This market review highlighted several key trends and sectors to watch. The IBD 50 showed slight improvement without surpassing weekly highs, while gold miners and
This week’s market review reveals a mixed bag. While the market started strong, it lost steam by the end. The IBD 50 is showing some
The IBD 50 is showing some weakness, folks. It’s put in a big reversal bar and is falling. We need to see some strength before
he IBD 50 is showing some weakness, closing down on Friday with increased volume.
By scanning these charts, we can quickly see where the potential opportunities are and, just as importantly
Walker recommends focusing on a manageable portfolio of 7-10 stocks and avoiding day trading. He stresses the importance of earnings season and suggests using price
Look for those trading above their 50-day moving average and trending upwards. Breakouts from consolidation patterns like bases or cups with handles might signal buying
The message here is simple: avoid chasing stocks or ETFs below their key moving averages. Let’s move on.
I then provided examples to illustrate these points. ETFs like IYW and XLK were highlighted as sectors to avoid due to weak performance.
prioritize risk control, avoid impulsive decisions, and be extra cautious in this currently weak market