The bulls were definitely dominating the stock market last week. And while it may be too early to celebrate and give it an all clear for breakout-traders, the fact that the market passed some key tests is worthy of increased optimism.
Investors should still nimble. With the stock market having its best month since 2020, it would not be unusual for it to digest some gains. We also remain in the midst of earnings season. As always, apply the concept of progressive exposure and only increase risk and your personal exposure on the back of traction and gains in your own portfolio.
Here is the link to our updated JS-TechTrading Risk Model:
Almost all technical indicators look good and the psychological / contrarian indicators in our risk model also suggest that the market may have bottomed already.
WHAT NOW?
By now, breakout traders / swing-traders should be invested by ca. 50%. Only increase exposure on the back of your personal wins. If stocks are working for you, get more aggressive.
Investors should still nimble. With the stock market having its best month since 2020, it would not be unusual for it to digest some gains. We also remain in the midst of earnings season. As always, apply the concept of progressive exposure and only increase risk and your personal exposure on the back of traction and gains in your own portfolio.
Here is the link to our updated JS-TechTrading Risk Model:
Almost all technical indicators look good and the psychological / contrarian indicators in our risk model also suggest that the market may have bottomed already.
WHAT NOW?
By now, breakout traders / swing-traders should be invested by ca. 50%. Only increase exposure on the back of your personal wins. If stocks are working for you, get more aggressive.
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini
