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 (23:00) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.
Bonus video (6:39): How the unwinding of the carry trade could impact the market
Bonus analysis on NVDA 0.00%↑
Market Discussion
Watch the free-preview video above extracted from the WLGC session before the market opens on 06 Aug 2024 to find out the following:
The 3 characteristics in the S&P 500 that form a directional bias
The significance of recent market volatility and how it compares to past corrections in the S&P 500.
Is the recent increase in the VIX signalling a buying opportunity or further market decline
What should investors expect in the short-term and long-term
And a lot more...
Market Environment
The bullish vs. bearish setup is 50 to 257 from the screenshot of my stock screener below.
The risk-off mode started on the failure bar on 1 Aug 2024 as discussed in the video above quickly changed the market environment. This is further confirmed by the big gap down in the market breadth, which we did not experience this year.
3 Stocks Ready To Soar Buck The Trend!
3 “low-hanging fruits” trade entries setups + 8 actionable setups MELI 0.00%↑ RKT 0.00%↑ GDDY 0.00%↑ were discussed during the live session before the market open (BMO).
Despite having a handful of the setups, my preference is to wait until the volatility settles down because trading in this elevated volatility environment is likely to get whipsawed.
I am holding cash and waiting for the born of the next batch of market leaders. No rush to jump in to trade the technical rally.
Want to spot the tell-tale signs before the selloff?
Click here to join me live every Tuesday so you will get 25++ (and more) actionable stock in a video with entries trigger and stop loss (so that you can calculate the position size), special topics (trading/investing), trade reviews, and get your stock analyzed and questions answered, at a fraction of your stop loss per trade.
Click here to achieve consistent success in any market without complex indicators or confusing financial statements.
Subscribe to my YouTube Channel for more free market & stock analysis
Professional free Charting platform: Create an account→ www.TradingView.com
***********************************************************************************************************
Disclosure: If you click the links in this article and make a purchase or open & deposit the required amount into the recommended broker accounts, we earn a commission at no extra cost to you.
Disclaimer: The information in this presentation is solely for educational purposes and should not be taken as investment advice.
