FREE MARKET UPDATE #188

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 good thing about last week: No new low! We are still far away from a trend change in the stock market, but the current situation could lead to another rally or short-term bottom.

First leadership is visible in the stock market and premium members already know the stocks. Be patient, do your home work and be prepared when the new rally starts!

Here is the content of the weekly free newsletter:

Comment on the current market situation
Stocks I am watching at the moment: $SWIR, $FNKO, $CLFD.
Trading tips: New bull markets often start out of nowhere

Thank you and good trading,
Julian

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MARKET CONDITIONS

The NASDAQ Composite is back below the EMA 21. That's bad! The EMA 21 was the key moving average in the last couple of months. The good thing: The index found support around 10,800 and that area was tested multiple time. Do we see a short-term bottom?

I see a divergence in the market indicators we observe in the premium community. They help us to assess the overall stock market health. The trend is still down, but there is little improvement and first leadership in stocks. Next week will be exciting!

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NASDAQ Composite (daily chart): The index created a clear support zone. Support zones can be broken and this is not a mid-term bottom, but maybe a short-term bottom which lead to a rally to the EMA 200. Watch the situation closely next week.

📈 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 24 stocks on my watchlist, 4 more as last week. I keep only the best stocks on the list. Leadership is thing, but I am prepared with the best stocks I can find.

📈 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 👇

$SWIR: IoT & wireless company with turnaround in sales and EPS. Very nice chart and strong volume. I personally think that this is a take-over candidate. A lot of activist hedge-funds are invested here. The stock looks ready to move higher if the market is moving up too. But be careful: This is a small cap, low float stock and can be very volatile.

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$FNKO: One of the strongest stocks I can find. Top fundamentals and nice base. But it's a small cap, low float stock and those stocks can be very volatile.

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$CLFD: Another communication / wireless stock with great EPS estimates & growth. It's a small cap stock too. The chart looks good, but I am not sure if the first breakout will be successful. There is no clear defined breakout level yet.

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TRADING TIPS

New bull markets often start out of nowhere

Everybody hopes that there is a clear sign that a new bull market will start soon. So many people are looking for secret indicators, statistics or whatever. The problem: Nobody knows the future. We can look into the past and see what worked years ago, but that does not mean that it will repeat exactly the same way.

My experience: Bull market usually starts when almost nobody expects that. They are born out of pessimism as John Templeton famously said. If there is a buyers vacuum and everybody already sold, a new bull market has the best chance.

The only secret to benefit from the next bull market: Be prepared! Only the prepared people are not surprised and have fear of missing out. They know exactly the stocks they will buy if a buy signal appears in the market.

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