MARKET UPDATE #153

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.

‌

‌

Hi ,

only 50% of all US stocks are above their 200 moving average, but there are some very strong moves in leading growth stocks. Stock pickers get rewarded in this market. That's a type of market I feel comfortable with.

All people trying to predict the end of a bull market get hurt until the market really turn around. That's why trend following gives you an advantage. You don't predict, you react to a change in the market. If there is no change, you are doing nothing! You can have opinions, but as long as the market is going up, you stay in the market and benefit from the trend.

Here is what you will find in this newsletter:

Questions and answers from the subscribers forum
Comment on the current market situation: New all-time high in the NASDAQ!
Stocks I am watching at the moment: $ENPH, $MDB, $MQ.
Trading tips: 6 signs that you are too emotional in trading and how to overcome it

If you have questions, please use the subscribers forum.

Thank you and good trading,
Julian

‌

‌

My friend Olivier Tischendorf reviewed my video course and wrote a testimonial for me. I learned so much from him and his member service over the years! Thank you Olivier.

➡️ Start now and use your 10% discount for my video course! ⬅️

‌

QUESTION AND ANSWERS

1 new question or answer this week. You have to register for the forum! If you have an account, you have to login.

1) How many different stocks do you typically buy to become fully invested?

Do you have a question for me? Use the free forum. Links are below!

Visit the forum

‌

MARKET CONDITIONS

New all-time high in the NASDAQ!

The market is in a clear uptrend. When an index like the NASDAQ or S&P 500 reach a new all-time high, you have a clear evidence that it's a bull market and you want to stay on the long side.

The leading growth indices like ARK Innovation, IBD 50 and Russell 2000 growth still need some time. Especially the ARK Innovation and Russell 2000 need to catch up and follow through to the upside. But that should not block you from having long exposure in the market. There are enough growth stocks which are moving higher.

I have no idea how long the new uptrend will last. Another 4 weeks? 3 months? Will we see an exhaustion run or not? Be prepared for everything and adapt to the situation quickly.

‌

NASDAQ composite: A new all-time high! The NASDAQ is very strong. Maybe there will be some volatile consolidation around the highs, but the probabilities are very high that we will move higher. Have in mind that the market is extended and moving very fast. I highly doubt that we will see a lasting trend for some months. It looks more like an exhaustion run.

‌

3 LEADING STOCKS

This week I have 27 stocks on my watchlist, 3 less as last week. I try to focus on the best names at the moment.

Would you like to learn how to find stocks like below? Look into my video course Growth Traders Toolbox.

$ENPH: Solar stocks caught my attention last week. Always when oil prices rise, solar become a good alternative and that's why solar stocks are moving higher.

$ENPH reacted good to the earnings report and a lot of other solar stocks are moving higher too. $ENPH also presented new products in the energy storage sector. They are entering new markets and expanding into new sectors. However, I am not sure what the market expects here. The earnings report and not a huge surprise for me. Maybe I have to do more research.

Sales growth in the last 3 quarters: 47%, 152%, 97%. EPS growth in the last 3 quarters: 47%, 212%, 100%. EPS estimates: 67% for 2021 and 31% for 2022.

‌

$MDB: You know this stock already from recent issues of the newsletter. $MDB provides cloud based database services and is very popular. The company grew very fast in the recent years.

I like the chart and volume contraction very much. There are other, stronger names in the software sector, but $MDB is clearly a leader.

Sales growth in the last 3 quarters: 38%, 39%, 44%. No positive quarterly EPS or EPS estimates.

‌

$MQ: The stock caught my attention last week because of the huge volume which came into the stock. $MQ provides credit card services. If you want to issue a credit card for your customers, $MQ is the company which do it for you. They are benefitting from all the fintech companies and services.

Please have in mind that the stock is still very volatile and maybe need more institutional support before it can start a clear, calm uptrend.

Sales growth in the last 3 quarters: 106%, 123%, 76%. No positive EPS or EPS estimates.

‌

TRADING VIDEO

6 signs that you are too emotional in trading and how to overcome it

A follower on Twitter asked me to provide a video about my tweet regarding the 6 signs that you are too emotional in trading. I cover a lot of mindset topics and present my solutions.

Here is the link to the video: 6 signs that you are too emotional in trading and how to overcome it

‌