Specialist in William J O'Neil Growth stock theory.
Great success in Aussie market. My journey based on O'Neil Charting and Fundamentals. Life changing!!!
$DYL when you see strong volume like this on the back of a healthy trend that DOES NOT advance the price in line with the trend you need to think about who is feeding the supply side - good chance it's NOT retail #asx
Who likes homework?
Email yourself what the major indexes are doing RIGHT NOW!
Note what action would be "normal" for the next day
This must be done EVERY DAY!
The 🗝️is recognizing the difference between normal & abnormal action, look for +/- expectation breakers
Not Advice!
The stock market fell into a correction this week amid soaring Treasury yields. The S&P 500 and Dow broke below Aug. lows, with the Nasdaq nearly there. It's not a time to be buying stocks. 1/ https://t.co/h8d1x0oeIp $TSLA $ANET $GE $FDX $COST $META $SNPS $COST $LI $VRTX
$SLM trade setup - on my list posted this morning. Stand aside below 90 #asx
PS
(1) from my lists I mark up roughly 10-20 charts each day and add them to those previously marked up that are still current
(2) if something near about what I'm looking for happens I take the trade
(3) it's much easier do your thinking when the market is closed so when it's open you only have to react
(4) less than one in four end up going where I want them to go but those that don't and turn out "wrong" are easy to ignore - you can't dwell on them, you rethink them later after market
Today's surge on CPI, while strong enough to carry a bit further in the near term is a junk off the low rally led by the beaten down past leaders that are in strong down trends. To enjoy a sustainable new bull market, we need fresh new names leading the charge.
This morning's CPI report confirms my June 23 comment that beneath the surface inflation was peaking while the market had discounted much of the bad news and was close to a low.
@SaitoChung
Specialist in William J O'Neil Growth stock theory.
Great success in Aussie market. My journey based on O'Neil Charting and Fundamentals. Love your work.