Higher highs as we predicted and stocks for next week - check out the vi...

Check out this video - we discuss the following topics and how we have been predicting higher highs and what to expect along with some of our picks.

See the agenda for the video below:

Key thesis and premise of our analysis and “WHAT WE HAVE BEEN SAYING”

Apr 11, 2021

• RISK IS HIGH – No change to this thesis – Markets are extended
• Markets will hit new highs – As expected – DJIA hit brand new high – As expected - hitting new highs
• March will be volatile – As expected – March was volatile – heading into earnings season now
• Being nimble in trading – still working well – Technicals are working well
• Not an investing but a trading market – No change here except for some big cap names
• Watching your technicals closely – MA’s, MACDs, RSI, CCI, CMF along with volume – Still using same indicators
• Using options for covered call and covered put strategies – Always using this as a good system for better ROI
• One on ones available for $99/hour
• Contact us – truchartscom@gmail.com
• Follow us on twitter - @trucharts

Markets update for the past week

• NASDAQ, DOW JONES and SP500
• From mar 13 - NEW HIGHS – DOW target 32000 – above and beyond now – new target - 35000; 
• NASDAQ holding in congestion/consolidation mode
• Current expectations – Still like DOW stocks – statement from Mar 13 – no change
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• Trades for next week – Retail stocks worth watching, tech volatile but not investable, Big cap names in DOW rule – same thesis from Mar 13 video
• What is our current investing theme – Trade tech with shorts and short term, and big cap names – seems to be working well
• Some SITE key features revisited
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• Subscribe to our youtube channel and trucharts.com site – Tradier brokerage

Please consult with your financial advisor before making investment decisions.

Not providing financial advice – just our analysis

Volatility and Markets the corona virus effect

Volatility and Markets the corona virus effect

Well what a couple of weeks its been in the markets - the volatility and point moves have been pretty staggering and unseen in the most recent times and not really since the 1999-2000 bubble and also since the GFC of 2008..all from the corona virus.. Point moves in the DOW, S&P500 along with the NASDAQ are quite a wake up call for many used to the markets that have gone up in a straight line since 2019. And yet no one was crying out that markets were in bubble territory from all valuations perspective and higher than the 1999-2000 bubble.. Yet all the analysts kept raising their target prices for already over hyped and over valued stocks. Well the virus came and fixed that - in a span of 4 or 5 trading days all the gains of 4 months were wiped out. Just check the chart below...

The market players and individual investors had become numb to any down moves and were high on everything moving up and were hypnotized by the markets - since every buying the dip was a good move - specially in the big names - the DOW stocks and the most owned stocks by the entire universe of funds - HD, MSFT, FB, GOOG, and you can easily name the whole list.. 

As you can see the markets look oversold and may have some consolidation at this level - around 25000 for the DOW and around 280 for the S&P500. The QQQ (or NASDAQ even though looking oversold - may head lower - we think there is short term risk to stocks like AAPL, MSFT, AMZN and FB - the big movers for the past few months. AAPL definitely moves lower to around 240.. We recommend taking some profits in these big names.

Here are the charts for AAPL, AMZN, FB and MSFT. 

FB looks the weakest...

The DIA chart here is showing resistance at 270 so we should expect a bounce to that level  (around 27000 for the DOW). 

Although the markets have been volatile - it is a great time to make money.. The volatility creates huge opportunities to make money with intraday or overnight trades with the right stocks. Many stocks are moving over $10+ a day and that is a huge bonus to make money. It is easy to find these stocks and these are very standard big names like AMZN, MA, V, SHOP, ADBE, NFLX and many more. We recommend more day trading rather than holding overnight positions.

We really like gold and you can check our tweets and blogs and our call on gold since it has been at 1100 and now has had a move to around 1700 a move of around 40%+.. We still like gold and are long physical bullion and buying more... Our target is 2500 as fiat currencies are failing and in the end there will be some reset as the debts are unsustainable as are the promises being made by governments. We expect INR (Indian rupee to head to 80 per dollar..)

Good luck trading and do subscribe to our site - it is a measly 180 per year (premium) and 95/year for basic membership to excellent REAL TIME CHARTS, QUOTES, FUNDAMENTAL DATA, excellent scanner (screener) along with buy/sell strategy signals - we are working on sending technical alerts via sms/email...and many other features... 

Sincerely

Bob B (Founder Trucharts.com)