Market   Status

It took  $QQQ  5 weeks to drop  -35% (1% per day on an average) from an all time high that was achieved on Feb 19th.  I have not witnessed such a calamity in the stock market in the last 25 years that I have been involved trading and investing in the market.  That sort of a drop scared every investor and left many of the retail investors stunned.  Market just as quickly rebounded starting April 2nd when IBD (Investors Business Daily) changed the market pulse to  'Market in Confirmed Uptrend'.  We are just 5.30% away from the all time high as of Friday May 8th.  That's the real data and not opinions or what one feels about the market.  We have often heard the expression:

Market is always right and don't argue with it

Market does not care about anyone's opinions

Market fools the majority

Market sentiments however is extremely negative.  Most are afraid to invest in the market.  If history is any guide, I would like to remind everyone when media coverage was equally negative in 1990 while we were stationing 1/2 a million troops in the middle east during the Gulf war.  It was equally negative in March of 2009 (financial crises) when the market was once again turning bullish.  My advice is:

Turn off the news and learn to separate stock analysis from the market news

I have attached a link to a piece of music that I listen to when I am scanning for growth stocks.  Listen to it and enjoy it to get your attention away from all the fear promoting media coverage.

https://youtu.be/_HJga_8BWRU

Stocks Institutions are Exhibiting an Interest in currently

Market is consolidating for the last 2 weeks.  May through September are traditionally our worst months in the market.  If you have attained gains of 20% to 25% in your stock positions, it is a good idea to scale down and harvest some of those profits.  Build some  CASH  by closing down positions that are not performing well.  Have  CASH  ready and available to add to some of your leaders that are consolidating.  Earnings season is coming to an end and institutions have shown an interest in the stocks that I have listed below.  Scrutinize the stock charts and monitor them.  They are exhibiting signs of leading growth stocks.

Stocks:

1. $AUDC
2. $CHGG
3. $DXCM
4. $EVBG
5. $FNV
6. $FTNT
7. $GOLD
8. $IPHI
9. $MRNA
10. $NEM`
11. $RCUS
12. $SFM
13. $TWLO
14. $SFM  

Happy Trading!

Amin