The weekly timeframe is showing the index is bounced off the 10-week moving average,and its currently seeking to have more upside move.

ARM: The stock has good future positive earnings expectations and good current sales and EPS. the stock chart showing the stock has started its upside move inspite of lack enough volume ,i want to see more volume it will hit all time high ground.

Will buy once it will cross the above redline.

FSLR: I still have my position on this company although i have reduced it as it was reached target profit zone (green zone). will expect to have ragning for long period due to its long quick move from the buying zone.will add the position once it will finish its pullback and start its upside move.

CRWD: The stock is trying to back into new high territory groundafter falling below 50-day moving average .will add back to my original also it will cross the pivot point (blue zone).

MU: The stock has the best fundamentals and technical action,i want to see the volume increase when it will break above the blue zone (buying point).will start my position when it cross the pivot point on volume.

NXT: The stock has formed deeped cup with lower handle ,inspite of having negative future earnings expectations the current earnings and sales are good. will start my position once the stock cross above the pivot point.

RDDT: The stock has good positive earnings expectations and current earnings and sales are goood,stock has formed U-shaped cup with handle and trying to move above the handle area.will buy also it will cross the redline.

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