The stock market posted new highs. S & P and Dow Jones reached all-time highs. Nasdaq and Russel are catching up.
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: 166: (20%)
- US New High Stocks Exceed New Low Stocks: 57: (20%)
Corporate Bond (HYG): (10%)
The corporate bond closed just below 13 EMA but not with volume confidence.
Nasdaq 100 Power Shares (QQQ): (20%)
The Nasdaq broke out of the range and aimed towards the all-time highs.
IBD 50 ETF (FFTY): (20%)
The IBD 50 breaks out to new highs indicating trend change.
At least 100 New Highs Today out of 8000+ U.S. Socks :166: (20%)
US New High Stocks: 165 exceed New Low Stocks : 57: (20%)
New Highs: 166
New Lows: 57
Key Stocks – 40 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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