Is HDFC Bank Finished?Is HDFC Bank Finished?
The leader remains leader. Today, the counts of HDFC bank came to the eyes. And I thought to share with you guys.
Please like share and comment if something you find better.
Regards.
Leadership
US TOP-Stocks: Watchlist Oct 28General 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 late Thursday. Amazon shares dived almost 20% in extended trade, while Apple stock fell about 1%. Nasdaq 100 futures were sharply lower in response.
Stock Market Rally Struggles
After two straight days of heavy selling on the Nasdaq, the young stock market uptrend is clearly struggling to gain traction. The market is still in a confirmed uptrend, so investors have the green light to buy strong breakouts. However, given the precarious action seen in recent sessions, and after a few failed follow-through days earlier this year, it's logical to keep exposure limited to 20% to 40% of a portfolio until the overall stock market environment improves.
We continue to track companies that handily beat earnings results and have strong upside reactions and could be the leader of the next bull market.
Updated Watchlist
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.
Here is the link to the updated watchlist:
www.tradingview.com
COP Oil names still leadersPost breakout shakeout makes this setup interesting. Oils stocks are leaders and we may be finding a bottom on the market for now. Even tho my personal opinion tells me this stocks already had their run, price and volume action tells me otherwise. I will be disciplined with my methodology and buy a small position as a toe in water.
YETI Emerged out of a Bear Market as a New LeaderYETI Emerged out of a Bear Market as a New Leader
This stock IPO'd in a bear market and help up pretty well.
Formed a nice Cup & Handle. The best cups seem to form in Market Corrections.
SHOP Emerges from Bear Market as New LeaderSHOP Emerges from Bear Market as New Leader
Triple-Digit Earnings Surprises
High Relative Strength in a Bear Market
Big Gaps immediately after Market Follow Through Day
Sideways action on Low Volume
Next market leader? $VIRTVirtu Financial is an American company that provides financial services, trading products and market making services. Although its fundamentals aren't what I ussually look for, its technicals are showing real strength in a market that laks strength.
After a nice leg up from a long cup & handle NASDAQ:VIRT took a rest and formed a nice flag pattern. In which, yesterday made a breakout and I bought a small position.
This flag has a flagstaff of 6.76 points. TA rules state that after the breakout, the price should reach the same 6.76 points up. That would be equal to target price near $42, or a +19% advance. But I'll be very cautious as there is a strong resistance level at $38.
With a IBD RS rating of 95 and a number 3 in the IBD Industry Group Rank, Virtu is posted to be one of the leaders of the next bull market. Today is a good example of leadership as is having a good follow through day with an up day of +3% while the NASDAQ is down -1.70%.
Leaders within Leadership (a.k.a. Fish where the Fish Are!)As breadth deteriorates across major indices, managers look to hold outlying leadership. This week it has been performance in tech and consumer discretionary holding up the S&p 500. If you drill into the top holdings of $XLK, the info tech sector, you see selling pressure in Adobe $ADBE, Salesforce $CRM, Microsoft $MSFT and others. There are only a few leaders within the leading sector. Apple Inc. $AAPL and NVIDIA Corporation $NVDA are standouts.
The GoNoGo Chart above shows the trend conditions of NVIDIA Corp.'s relative strength against the tech sector $XLK. Unlike $APPl which has a choppy relative trend, $NVDA has steadily outperformed the sector. In turn $XLK has outperformed other sectors in the S&P of late. With 84% outperformance of the technology sector since the "Go" was flagged in May, NVIDIA Corporation is checking boxes for both absolute and relative performance.
Note, GoNoGo Oscillator(R) is testing the zero line where we will look to find support if this trend is meant to continue. GoNoGo Squeeze(R) is beginning to build the amber grid. The longer momentum is at neutral the greater the likelihood for a high vol move in the direction of the break.
NASDAQ LONG OPPORTUNITY<ElliotWave5thWave Breakout>As the title suggests. Here is my prediction for the NASDAQ.
We won everybody. We f'ing won!!!
Fantasy markets into perpetuity for all. Praise our handler overlords and their leadership!!
