Corporate bond breaks down showing some level of panic in the market, time to be little cautious.
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 (60% Uptrend)
- 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: 104: (20%)
- US New High Stocks Exceed New Low Stocks: 67: (20%)
Corporate Bond (HYG): (0%)
Corporate bond shows some level of panic it closed below slower 48 EMA with volume.
Nasdaq 100 Power Shares (QQQ): (10%)
The Nasdaq lost 13 EMA, indicating some level of panic in the markets. It is time to be cautious.
IBD 50 ETF (FFTY): (10%)
The IBD 50 is hovering. It lost the shorter 13 EMA but bounced off the slower 48 EMA and closed above it. This indicates some level of fear in the market.
At least 100 New Highs Today out of 8000+ U.S. Socks (NO): 104: (20%)
US New High Stocks Exceed New Low Stocks : 95: (20%)
New Highs: 104
New Lows: 95
Key Stocks – 24 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. Consult with a qualified financial advisor before making any investment or financial decisions.
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