Hi ,
the stock market continued the uptrend. Trends lasts longer as you think – that’s the message you should always have in mind. No matter what I write about the market situation in my newsletter, the market is always right! If the market wants to go higher, follow the market, not me and not your opinion. That is the basic principle of trend following. I see improvement in the chart patterns which developed in the last weeks in many growth stocks. The most of them are more or less short-term bases with 4-5 weeks of consolidation. That’s typical for the current market situation. We are not in a young uptrend anymore. Short-term bases are tradable, but you have to adjust your exit strategy, because short-term bases lead to short-term trends. Here is what you will find in this newsletter:
- Questions and answers from the subscribers forum
- Comment on the current market situation: NASDAQ caught up last week
- Stocks I am watching at the moment: $NET, $MDB, $FTCH
- Trading video: How to use the Relative Strength Line (RS Line) for stocks
If you have questions, please use the subscribers forum.
Thank you and good trading, Julian
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