TML NEWSLETTER NUMBER 44

TML"We all make mistakes. You must learn to correct yours without vacillating." - 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

IF YOU WANT TO ENLARGE THIS CHART IMAGES RIGHT CLIK ON THE IMAGE THEN CHOOSE “OPEN IMAGE IN NEW TAB’’

NASDAQ INDEX: This index wiped out almost all of all of lastweek gains on friday withe the volume lightly above average,but i had mention on my last newsletter the index was too extended from the key moving averages (10,21 and 50-daily moving average).The red (negative) volume skyscrapers are increasing on the right side which means we are getting more distributions (selling).

Going into nextweek will recomend to stay objective and reduce trading activities and keep your eyes on the stock which are showing resistence to market decline.

S&P500 INDEX: This index tried to make a rally on friday but the volume was weak,this index too is still extended from the key moving averages (10,21 and 50).The index also has red (negative) volume skyscraper on volume.

I expect the pullback to the moving average going into next trading week.

$ARM: I have a position on this stock which i first bought at the breakout of the downtrend and added latter at the pivot point (blue zone).The stock has the best current sales and earnings plus positive future earnings estimate which attract investors to scoup more shares.will continue to hold this stcok until there obvious change in character as we most IPOs stocks are volatiles.

$APPF: This stock got into my attention on friday after making huge move on volume.The company ER is due 11,but the current sales and earnings are great and future earnings expectations are positive.will look into buying this stock this nextweek. RS line is also strengthning which means there is improvement on the current stock move.

$QRVO: Inspite of having negative future earnings estimate this stock has recently showed strong from the bottom to the buying zone (pivot point).The stock ha the best rating shown at the top left corner of the chart with accumulation being “B’’ which is far better than the other 90% of the stcoks.will look into buying this stock this nextweek .

IF YOU WANT TO ENLARGE THIS CHART IMAGES RIGHT CLIK ON THE IMAGE THEN CHOOSE “OPEN IMAGE IN NEW TAB’’

$PLTR: This is the most difficult stock to trade since 2020 due to its volatility,I do have position on this bought at the redline, will look at add at the blue zone.we need more volume to keep this stock going upward.

$PAAS: This stock had strong move thispast two weeks and the Relative strength line has strongly improved which is the sign accumulation. Although the current earnings are negative but the future earnings expectations are best plus best ratings. I do have a position on this.

The stock is currently trading at the pivot point.

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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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