S & P is posting all-time highs. The Dow is also moving towards all-time highs. The market is in a happy condition.
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 (90% 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: 174: (20%)
- US New High Stocks: 174 exceed New Low Stocks: 113: (20%)
Corporate Bond (HYG): (10%)
The corporate bond trying to form a higher low after bouncing from a slow 48 EMA, looking promising.
Nasdaq 100 Power Shares (QQQ): (20%)
The Nasdaq above EMA clouds, looking good.
IBD 50 ETF (FFTY): (20%)
The IBD 50 moved above EMA clouds with a good upside move.
At least 100 New Highs Today out of 8000+ U.S. Socks: 174: (20%)
US New High Stocks: 174 exceed New Low Stocks: 113 : (20%)
New Highs: 174
New Lows: 113
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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