Hi ,
the correction in the markets continued. The NASDAQ is now 10% below its all-time high and at a very important support level. Time will tell if the stock market can turn around here. But more important: What are the stocks on your watchlist doing? Focus on finding the strongest stocks which show good relative strength and wait until they finished their trading bases.
There is no hurry for me to get back into the market again. First rallies attempts after a correction can fail quickly. Instead I continue doing my homework every day, give the market enough time to consolidate and wait for the signals from the stocks I observe to buy them. Here is what you will find in this newsletter:
- Questions and answers from the subscribers forum
- Comment on the current market situation: NASDAQ at important support level
- Stocks I am watching at the moment: $TME, $TWTR, $VIPS
- Trading video: Market and Portfolio Comment March 4, 2021. Risk management and defensive trading
If you have questions, please use the subscribers forum.
Thank you and good trading, Julian
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