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I have posted several videos on our New Youtube Page Analyzing Individual Stock and the Major Market Indexes. I will be posting several videos every day. It is much faster and easier to put them on YouTube. We will continue to put our Weekly meetings (Monday and Thursday only on the website).
Also, I will be doing updated videos regarding the Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy on the Youtube Channel
Please Click the Links below and you will be taken to our New YouTube page.
Click on the Subscribe Button and the Notification Bell so you will get notified every time we upload a video
The Market Rallied hard today. All the Major Indexes had strong Gains. We are now seeing almost all the stocks in each Category starting a New Bullish Upswings, most stocks are on the 1st day of the UpSwings. The Categories are looking stronger under the hood now
96% of the Dow Jones is on an Upswing
94% of the S&P 100 is on an Upswing
95% of the Nasdaq 100 is on an Upswing
94% of all Three Indexes Top Holdings is on an Upswing
The Large Cap stocks are showing more strength than the rest of the market and it looks like we are seeing more stocks participate
We got a FOLLOW-THROUGH DAY today on the S&P500. Now we got the Green Light to start buying leading stocks in leading industry groups breaking out of sound base patterns
The Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy has now completed the Set-Up part of the strategy on all the Major Indexes ETFs (DIA, SPY, QQQ, IWM, VTI, and ITOT). If they can hold their price gains and momentum tomorrow by closing ok, this week will complete the Signal Week. Next week we will be looking for the Pivot
This will be very Positive because we already got the Follow-Through Day today
We have to be on the lookout for tomorrow's economic news. The PCE is coming out at 8:30 am, and this indicator is a gauge of INFLATION. If it is a bad number the market can sell off hard and wipe out all of today's gains
The Economy is on the EDGE it could collapse at any time. So we must keep our eye on everything right now. Any BAD economic news could send this market CRASHING DOWN
BTA Stock Watchlist Coming soon
The BEARS are in control for now and the Market is still in CORRECTION, But the Bulls are fighting back now
Thank You
BTA
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