Nasdaq reached new highs and all other indexes are positive, Gold reached all-time highs.
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 (100% Uptrend)
- Corporate Bond (HYG) – Moderate (20%)
- Nasdaq 100 Power Shares (QQQ): (20%)
- IBD 50 ETF (FFTY): (20%)
- At least 100 New Highs Today out of 8000+ U.S. Socks: 121: (20%)
- US New High Stocks Exceed New Low Stocks: 77: (20%)
Corporate Bond (HYG): (20%)
Corporate bonds trying to recover and stay above the EMA clouds closed above 13 EMA.
Nasdaq 100 Power Shares (QQQ): (20%)
The Nasdaq reaches a new high due to positive earnings from technology stocks.
IBD 50 ETF (FFTY): (20%)
The IBD 50 is above the EMA clouds, and it is trying to post higher. This indicates some level of confidence building in the corporate sector.
At least 100 New Highs Today out of 8000+ U.S. Socks: 121: (20%)
US New High Stocks Exceed New Low Stocks : 77: (20%)
New Highs: 121
New Lows: 77
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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