MARKET UPDATE #160
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 very volatile week in the stock market. I added several lessons about the current market situation and my own trading in the GROWTH TRADERS VIDEO course. It's the perfect situation to learn a lot how to protect monetary and mental capital.
We have to be patient! Last week it looked like that there is a window of opportunity, but if failed quickly. I have nothing interesting on my watchlist at the moment. Of course, there are several stocks reaching new all-time highs but they don't fit to my style and criteria. Patience is the key.
Here is what you will find in this newsletter:
- Questions and answers from the subscribers forum
- Comment on the current market situation: NASDAQ 100 outperforms the broad market
- Stocks I am watching at the moment: $PUBM, $SLAB, $SNOW
- Trading tips: Does it make sense to switch styles based on the market?
If you have questions, please use the subscribers forum.
Thank you and good trading,
Julian
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Info: I have to increase the price in 2022! So be quick and join for the old price.
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➡️ Click here and use your 10% discount for my video course! |
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QUESTION AND ANSWERS
No new question or answer this week. You have to register for the forum! If you have an account, you have to login.
Do you have a question for me? Use the free forum. Links are below!
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MARKET CONDITIONS
Will there be a new upmove soon?
All indices are sitting at important support levels at the moment. We saw huge volume on Friday and a reversal (option exercise day!). Maybe the short-term bottom is in. It's too early, but watching the market and stocks on your watchlist is important now.
All my market indicators and models are still negative. That could be a sign that we need more time and another 1-2 weeks of consolidation before the market will move higher.
Never forget the bearish scenario. The broad market (Russell 2000) and all growth indices are still in a bad shape. If we will see another bad say in the indices, the stock market can break through important support levels and trigger another correction. I am very cautious, but optimistic as ususal. |
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NASDAQ Composite: After a 6-7 weeks consolidation, an upmove becomes more likely. But be careful: The broad market is still in correction! All my market models / indicators are still negative. |
3 LEADING STOCKS
This week I have 17 stocks on my watchlist, 5 less as last week. 17 stocks is a very, very low number! My niche is not in favor of the market right now.
Would you like to learn how to find stocks like below? Look into my video course Growth Traders Toolbox. |
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$TENB: I am not so familiar with the story of this stocks, but it held up very nicely in the last days. The company is engaged in vulnerability management and cyber security and provides a software package for that.
I personally don't like the volume foot print. It shows no clear accumulation of the stock. The numbers of funds owning the stock didn't grew in the last quarters and the growth of the company is mediocre.
Sales growth in the last 3 quarters: 20%, 21%, 23%. EPS growth in the last 3 quarters: 244%, 125%, -22% (!). EPS estimated for 2021 and 2022: 63% and 16%.
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$DDOG: If highlighted the stock several times in the past. $DDOG provides software for dev-ops and cyber security. In my opinion it could be another long-term leader in the software business.
Sales growth in the last 3 quarters: 51%, 67%, 75%. EPS growth in the last 3 quarters: 0%, 80%, 160%. EPS estimated for 2021 and 2022: 82% and 45%.
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$PI: A semiconductor stock. The company provides RFID chips which are needed for tracking goods or tagging things and identify them wireless. It's a fast growing market and it belongs to the IoT sector.
The stock is more a small cap and can be more volatile as other stocks. So be careful with position sizes. The relative strength is outstanding.
Sales growth in the last 3 quarters: -5%, 79%, 60%. EPS growth in the last 3 quarters: -92%, 144%, n.a.. EPS estimated for 2021 and 2022: positive and 255%.
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TRADING VIDEO
Trader Chat with Olivier Tischendorf: Mindset, psychology, stocks
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