Heatmap for the NASDAQ The Nasdaq Heatmap shows a mixed bag after the first half of the trading day today. Major stock market indexes traded mixed in the first half of Monday's session A Fed governor told traders and investors on Sunday to curb their enthusiasm after last week's spectacular price moves, fueled by a rotation out of 2022 winners, into all...
Our proprietary risk model for the US market changed to GREEN giving swing-traders a green signal to increase their exposure. Most technical indicators in our risk model improved versus last week and are now showing a green or al leaset a yellow light. Contrarian / psychological indicators like the bulls vs bear indicator are well in a range which would support a...
Heatmap NASDAQ for last week The heatmap for the Nasdaq for the last 5 trading days looks great. Many names could improve by more than 10% with only very few exceptions, TSLA being a big outlier last week. Overall a very promising week which could actually indicate that we are getting very close to the bottom of the current bear market. General Market Update...
Watchlist Update All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology. All stocks are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern. Here is the link to the updated watchlist: www.tradingview.com
The stock LLY on our US watchlist just broke out of a sound base and triggered a buy signal. We are adding a 1/2 position to our US model portfolio. SL can be set at 314.9 (4% risk). Profit target is > 10%.
JSE:BTI is trading in a parallel channel and has recently bounced off the bottom on its way up. It is also showing some nice upward momentum. I would say that we are looking at an upward move towards at least the 55000 level if not further up towards the top of the channel.
The general market action is discussed using the large US market indices and our updated watchlist is presented: www.tradingview.com The updated watchlist includes the following stocks: SHOP, ATKR, AFG, WIRE, MT, FND, SCU, POOL, VRTS, IDXX, AIG, HCA, BLDR, CNOB, ON, CAMT, CSTM, TTEC, AXON, CATO, PNFP