FREE MARKET UPDATE #183

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 stock market did it again: Rally attempt! Will the rally attempt be successful or not? We will see … but I see a lot of improvement and good setups on my watchlist. I presented dozens of high potential leaders in the MARKET UPDATE member community.

If the market is changing, you want to change too. William O'Neil said: If there is a follow-through day, you want to go out and buy something. That does not mean you have to buy big positions, but first test positions. My market indicators allow buying new positions now and I follow them!

Here is the content of the weekly free newsletter:

Comment on the current market situation
Stocks I am watching at the moment: $ALB, $WES, $LVLU
Trading tips: The job of a leading stock is to lead

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 stock market will always surprise you! It can turn around quickly and you are sitting on the sidelines. Doing your home work, being prepared, having watchlist with potential buy candidates and not losing the connection to the market is the key.

There is no need to jump into the market with both feet, but you want to increase exposure if the market is giving you a buy signal. Go with the trend and market!

NASDAQ, S&P 500 and Russell 2000 jumped above the EMA 21. My market trend indicator jumped from red to yellow to green and other market indicators improved. That signalized a trend trend change. You don't know if this is the start of a new bull market, but every bull market started with a trend change.

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NASDAQ composite (daily): EMA 21 is broken now! Potential rally to 12,580 resistance. Observe the price behavior close for weakness or strength. I talk a lot about that in the Premium video report and show multiple possible scenarios.

📈 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 37 stocks on my watchlist, 7 more as last week. New, high potential leaders are setting up right now! 📈 You can get full access to the watchlist in the MU Premium member service. You can try it out 30 days without any risk!

$ALB: Lithium stocks and chemical special stocks are in favor of the market. Maybe the new leaders. I like the base very much and I like the outstanding volume. Besides $ALB I have other lithium leaders on my list!

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$WES: Oil / gas transport & pipeline stocks are still very interesting. This one is setting up and breaking out of a nice base. It's not the fastest stock, but I like the volume and good EPS growth.

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$LVLU: A new young IPO stock exploding to the upside on very good volume! That's very good to see. You always want to look for young, new stocks which are growing fast if the market does a rally attempt.

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TRADING TIPS

The job of a leading stock is to lead

William O'Neil said that the most leaders setup in the 5-7 weeks after a follow-through day. That's true, but there are early leader which setup before a follow-through day takes place. That makes it very difficult to buy in the leaders very early. Remember: Leader lead and that means they can go against the market trend and move up before the market turns around.

Important characteristics of a leading stock:
1. Relative strength line (RS line) is moving higher and the stock outperforms the market.
2. Leading stocks stop going down while the market is still in a correction.
3. Volume shows clear accumulation (large volume on up days).
4. They can reach a new 52 week or all-time high while the market is still down.
5. Often they belong to a top group or new theme in the market.

Traders are often surprise that they miss a leader and the best buy opportunity. They always wait for the market to give them a clear, trustful buy signal. The problem is that there is never certainty in the market. What looks good today can look terrible tomorrow. If a leader gives you a buy signal and the market is in a rally, you have to buy it. Risk management will take care of the down side and protect you against a big loss.

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