The Market Chronicles: Daily review (Mon, 28/04/2025)

 

The premarket look indecision(May go slightly red or green). So most probably a consolidation day for today which is good sign it may go up this week more further.




As predicted the market is red but slightly up today.

SPY and QQQ are building up and consolidating to form a leg.

SPY: Given a green signal for the first time this month to enter into market. A good time to enter market is when SPY price > 20MA > 50MA.

QQQ:



And I can see clear movement of money from Finance sector(XLF), Industrial sector(XLI), Energy sector(XLE), and Health care sector(XLV) to other sectors from last couple of days.







Last five sessions, I see $ADD line is above 0 which is a good sign of recovery and MMFD(Stocks above 5-day average) is also around 73%. Very bullish sign for this week.




I will keep monitoring Russell family indices as well to understand overall market conditions.

My positions: None.

Comments

Post a Comment

Popular posts from this blog

7 doji candlestick patterns for beginners in trading

Image
A Beginner’s Guide to Doji Candlestick Patterns in Trading Candlestick charts are an essential tool in technical analysis, providing insights into price movements across different asset classes such as stocks, forex, crypto, and commodities. One of the most significant patterns in candlestick charting is the   Doji candlestick pattern . In today’s post, we’ll explore what a Doji is, its types, and how it can be used effectively in trading. What is a Doji? The term   Doji   comes from the Japanese word for “blunder” or “mistake,” referring to the rarity of an open and close price being exactly the same. A Doji is a unique candlestick pattern where the opening and closing prices are equal or nearly identical. This results in a candle with no real body, appearing as a thin line with wicks extending above and below. Understanding Basic Candlestick Patterns Before diving into the Doji, let’s first understand basic candlestick formations: Green/White Candlestick:   Indicat...
Read more

The Market Chronicles: Daily review (Fri, 02/05/2025)

Image
 The pre-markets futures given really good indication once again, Have excellent and clear direction where market is going. Already we have 9 positive straight days for SPY and QQQ is almost 7 days out of 9 days. We are really in a good bull market at this time. Missing out a lot due to major mistakes I did last couple of times. That is fine until I am learning from my mistakes and this is my first year of trading.  SPY: QQQ: $ADD and TICK shown the direction and acceleration of market today. Almost 16500 stocks advanced when we took difference of declining stocks. And Tick shown real resilience maintaining 448.  TICK: $VOLD shown some increase in volume when compared to yesterday. Good sign of more transactions in overall market. MMFD shown some recover as I see more stocks got positive today. MMMTW, MMFI, MMOH, MMOF and MMTH are following trend. So most probably there will be pull back in a week or two to sustain this growth. All these broke a major trend line which is ...
Read more

Understanding Stacked Moving Averages: A Key to Trading Momentum

  Understanding Stacked Moving Averages: A Key to Trading Momentum When trading stocks, identifying market trends is crucial to improving your odds of success. One of the most effective ways to assess market strength is through   stacked moving averages . This technical setup helps traders determine whether they are trading with the trend or against it. Let's break down what stacked moving averages are, why they matter, and how to use them in your trading strategy. What Are Stacked Moving Averages? Stacked moving averages occur when shorter-term moving averages (MAs) are   positioned above   longer-term moving averages in a sequential manner. This alignment signals a strong   uptrend   and suggests that buying pressure is dominant. Example of Stacked Moving Averages (Bullish Alignment) ✅   Price > 10MA > 20MA > 50MA > 200MA Each moving average is progressively higher, reinforcing the strength of the trend. This structure indicates increasin...
Read more