FREE MARKET UPDATE #185

Free weekly stock market education service with 3 stock ideas.

Disclaimer: The content is for educational purpose only. No investment advice. Please read the full disclaimer.

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Hi !

the rally attempt lasted only 2 weeks and the market more or less moved sideways! Very weak price action. I warned the Premium members 💎 on Wednesday and Thursday and reduced exposure aggressively on Thursday. I even sent out short trading ideas on Thursday to prepare the Premium members. In hindsight it was the right timing.

Professional support can help a lot in uncertain market situations. I learned a lot from other traders, especially in bad times! It's not the good times where you learn a lot, it's the bad time when everything is difficult and frustrating.

Here is the content of the weekly free newsletter:

Comment on the current market situation
Stocks I am watching at the moment: $WWE, $SWAV, $TNK.
Trading tips: Prepare yourself for the next trading week

Thank you and good trading,
Julian

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🚨 MARKET UPDATE Premium: The 💎 membership service with access to my watchlist, live market and stocks commentary and weekly in-depth analysis video.

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MARKET CONDITIONS

Market went below the EMA 21 again. I repeated it over and over again in the Premium service: Be prepared to reduce your exposure if the market is moving below the EMA 21. That's the dominant moving average in the stock market at the moment.

We can move much lower from here. Even a retest of the Feb 2020 highs is possible! The market is too weak and a lot of stocks are moving down. Be prepared for everything!

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NASDAQ composite (weekly): You can see the clear downtrend in the weekly chart. A potential target is the Feb 2020 high and 12 year uptrend around 10,000.

📈 Do you want to see the full analysis? I post a 1 hour in-depth analysis video (indices, commodities, stocks, mindset & psychology) every week in the MU Premium member service. You can try it out 30 days without any risk!

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3 LEADING STOCKS

This week I have 49 stocks on my watchlist, 4 more as last week. Most stocks need more time to consolidate, but I always do my home work and watch early leaders!

📈 You can get full access to the watchlist & videos in the MU Premium member service. You can try it out 30 days without any risk!

All weekly charts below 👇

$WWE: Stock is holding up very nicely in comparison to a lot of other stocks. I like the strong EPS estimated here. New EPS records! However, the base still needs more time to finish the right side.

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$SWAV: One of the best growth stocks I can find at the moment. Great chart pattern and company is becoming profitable! Definitely a stock to observe if the market is turning around.

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$TNK: I highlighted tanker stocks very early in the Premium service. If oil is in demand and oil companies expand their capacities, the stuff has to be transported. EPS estimated for tanker stocks are strong. Not sure if they can move higher in the current market environment.

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TRADING TIPS

Prepare yourself for the next trading week

I do the most home work at the weekend. I go through my screeners, update my watchlist and prepare a focus watchlist, if I find interesting stocks which can trigger a buy signal next week. Doing your home work on the weekend gives you an advantage: The market is closed and you can do your routine without any pressure!

The most important thing I try to find out at the weekend: How are the odds to make money next week? I look at the indices, single stocks, sectors, commodities etc. and use all this information to create scenarios. These scenarios are very simple: If A happens, it's very likely that B follows. Example: If the NASDAQ falls below the EMA 21, it's very likely that it will continue to move down and that means I have to stop buying new positions or add to existing ones.

I create bullish, bearish and sideways scenarios. With that I am always prepared. I know exactly what I will do if something happens in the market. I have no idea how the market move will look like, but I am prepared if the move takes place.

Are you prepared for next week? Do you have scenarios and action plans prepared? I highly recommend it.

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