***THE NEXT MARKET VIDEO WILL BE POSTED BY SUNDAY, OCTOBER 18th AT 9AM EST. THANK YOU*** The market continues to act well. We had a surprisingly strong day on Monday and it ended up being a “Follow Through Day” (FTD) for the Nasdaq Composite. This FTD wasn’t necessary to confirm a new uptrend because the [...]
Some articles on the Breadth Thrust Indicator developed by Marty Zweig: https://www.metastock.com/customer/resources/taaz/?p=37 https://www.investopedia.com/terms/b/breadth-thrust-indicator.asp https://www.thechartreport.com/10-09-20/ https://twitter.com/edclissold/status/1314591382477180930 To access this content, you must purchase a membership.
The price action in many individual growth stocks continues to be strong. As I’ve mentioned many times, 90% of what I use to judge the health of the market is the price action of stocks. Over the past two weeks, stocks have stabilized from the drop in September and many continue to breakout. We also [...]
Just to review what I have discussed in recent videos, I view the pullback we had in September as a normal 8-12% correction within an overall uptrend. I am basing this interpretation on three factors: 1) The price action of stocks 2) The Fed and 3) Sentiment. Over the past two weeks, I have increased [...]
Possible setups for this week: BILL, SHOP, ZS, AMZN, JD, NFLX, TSLA To access this content, you must purchase a membership.
To access this content, you must purchase a membership.
I feel that the pullback in September was a normal 8-12% correction within an overall uptrend. This analysis is mainly based on the price action of stocks. As I mentioned in recent videos, I don’t think we will shoot straight up to new highs, but I also don’t see any SUSTAINED downside because of 1) [...]
Over the next month, the news will be toxic with all the election and debate stories. I encourage everyone to do their best to shut out the noise and focus on price action. I say this because too many people missed out the strong uptrend that started in early April because they were negatively influenced [...]
Someone asked me during the webinar if I use statistics such as “percentage of stocks above a certain moving average.” I don’t use them often but here is an example of how someone I follow uses them: https://twitter.com/AndrewThrasher/status/1309115636036050949 You can view them on your own using these FREE helpful links from Stockcharts: S&P 500 Stocks [...]
In my Educational Product, I produce videos twice a week with market analysis and stock ideas. I also conduct regular Stock Screening Webinars. The next webinar is Monday, September 26th at 7PM EST. Here is a clip from the video I produced for members this weekend. Please keep in mind that I will not regularly [...]