The Market Chronicles: Daily review(27/04/2025)

Pre-market futures look good:




Potential candidates for todays trade:

AEVA: 
Reasons for the trade: 
  • EV and LiDAR tech which is a hot theme from past couple of quarters.
  • I see volume and price started increasing once the earnings report is released.
  • Just crossed above 150MA, which is a great signal as per Stan Weinstein's.
  • From Mark Minervini, a good candidate is which is already up by 100-300% person from it bottom(up by 100% in last six sessions). This is exactly matching that criteria.
  • RS value: 98
Concerns: 
  • Market is still in bad state, better not to trade.

AGL:
Reasons for the trade: 
  • I see slight volume increase and price increased once the earnings report is released.
  • I see delayed response to earnings( EPS change 37% and rev change 44%)
  • Price above 150MA, which is a great signal as per Stan Weinstein's.
  • From Mark Minervini, a good candidate is which is already up by 100-300% person from it bottom(up by 100% in last six sessions). This is exactly matching that criteria.
  • Forming nice tight flag at the movement.
  • Seeing HH and HL which is a stage 2 property as per Stan Weinstein.
  • RS value: 94



Concerns: 
  • Market is still in bad state, better not to trade.
ALHC:
Reasons for the trade: 
  • I see volume increase and price increasing studily from start of Mar 2025.
  • This is in stage 2 uptrend from May 2024
  • Price above 150MA, which is a great signal as per Stan Weinstein's.
  • Forming nice tight flag at the movement.
  • Seeing HH and HL which is a stage 2 property as per Stan Weinstein.
  • Respecting MA50 most of the time from last May 2024, Which is a good sign.
  • RS value: 98
Concerns: 
  • Market is still in bad state, better not to trade.
  • This is in stage 2 for a long time, may be this is at its peak already? Increased almost 290% from last 10 months.



Market breadth:

ADD value still shows -433, Which is a bearish signal.



SPY/QQQ/SPX are slightly down today as well.




Overall market is bearish. Not good for Swing trading. May be stick to day/scalping.

My selected stocks status end of trading session:

AEVA: Up 10%
AGL: Up 2%
ALHC: Up 3%

Happy with my prediction. 

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