Pre-Live Session 131 (Week 8, 2024): Market Update in 30s

This is a pre-live session market update in 30 seconds for the paid subscribers (and free subscribers as I am still celebrating Chinese New Year).

WLGC Session 131 (Week 8, 2024) will start on 20 Feb 2024 (Tuesday), 8 pm (GMT + 8).

Click here for more details about the weekly live session.

Market Update in 30s

Here's the bullish view:

• The selloff in the S&P 500 last Tuesday did not follow through.

• The majority of the stock setups are holding up well (e.g. flat). Some like NFLX, FAS even rallied up.

However, the development of the overdue pullback/correction is getting clearer, from the market breadth perspectives and the price action (and volume) itself. These will be discussed in the coming session.

We are close to a meaningful market pullback, so make sure you prepare for it:

• Exit at least 1/2-2/3 of your positions to lock in profit while tightening the trailing stop.

• Take lower risks (than usual) when you initiate new positions (if you are still keen to)