The market recovered a little on Friday. It’s good to be cautious this week; the election will cause market volatility.
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): (10%)
- IBD 50 ETF (FFTY): (10%)
- At least 100 New Highs Today out of 8000+ U.S. Socks: 92: (0%)
- US New High Stocks Exceed New Low Stocks: 115: (0%)
Corporate Bond (HYG): (0%)
Corporate Bond has lost confidence and dropped huge on Friday.
Nasdaq 100 Power Shares (QQQ): (10%)
Nasdaq managed to close above the 48 EMA but not out of the woods.
IBD 50 ETF (FFTY): (10%)
The IBD 50 managed to close just above 48 EMA.
At least 100 New Highs Today out of 8000+ U.S. Socks: 92: (0%)
US New High Stocks Exceed New Low Stocks : 115: (0%)
New Highs: 92
New Lows: 115
Key Stocks – 18 Stocks on Radar, will wait out this week for stocks to prove themselves in the market volatility
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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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