The market ended on a good note end of the week, QQQ is comfortable above 13 EMA and 21 EMA. Summary of market analysis for week 40 Monday is 90% uptrend.
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: 160: (20%)
- US New High Stocks: 160 exceed New Low Stocks: 75: (20%)
Corporate Bond (HYG): (10%)
The corporate bond is not recovering due to tensions in the Middle East. It seems like it is losing confidence. It has gone below fast 13 EMA.
Nasdaq 100 Power Shares (QQQ): (20%)
The Nasdaq has reclaimed the faster 13 EMA. But, it lost some momentum at the end. So, it ended in the red.
IBD 50 ETF (FFTY): (20%)
The IBD 50 moved above 21 EMA. It pulled itself above the fast 13 EMA today. It bounced above the tight area while trying to break out, but there was no volume. Let’s see how it acts.
At least 100 New Highs Today out of 8000+ U.S. Socks: 160: (20%)
US New High Stocks: 160 exceed New Low Stocks: 75 : (20%)
New Highs: 160
New Lows: 75
Key Stocks – 30 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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