1/2 📈Market Report: Key Indications and Scenarios, Momentum Stocks, Earnings Coverage, Futures Market, and Buy Signals Analysis.
This is 1 of 2 of our weekend report.
Greetings Traders,
Last week's market performance should not have come as a surprise to our readers. We had been discussing the market breadth being overbought for nearly three weeks, followed by numerous failed breakout attempts in individual names.
However, market sell-offs create opportunities, especially for strong stocks that see a pullback. As traders, we should always be on the lookout for such opportunities.
Congrats🎉
I would like to extend a massive congratulations to our readers who profited from our NFLX 0.00%↑ short call under $365. We identified a key technical and fundamental signal to support our short thesis, resulting in the stock plummeting from $368 to $317. Congratulations to all who profited from this move!
In this report we will cover:
Part 1: Key Indications of Market Breadth and Scenarios for the Upcoming Week
Overview of Market Breadth
Discussion of Scenarios for the Week
Part 2: Momentum Stocks to Watch and Flash Alerts
Stocks to Watch for Traders
Flash Alerts on Featured Stocks
Part 3: New Stocks Earnings Coverage
Handpicked New Stocks Earnings Coverage
Overview of Featured Stocks
Part 4: Futures Market and Potential Trades
Discussion of Futures Market
Potential Trades Based on Market Trends
Part 5: Prior Earnings Handpicked Stocks
Review of Prior Earnings Handpicked Stocks
Evaluation of Buy Signals
Part 6: Summary
Recap of Key Points
Final Thoughts on the Market
This report features Part 1 and Part 2 as we are preparing the rest of the report now.
Market Breadth Analysis
In this segment, we will analyze the technical conditions of market breadth after a week of strong selling. Over the past three weeks, we have signaled overbought top signals, with the number of NASDAQ stocks over the 50-day simple moving average reaching an all-time high. This discussion on market breadth is crucial as it helps with conviction and position sizing for traders.