The market is trying to end the week on the green. Even Russel (small caps 2000 index) bounced off 48 EMA. It is trying to catch up higher, for next week.
Market Outlook and Daily Stock Updates
Note:- “Understanding the overall market trend is crucial before analyzing individual stocks. If the market is trending downward, it’s unlikely that individual stocks will do well. Thus, assessing the broader market behavior is important before focusing on specific stocks. I rely on a few key indicators to gauge market trends. These indicators guide my decision on whether to invest or hold cash. I assign a percentage score to each of these indicators. The total score determines how much capital I will assign to the market.”
Summary of Market Analysis (50% Uptrend)
- Corporate Bond (HYG) – Moderate (10%)
- Nasdaq 100 Power Shares (QQQ): (20%)
- IBD 50 ETF (FFTY): (20%)
- At least 100 New Highs Today out of 8000+ U.S. Socks (NO): 88: (0%)
- US New High Stocks: 88 exceed New Low Stocks (NO): 145: (0%)
Corporate Bond (HYG): (10%)
The corporate bond is trying to form a higher low after bouncing from the slow 48 EMA. It is tightening up on the right side, and the volume is drying up.
Nasdaq 100 Power Shares (QQQ): (20%)
The Nasdaq above EMA clouds, and is doing ok hopefully, it will end in green this week.
IBD 50 ETF (FFTY): (20%)
The IBD 50 bounced off 13 EMA, trying to break the downtrend, sooner the trend will change.
At least 100 New Highs Today out of 8000+ U.S. Socks (NO) : 88: (0%)
US New High Stocks: 88 exceed New Low Stocks (NO): 145: (0%)
New Highs: 88
New Lows: 145
Key Stocks – 30 Stocks on Radar, many triggering buy points.
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Disclaimer:
This newsletter is intended for educational purposes only and should not be construed as financial advice. I strongly encourage you to conduct thorough research. Consult with a qualified financial advisor before making any investment or financial decisions.
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