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 (29:05) 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 25 Jun 2024 to find out the following:
What it means for the Nasdaq 100 to be in an extremely overbought condition and how to identify these levels.
How the current Nasdaq 100 rally compare to previous rallies in terms of momentum, volume, and duration?
Key indicators that signal potential pullbacks or reversals in the market, and what traders should look out for.
What historical patterns can traders look for to anticipate the next move in the Nasdaq 100.
And a lot more...
Market Environment
The bullish vs. bearish setup is 266 to 137 from the screenshot of my stock screener below.
Heavy profit-taking was spotted on 20 Jun 2024 in Nasdaq 100, especially the semiconductor industry group SMH 0.00%↑ as posted last week in Substack Note below:
Despite the pullback in Nasdaq 100 QQQ 0.00%↑ and the S&P 500 SPY 0.00%↑, the number of the bullish setups increases.
This is further confirmed by the short-term market breadth, indicating potential rotation from the technology heavyweights into Dow Jones DIA 0.00%↑ and Russell 2000 IWM 0.00%↑.
3 Stocks Ready To Soar
10 “low-hanging fruits” TGTX 0.00%↑ HIG 0.00%↑ trade entries setups + 14 actionable setups MMYT 0.00%↑ were discussed during the live session before the market open (BMO).
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Disclaimer: The information in this presentation is solely for educational purposes and should not be taken as investment advice.
