If you trust your system, then trust it through the pullbacks too. Weak hands don’t catch strong trends.
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MARKET ANALYSIS
Good evening,
QQQ bounced from 21dma-structure and base area retest.
MCSI DOWN below rising 10dma
MCO hook-up at -1σ
Breadth extensions hook-up from oversold readings
TLMM Model = Pullback (day #6)
QQQ bounce attempt from a rising 21dma-structure retest, with a short-term breadth ext. hook-up after an oversold condition. MCO hook-up from -1σ level retest, but MCSI needs another good day to hook back up.
That’s my market setup…
Now, will it work again and be part of the positive edge, or fail and be part of the statistics? We’ll know more in the next few days.
PRICE (NQ/QQQ)
Anything can happen...but QQQ/NQ still looking strong on a 2nd pullback into rising daily-structure after that massive multi-month base breakout.
TLMM DASHBOARD NASDAQ
MARKET INTERNALS
Downside reversal, but still above rising 21dma-structure. caution.
Downside reversal, but still above rising 21dma-structure. caution.
/BTC (Bitcoin)
Downtrend below declining 21dma-structure.
SECTORS & THEMES
Top 10 Leading THEMES - Relative Strength RANK sorted (W/ Leading & Setting up Stocks)
Top 10 Leading SECTORS - Relative Strength RANK sorted (W/ Leading & Setting up Stocks)
LEADERS STALKLIST
Liquid Leaders Universe (top RS)
WDC, CLS, WBD, HOOD, PLTR, MU, APH, CRDO, TER, AMD, LRCX, STX, NBIS, VRT, SNOW, NVDA, MDB, KLAC, AMZN, NET, ANET, APP, AVGO, TSM, RKLB, CRWD, C, AMAT, CAT, GLW, DELL, TSLA, DDOG, ETN, SHOP, IBM, CEG, INTC, ARM, ASTS, UBER, HPE, ALAB, SMR, VST, JOBY, IONQ, GEV, CDNS, CVNA
Liquid Leaders RS Heat Map
A quick visual of daily Relative Strength vs SPY, helping you spot which stocks are leading or lagging on any given day.
That WL is shared as a community WL that you can access in Tlab.
Liquid Leaders DAILY-structure Pullback scan
CRDO, VRT, PLTR, SOFI, AVGO, SNOW, GLW, C, TSLA, MDB, NET, ETN, INTC
Episodic Pivot scan (Potential new Leaders)
SLDP, LITE, LMND, SEDG, U, DOCN, RIVN
PORTFOLIO UPDATE
Hey guys,
I was a bit more defensive going into today due to recent trade feedback, but kept an open mind because QQQ got right into the rising 21-day moving average structure, and short-term breadth was oversold... That Support/Oversold combo played out once again, with QQQ bouncing pretty hard from support and retesting the structure. I like what I saw, but it was not yet enough to flip MCSI up. We’ll need to know if we can follow through tomorrow.
I quickly re-adjusted my exposure level following that open, with 3 new positions, and exposure back in the 80% range for less than 1%ec risk due to good pullback entries in the 21dma-structure area. I am a pullback buyer...and my setup is a price into support with short-term oversold breadth. Seeing buyers step in this morning pushed me to execute my edge, which is as simple as that. Now that I’ve taken on the risk, I’m ready to make that attempt. We’ll need to see if this morphs into a new market window or fails.
NER back up at 0.9%, with an Open Heat of -4.60%.
Cheers, HAGN.
NEW: SOFI, DELL, PLTR
ADDED:
TRIMMED:
INTRADAY ATTEMPTS:
OUT:
POSITIONS/TRADES LIVE EXPLANATIONS REVIEW (Shared live in Discord):
No explanations today, I was on the road.
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FOCUSLIST 11/05
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