Welcome back :) This free newsletter contains a detailed market analysis video and 3 actionable stock trading ideas. Upgrade to get 25++ stock setups with a trading plan discussed in the paid episode.
This paid episode contains:
The premium video (31:42) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.
Market Discussion
Watch the free-preview video above extracted from the WLGC session before the market opens on 20 Aug 2024 to find out the following:
What does the low trading volume in the S&P 500 indicate about current market conditions?
What signals might indicate a reversal in the S&P 500’s uptrend?
The significance of the "failure bar" in the S&P 500.
The key level to watch out for a reversal in the S&P 500.
And a lot more...
Market Environment
The bullish vs. bearish setup is 452 to 36 from the screenshot of my stock screener below.
Both the long-term and short-term market breadth have improved significantly. However, traders need to pay attention to the low supply rally and the implications as discussed in the video.
3 Stocks Ready To Soar
3 “low-hanging fruits” trade entries setups + 22 actionable setups such as CHRW 0.00%↑ DYN 0.00%↑ RCL 0.00%↑ were discussed during the live session before the market open (BMO).
The change of character as discussed in the video above suggests the market structure has changed. If I were to trade, I would cut down to 1/2 of the normal position size and use conservative trade management to protect the capital.
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Disclaimer: The information in this presentation is solely for educational purposes and should not be taken as investment advice.
