MARKET  COULD  BE  TAKING  OFF

As a retail trader and an investor, one ought to be prepared for sudden changes in the market.  I often react to market conditions and plan accordingly looking over the data of price and volume.

"If THIS happens than I do THAT"

"If THAT happens than I do THIS"

It's very hard sometimes when we are constantly bombarded in the media by all the self proclaimed market  GURUS  and stock analysts sharing their opinions.  We also have to fight back our own personal biases and analysis of the stocks.  Last week was a roller coaster with the uncertainty of who the President of US is going to be.  The whole world has been scrutinizing as to how our election system works.    

"Market  fools  the  majority"

DATA  doesn't lie and I find it best to let the data be the driver of our decisions.  We finally have declared Mr Biden as our next president as of this weekend.   Market hates uncertainty and now the uncertainty of our elections has been put to rest - atleast until Mr. Trump elegantly transfers the powers of the presidency onto the next president.  Market really doesn't care of anybody's opinions.  As a retail trader and an investor, we are here to increase the size of our portfolio and mitigate risks in the market.

Best  Performers  of  My  Stock  Watch  List

Our  "Follow Thru Day"   of Nov 5th has performed very well for us so far.  Lots of stocks have surged in price with decent supportive volume behind it.  Institutions have begun to increase their portfolio risks with their investments.  At this writing, the markets in Asia  are already  +2.41% in Japan and the Heng Seng is  +1.62%.  Growth stocks can quickly rise to  +20%  within days sometimes when you identify a leading stock in the leading sector.

Here are the top 10 performing stocks from the 58 stocks that I had listed in my post on Nov 4th:

1. $PLTR  ... +31.44%
2. $TTD   ... +29.50%
3. $ZG      ... +18.29%
4. $ROKU... +17.14% 
5. $SQ     ...  +15.59% 
6. $PLUG ... +15.35%
7. $APPS  ... +13.94%
8. $U        ...  +11.78
9. $FSLR  ... +10.68%
10. $NIO    ... +10.32%

My $NIO positions were closed off @ $41.75  on Friday November 6th for a gain of  +96.93%  in the last 6 weeks.  It has advanced rapidly and is too extended from the 50 day sma (simple moving average).  It's likely to retrace to digest these massive gains.  Left a small position to ride through the earnings later this month.  It's one of the strategies to utilize to raise some  CASH  for follow up buys on successful stocks.  It's prudent now to be ready to start scaling up in stock positions initiated during the  "Follow Thru Day"  that are making gains.

Good Luck trading this week.

Happy Trading!

Amin

ps: I shall be offering a new and an enhanced live Trading Service in 2021.  Stay tuned for more information in my blog posts later in Dec.  Let me know if you are seriously considering spicing up your portfolio and ready to commit to learning to trade profitably.

 

FOLLOW  THRU  DAY

 "The first step in learning to pick market winners is for you to examine leading winners of the past to learn all the characteristics of the most successful stocks"

By William J O'Neil (Founder of Investors Business Daily) 

Market does repeat and it tends to act in a very predictable manner.  In 2016 November, the market just took off the day after elections.  It happened again to day - and we still don't have a clear winner declared yet.  As a retail trader, one thing we all need to learn is to hold our political biases aside and instead look at the  DATA  to drive our decisions.  Mr Warren Buffett (greatest stock investor of our times), often has remarked that lots of times in his life, he has encountered a President that he did not vote for.

IBD (Investors Business Daily) declared a  "Follow Thru"  day at the close of the market to-day.  We had a powerful rally the last 2 days.  $QQQ  was up  +4.97%  today and lots of growth stocks were breaking out in high volume.  It's critical to start acting on taking small starter positions in several leading stocks now.  "Follow Thru"  days are a powerful  TIMING  signal for growth stock investors.  It's a signal that let's us know that the institutions are on board and they are initiating positions in stocks of their  choice.  As retail investors and traders, we just have to follow the institutions since they account for over 75%  of the daily trading volume in the stock market.

Stock  Watch  List

Many growth stocks broke out today from their resistance levels.  Some bounced off their 21 day or 50 day sma (simple moving average).  Some of the stocks that had triggered the  "8 Week Hold Rule" (Look at my post on $NIO +81.53% since Oct 13th), once again surged higher today.  List below I have highlighted the resistance/support levels in parenthesis.  The ones that are bold faced are the ones that have broken out with the surge in price at their earlier or appropriate buy points.  These are not recommendations but identified to help you in learning to read the stock charts.  You must do your own due diligence to make the decisions that reflects your own individual risk tolerance.

1. $APPS    ... (35.35)
2. $ASML   ... (374.88)
3. $BABA   ... (299.00)
4. $BBY      ... (116.74)
5. $BIDU    ... (138.98)
6. CPRT     ... (118.56)
7. $CRSR    ... (24.70)
8. $DADA  ... (32.52)
9. $DG        ... (211.98)
10. $DGX     ... (122.86)
11. $DHR     ... (235.60)
12. $DOCU  ... (236.37)
13. $DIOD    ... (59.70)
14. $DNKN  ... (92.46)
15. $EDU     ... (164.75)
16. $ENPH   ... (100.40)
17. $FCX      ... (17.34)
18. $FDX     ... (275.0)
19. $FIVE    ... (140.14)
20. $FORM ... (29.32)
21. $FSLR   ... (81.87)
22. $GH       ... (105.75)
23. $GNRC  ... (208.26)
24. $HD       ... (286.70)
25. $HZNP   ... (77.45)
26. $IDXX   ... (453.20)
27. $JD        ... (86.58)
28. $JMIA   ... (14.96)
29. $LH      ... (202.36)
30. $LOW   ... (171.72)
31. $LOGI   ... (81.74)
32. $LSCC   ... (35.16)
33. $MLM   ... (257.52)
34. $MPWR  ... (317.97)
35. $NIO     ... (29.40)
36. $NOW   ... (501.82)
37. $NTRA  ... (73.99)
38. $NVDA  ... (537.71)
39. $PDD    ... (98.96)
40. $PINS   ... (53.87)
41. $PLTR   ... (9.97)
42. $PLUG   ... (15.96)
43. $PTON    ... (118.44)
44. $PWR   ... (61.68)
45. $PYPL   ... (195.78)
46. $ROKU  ... (214.26)
47. $RH      ... (372.93)
48. $SNAP   ... (34.52)
49. $STNE   ... (56.57)
50. $SQ       ...  (170.61)
51. $TAN    ... (70.55)
52. $TMO   ... (473.84)
53. $TSLA   ... (425.80)
54. $TTD     ... (597.50)
55. $U         ... (102.63)
56. $ZG      ... (97.69) 
57. $ZM      ... (478.0)
58. $ZS       ... (140.51)

BTW   ... As a retail trader, the most influential person in the market right now is the Chairman of our Central Bank  Mr. Jeremy Powell.  

Good luck trading this week.

Look over my posts on $RCUS, $MRNA, $DOCU, $AMZN, $RH, $PYPL, $QQQ and $NIO.  Just a handful of stocks can double your portfolio if you follow the rules that I  have explained in my posts the last few months on the stocks mentioned.  As a growth stock investor, you need to:

• Buy High and Sell Higher.
• Scale up in positions as the stock progresses higher.
• Concentrate your portfolio into the few stocks that are outperforming the market.
• Get rid of the laggards immediately and use the money to invest in stocks that are leading in your portfolio.
• Cut your losses when the stock loses  -6%  to -7%  from your buy point.
• Harvest partial profits once the stock attains +20% to +25% gains from your buy point.

Happy Trading!

Amin