General Market Update Tech Stocks Continue To Slide After Meta Meltdown The stock market ended sharply mixed Thursday, as the Dow Jones Industrial Average finished with moderate gains. The tech-heavy Nasdaq composite sold off, as tech giant Meta Platforms (META) crumbled on weaker-than-expected earnings results. Amazon (AMZN) and Apple (AAPL) reported earnings...
“What's the difference between a pro and an amateur? Professionals look for what's wrong with a setup. Amateurs only look for what's right.” - Mark Harila Meaning : When you get to the point of being a professional trader, you look more for errors than anything else. Amateurs often fail to do that.
JS-Masterclass #4: What to look for during a Bear Market Correction? Many undisciplined traders have suffered significant losses during the current bear market correction. Professional and disciplined traders are staying on the sidelines and preserve their hard-earned capital while waiting for better times. The good news is that every bear market will eventually...
Darling Ingredients - a stock on our watchlist - just moved through a well defined pivot point and triggered a buy signal. We have added DAR to our model portfolio. DAR fulfills all requirements as defined in Minervini's Trend-Template and shows stable fundamentals. DAR is coming out of a long consolidation phase and a sound volatility contraction pattern. The...
“As much as possible you don’t want to be well paid merely for taking big risks. Anyone can manage that. You want to be well-paid because you did your homework.” - Joel Greenblatt Meaning : Being risky doesn’t pay off. What really pays off is researching what you’re trading and setting yourself goals.
“Traders need a daily routine that they love. If you don't love it, you're not gonna do it.” - Scott Redler Meaning: A truly inspiring trading quote to remind you that you need a trading style that fits in
In the recent tutorial 'Trading with the Trend - Stage Analysis', we have explained the importance of identifying stocks in a confirmed stage 2 uptrend using the 'Trend-Template'. What are the Fundamentals doing in a confirmed stage 2 Uptrend? The best stocks and buying opportunities available in the market meet the technical requirements according to...
General Market Update Megacap Techs Sink Nasdaq On Mixed Day Wednesday turned in one of the most lopsided performances among the major indexes in quite a while. X The headlines-making Nasdaq composite index sank 2%, halting a three-day rally. This index is market-cap weighted, put another way, what the 10 biggest companies do has tremendous sway every...
Meaning As a rule, when you first start trading, never risk more than one or two percent of your trading account on a trade. For example, if you have $3,000 in your account, never trade more than $30.
In the last tutorial, we have highlighted the importance to look for stocks in a confirmed stage 2 uptrend and explained why. But how can we use technical chart analysis can be used to identify stocks in a stage 2 uptrend? US investment champion Mark Minervini developed the so-called Trend-Template which can be used to screen for stocks in a confirmed stage 2...
The trend is your friend. This is a very old but true quote. Why is that? • 98% of big winning stock made the largest portion in their gain in a Stage 2 uptrend • Evidence that institutions are buying • Increase probability of success • Know what to expect under specific conditions – point of reference Your goal is not to buy at the lowest price – It’s to...
General Market Update The stock market uptrend continued to gain traction Tuesday as major stock indexes notched their third-straight bullish session. The Nasdaq composite rose above the 11,000 level with ease, ending with a gain of 2.2%. Nasdaq volume rose, completing a second follow-through day for the index. Advancing stocks outnumbered decliners on the Nasdaq...
General Market Update After the Nasdaq composite and S&P 500 made follow-through rally confirmations Friday, the stock market extended gains Monday. In the initial hours, performance was uneven. The Nasdaq composite and small caps lagged the S&P 500 and Dow Jones Industrial Average. But the Nasdaq composed itself in afternoon trading and closed almost 0.9%...
Our long term trend model for ETF investments moved to a buy signal two weeks ago and remains solidly bullish. ETF investors should be invested by 50-100%, pullbacks of the major US market indices can be used as low risk entry points. If you are still in 100% cash, I would look to add 25-50% on pullbacks in the SPY. With that said, the current environment for...
The stock market wavered on Tuesday as the post-Fed rally ran out of steam, although small caps and leading stocks performed better than most major indices. A mix of consumer, energy and health care leaders helped the index rise more than 1%, driven by a handful of outsize gains. Pockets of strength in software, chip, biotech, solar and internet stocks helped...
The futures of the major US indices fell modestly early Monday morning. The stock market rally passed an inflection point last week, making a decisive move higher. Investors should be adding to their positions with careful buys, not rushing to ramp up exposure. Markets are showing solid and improving technical action, but also appear to be betting on an optimistic...
The bulls were definitely dominating the stock market last week. And while it may be too early to celebrate and give it an all clear for breakout-traders, the fact that the market passed some key tests is worthy of increased optimism. Investors should still nimble. With the stock market having its best month since 2020, it would not be unusual for it to digest...
The stock market extended gains yesterday, in parallel the US economy officially entered a recession based on the commonly accepted definition. Amazon.com (AMZN) and Apple (AAPL) reported their quarterly results after the close and added to the market's gains: Amazon up 12% , Apple up 4%. Stock market futures conitnue to rally as well. The 10-year Treasury yield...