Daily Plan: Market Review & Focus List (4/4)
Well Needed Rest Day - Market Overview, Industry & Leading Stock Analysis + 4 Helpful Scans
Hi all! 👋
In this article I will cover:
General Market Overview
Chart of The Day
The action displayed by leading stocks with TML potential
Individual Sector Analysis - Which groups are breaking down vs showing relative strength
4 Helpful Scans to get potential leaders on our radar
Links to TradingView watchlists
Personal Portfolio Update
Stocks currently on my focus list with actionable trade ideas
Stockbsessed is neither an investment or financial advisor. Stockbsessed does not provide financial advice and none of the information being provided is to be seen as such.
General Market Overview
Call it whatever you want but there is no doubt the overall market environment has improved substantially recently - breakouts are following through, buyers are stepping in at key areas and potential leaders continue to show relative strength.
On the other hand it is just as important to realize that despite an improvement, we are not out of the woods just yet - still seeing some warning signs occasionally but that is why it is essential to focus on proper risk management and progressive exposure. Let the setups pull you in, and the progress you make allow you to size up.
Open positions continue to act well along with other potential leading stocks - for the most party a healthy rest day after a recent strong run.
As for the indexes - in today’s daily plan I mentioned the risk of being up 4 days in a row heading into this session and the SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ ARKK 0.00%↑ went on to close down on the session:
In the following sections of the daily plan I go over additional research in preparation for the next session:
✅ Reviewing index action
✅ Chart of The Day
✅ Leading Stock Analysis
✅ Individual sector analysis
✅ 4 Scans with results to get stocks with leadership qualities on our radar
✅ Personal Portfolio Update
✅ Stocks currently on my focus list with actionable trade ideas - The best setups from a risk/reward perspective
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