Here are the links to the tweets I posted in order of their appearance in the video:
https://twitter.com/sentimentrader/status/1265595555293601793
https://twitter.com/jkrinskypga/status/1266157557820907521
https://twitter.com/ukarlewitz/status/1266155778395656197
https://twitter.com/SJD10304/status/1266549642986049537
https://lplresearch.com/2020/05/29/strong-breadth-surge/
https://twitter.com/RandyAFrederick/status/1263796953902485504
The positives in the market include very little distribution, the leaders continue to act well, and there is so much liquidity being provided by the global central banks. The negatives include some sentiment measures are getting overheated, many leaders are extended from proper buy points, and the upcoming seasonality because June tends to be a difficult month. How I am dealing with this right now is by being approximately 50% invested. There are still plenty of leaders showing incredible strength and the market continues to be very resilient. If we go higher, I still have exposure, and if we correct over the next few weeks, I will look to put money to work at logical support levels in the leaders. Again, I am short-term cautious but longer-term bullish which is why I encourage everyone to know their own timeframes. Thank you and good luck this week!
Topics covered:
1) 0:00 Announcements
2) 1:00 Market Commentary (Review of some statistics – links posted above)
3) 11:10 Index Review: Nasdaq Composite, S&P 500, Russell 2000
4) 15:30 Stock Review – Leaders: MSFT, AAPL, NFLX, AMZN, NVDA, SGEN, VRTX, DXCM, NOW, OKTA, VEEV, TEAM, COUP, SDGR, BTAI
5) 25:00 Stock Review – General Ideas: DT, AYX, DOCU, DDOG, KOD, KRTX, LVGO, NLTX, PLMR, ZS, REGN, SLP, TSLA, BBIO, IDXX, NLOK, TWLO, ZNTL, ZM, CHGG, LSCC
6) 35:45 Stock Review – Top 5 Buyable Entries: ICAD, FSLY, PRVB, MTCH, KLAC
7) 38:00 Conclusion/Summary