FREE MARKET UPDATE #189

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 !

it's always fascinating: You do your homework every day, you are prepared and as soon as the market turns into a new uptrend, you already own the leaders. Premium members are able to follow this process in my videos and in the community.

Knowing the new potential leaders is so important. They are the first stocks moving higher on good volume, have great fundamentals and after a couple of weeks they moved significantly while all other stocks often underperformed the market. Premium members already know the high potential leaders since weeks now!

You can now try out the MARKET UPDATE Premium 30 days for free 🤑 and benefit from my work:

Here is the content of the weekly free newsletter:

Comment on the current market situation
Stocks I am watching at the moment: $HALO, $HRMY, $PRVA.
Trading tips: Study past and historical charts

Thank you and good trading,
Julian

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MARKET CONDITIONS

The NASDAQ turned into a new uptrend. I posted it in real-time in the Premium community as soon as the market indictors switched to green.

What's next? The market could rally and retest the EMA 200 and work on its mid-term base. Of course we could fall back anytime, but you never know it for sure. The big money is made on the long side and that's why you have to buy something as soon as you get a buy signal from your trading system.

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NASDAQ Composite (daily chart): I highlighted the support zone of the NASDAQ in the last issue. It held again and the index bounced back. If the bullish scenario will be true, we have to see a quick rally now to the June high.

📈 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 for free!

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3 LEADING STOCKS

This week I have 25 stocks on my watchlist, 1 more as last week. I have a couple of leaders on the list which already move higher.

📈 You can get full access to the watchlist & videos in the MU Premium member service. You can try it out 30 days for free!

All weekly charts below 👇

$HALO: Biotech stocks are leading. The cup pattern and move last week in $HALO looks very good. I like the strong estimates! A consolidation would be helpful to buy the stock right.

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$HRMY: Premium members observe the stock since weeks now. Last week it broke out and moved higher. It's one of the best IPO stocks and it is in the right sector. Hopefully we will see a follow-through now.

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$PRVA: Great move last week! Stock is now extended and need a consolidation. It was on the members focus watchlist last week. It's one of the leaders in the new health area (companies with new, innovative healthcare concepts). Maybe this is one of the new leaders if the market can follow-through here.

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TRADING TIPS

Study past and historical charts

How did William O'Neil developed his CANSLIM system? He studies historical charts! The same is true for many other traders.

As a trader in the computer age you have the huge benefit of studying historical charts very convenient on your PC. You do not have to go to the library and checking thousands of newspapers or chart books. Use this advantage!

Over years I went through 5 historical charts every day … I opened e.g. $AAPL, scrolled back to the first bar and went through the whole history. If you do that over a couple of years, you will train your eyes and brain and it will become easy for you to recognize all the patterns and chart details.

The same is true if you are confronted with a difficult situation in the market. Go back in time: Scroll through the S&P 500 chart, google for topics (e.g. inflation, stagflation & stock market) and start your research. I am sure that you will stumble upon a similar situation in the past and can learn from it. History repeats over and over again, but not in exact the same way …

Too many people do not want to do the hard work, but it is necessary to become a professional traders. Professional traders do not have problems with hard work. It's their foundation of making money. 95% of the work they do has nothing to do with buying or selling anything.

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