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I have 31 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #171
    Join Date
    Jun 2009
    Location
    Earth (Mostly)
    Posts
    761

    Default Market sentiment for week ending May 7, 2021

    Market sentiment for week ending May 7, 2021

    Short Term Bias: Neutral
    Long Term Bias: Bullish

    I have included annotated daily charts for the NASDAQ and Dow. The S&P is very similar to the Dow and so I have not included a separate chart for it.

    Despite making a new high, the NASDAQ was down, week-over-week, and finished the week poorly with a pronounced topping tail and a weak finish. The S&P and Dow continue to consolidate and do not necessarily look weak as this consolidation is near their highs. The longer they stay in this consolidation pattern, however, the higher the risk that the indices will correct. For this reason, my near term bias is neutral, maybe even slightly bearish. Long term, all three indices remain well within their uptrending regression channels, so my long term bias remains bullish.

    Annotated Daily Chart for the NASDAQ:
    https://www.dropbox.com/s/3f79yhqbmx...02021.jpg?dl=0

    Annotated Daily Chart for the Dow:
    https://www.dropbox.com/s/u2fav6qh5z...02021.jpg?dl=0

    Here are the stocks I will be watching to start the week:
    Day Trade and Swing Trade Long Candidates:
    TBA, VXRT, ZIM
    Day Trade and Swing Trade Short Candidates:
    AMKR, EOLS, LITE, SBSW, SI, TWTR
    Buy and Hold Candidates:
    (none)
    Interesting Recent IPOs:
    (none)

    Good luck with your trading and investing.

  2. #172
    Join Date
    Jun 2009
    Location
    Earth (Mostly)
    Posts
    761

    Default Market sentiment for week ending May 14, 2021

    Market sentiment for week ending May 14, 2021

    Short Term Bias: Neutral
    Long Term Bias: Neutral

    I have included annotated daily charts for the NASDAQ and Dow. The S&P is somewhat similar to the Dow and so I have not included a separate chart for it.

    Well, the NASDAQ pitched a fit this week and headed for the exits, finishing significantly down week-over-week. It even close on a weak note after attempting a little bit of a rally on Friday. In contrast, the Dow remains strong, breaking out of its consolidation and finishing higher week-over-week, making new highs in the process. This divergence puzzles me a little, but leaves me in a neutral state for both the short and long term. I don’t believe the market as a whole can continue to prosper while one index shows weakness and another shows strength. For the long term, in particular, for me to believe that the overall market is bullish, I will need to see some signs of life in the NASDAQ. Right now, all I see are strong downdrafts and tepid rallies.

    Annotated Daily Chart for the NASDAQ:
    https://www.dropbox.com/s/ydqdnzivjp...02021.jpg?dl=0

    Annotated Daily Chart for the Dow:
    https://www.dropbox.com/s/aadyhojscg...02021.jpg?dl=0

    Here are the stocks I will be watching to start the week:
    Day Trade and Swing Trade Long Candidates:
    AXL, CARG, OIS, RES, VRAY, ZIM
    Day Trade and Swing Trade Short Candidates:
    CLNE, FUTU, SHAK, SI
    Buy and Hold Candidates:
    (none)
    Interesting Recent IPOs:
    (none)

    Good luck with your trading and investing.

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