A sudden drop in the Market (more than 2% in Nasdaq) without any reason shook off most stocks.
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 (20% Uptrend – Time to Be in Cash)
- Corporate Bond (HYG) – Moderate (0%)
- Nasdaq 100 Power Shares (QQQ): (0%)
- IBD 50 ETF (FFTY): (0%)
- At least 100 New Highs Today out of 8000+ U.S. Socks: 112: (20%)
- US New High Stocks Exceed New Low Stocks: 145: (0%)
Corporate Bond (HYG): (0%)
The sudden market move has caught everyone by surprise, Corporate Bond is losing ground and struggling to hold on.
Nasdaq 100 Power Shares (QQQ): (0%)
Stocks Tumble, Nasdaq 100 Selloffs As Tech Giants Disappoint in the earnings, Crypto Companies Plummet everything happening all at ones.
All major indices Lost 48 EMA time to go fishing.
IBD 50 ETF (FFTY): (0%)
The IBD 50 lost grounds as well.
At least 100 New Highs Today out of 8000+ U.S. Socks: 112: (20%)
US New High Stocks Exceed New Low Stocks : 145: (0%)
New Highs: 112
New Lows: 145
Key Stocks – 32 Stocks on Radar, many triggering buy points and breakouts
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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. You should consult a qualified financial advisor before making investment or financial decisions.
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