MARKET UPDATE #165
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 ,
one week changed everything again! Even the strongest stocks joined the correction in the stock market. The NASDAQ composite is below the weekly EMA 40 (daily EMA 200) for the first time in the last 2 years! The correction is real and now we have to be much more cautious than before. On the other side it would not surprise me to see a short-term bounce. Only a follow through day could resolve the situation.
As a medium term stock trader I have to accept to be out of the market for weeks or even months. Yes, I do some short term trading, but in the end the money is made with big moves. I know that the markets will come back and for most traders it's a good time to learn!
🚨 Big news: You can now join the MARKET UPDATE Premium community. Get access to my whole watchlist, read my live comments and get a 1 hour in depth analysis video every week. I give you a 30 days money back guarantee!!
Here is what you will find in this newsletter:
- Questions and answers from the subscribers forum
- Comment on the current market situation: Market in correction
- Stocks I am watching at the moment: $MTX, $GFI, $CNQ
- Trading video: My interview with Michael Lamothe.
If you have questions, please use the subscribers forum.
Thank you and good trading,
Julian
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QUESTION AND ANSWERS
No new question or answer this week. You have to register for the forum! If you have an account, you have to login.
Do you have a question for me? Use the free forum. Links are below!
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MARKET CONDITIONS
Market in correction
Every strong bull market sooner or later ends. Newbies often never experienced such a situation, but experienced traders are always prepared for such a scenario.
When the market corrects, even the strongest stock market sectors (like energy, metals or shipping) will be dragged down. Remember: 80% of all stocks follow the general market.
How long will the correction last? Nobody knows! Maybe one week, a couple of weeks or even months. The markets are short-term extended and they will bounce back, but that will not change the situation. Now it's time to wait for a followthrough day! In the video course I show the MMTS indicator which shows you a clear signal when the markets are changing again. |
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NASDAQ Composite: Quick and fast sell-off. The index is now below the EMA 200 and ready for a bounce. We will see if the index will continue to correct or move higher after the bounce. We have to wait for a classical followthrough day. |
3 LEADING STOCKS
This week I have 25 stocks on my watchlist, 3 less as last week.
🚨 Get access to the full watchlist & an in-depth 1h analysis video of all stock every week. Join MARKET UPDATE Premium now. |
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$MATX: Shipping stocks stay strong and $MATX caught my attention. It gapped up on preliminary earnings results. We will see if shipping stocks continue to outperform or move down with the general market.
Sales growth in the last 3 quarters: 39%, 67%, 66%. EPS growth in the last 3 quarters: >999%, 388%, 301%. EPS estimated for 2022 and 2023: 327% and -24% (!).
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$GFI: A first gold mining stock which caught my attention. I comparison to all other gold miners the stock has an acceptable base. We now have to wait if gold continues to move up or not.
Sales growth in the last 3 quarters: 35%, 13%, 13%. EPS growth in the last 3 quarters: 313%, 120%, 120%. EPS estimated for 2021 and 2022: 19% and -2% (!).
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$CNQ: Oil stocks remain strong and especially Canadian oil stocks outperformed in the recent weeks. It's time for a pullback and I am excited if they can setup or not. I will still watch them.
Sales growth in the last 3 quarters: 47%, 127%, 71%. EPS growth in the last 3 quarters: 512%, 291%, 999%. EPS estimated for 2021 and 2022: >999% and 18%.
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TRADING VIDEO
My interview with Michael Lamothe
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