FREE MARKET UPDATE #187

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 !

another rally attempt in the stock market. Will it be successful? We will see. I do not see much improvement in the market indicators and stocks. But if there is a follow-through signal, we have to take it seriously. That's the reason why I prepare the premium members with stock ideas and help them to be prepared to buy back into the market.

Here is the content of the weekly free newsletter:

Comment on the current market situation
Stocks I am watching at the moment: $VRTX, $HALO, $PRVA.
Trading tips: Highly recommend trading video with Charles Harris

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

The NASDAQ decided to move up from the lows and start another rally attempt. It fights with the 12,000 price mark and even if the NASDAQ can move above it, there will be no trend change. Have in mind that bottom building processes in the market can take weeks or months.

We are still in a bear market! It was not a small pullback! Before the market can move higher substantially, the bias of the market participants has to change. A real shake-out would be perfect, so that no sellers are left. Otherwise the market has to move sideways for some time to shakeout a lot of potential sellers.

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NASDAQ composite (daily chart): Index bounced back from the support trend line. Will it be able to move higher? The EMA 21 is important: Failed breakout or strength and follow-through? Observe it closely.

📈 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 20 stocks on my watchlist, 1 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 👇

$VRTX: Biotechs are strong. I already posted the most interesting charts in the premium community. $VRTX is more a slow-mover and institutional favorite, but it could move higher if biotechs are still in favor.

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$HALO: Another biotech name. Charts looks very good, but the stock is still choppy. Maybe we have to wait until the market improves.

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$PRVA: Interesting IPO in the medical business. Nice looking IPO base and good fundamentals. Base looks not ready right now, but definitely a stock to keep on the watchlist.

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TRADING TIPS

Highly recommend trading video with Charles Harris

I always look for true and good trading education. The video from Charles Harris is great! He spoke about his ups and downs and how difficult it is to keep a clear mindset in trading. Watch it!

Link: A Trader's Journey: Charles Harris

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