Today $MRNA triggered for me, and it shows a perfect example of what my strategy is all about:
- enter momentum breakouts (and breakdowns) at EOD,
- trading 20/min day,
- with no discretion, no stress
and this is how I:
- had multiple 100%+ years since 2020 (check track
Looking at the market right now, feels like getting ready for a down move more than a leg higher, at least in the short term.
Below you can see my Breadth Monitor, and everything points to internal weakness:
- The LS Breadth indicator (upper right) shows the bull line hooking
Software exploding today, and I'm starting to see the first wave of breakouts showing up in my scans.
Just some of the best: $AMPL$PTC$INTA$CHYM
I've been talking about this for a while, as stocks follow their own trend cycle of:
- first fresh leg off the 50 EMA
- first
Totally agree with the stats shared below, although the QQQ posted a string of red days, everything supports a next leg up, and a pretty strong one.
The only 2 things I always look at to really get the feel of the market are:
- Individual stocks, and
- breadth (just stocks
Today I'm having a strong push, making up for the 2 days ago down day and some more, mainly driven by Healthcare and Financials.
My style of momentum breakout trading differs from the norm in the sense that I don't look for the "hottest" theme itself, the hottest stocks, the
The market today is red overall; the only stocks strong from the open are Memory stocks $DRAM, and today I got stopped out from 3 positions: $MANH$PAYX$TNET.
Now overall this is quite expected as Software stocks and others are pulling back a bit from here, after a major first
Here are my open positions at the moment, following my system.
Yesterday I got a few new longs entered at the EOD:
$THRM$MAN$MANH$TNET$PAYX
The market looks like it's going to go higher from here, especially because:
- the major indices are breaking out from big bases,
-
That's true, I swing trade momentum breakouts, and the only setup I trade is:
-> the First valid consolidation,
-> after a first leg (trend reset off the 50 EMA).
In phases as we are right now, breaking out from a major consolidation after a first leg from a new bull cycle, I
