September 30: Current state of the market
Hello folks! Below are a few trade ideas that were previously alerted and how they are currently working. When nearly 100% of stock setups work as expected, it indicates a good trading environment where I want to stay invested. However, it's prudent to tighten the stop losses, a strategy to protect profits by adjusting the stop-loss order as the stock price moves in a favorable direction, as several stocks have gained since the initial setup identification.
Stocks discussed below:
SE, TSLA, AMZN, GLD, VEEV, TGTX, ZM, NEE.
SE: Strong mover this month. Almost 20% gain since the setup.
TSLA: Quick 18-20% gain in less than a month.
GLD: Broke out on schedule and has been acting great since the initial alert.
NEE: Tightening up on the daily chart. See how it is consolidating above short-term moving averages.
VEEV: There are no significant violations on the weekly chart, and see how it is consolidating above the 10— and 21-week MA.
ZM: It has looked great since the initial alert. I particularly like stocks that shake out traders and reverse quickly ( See the second arrow). If the trading environment remains healthy, this one can be a quick-mover in the coming weeks.
TGTX: Consolidating tightly over 10 week moving average
AMZN: Testing 21-day moving average and no major violation since the initial entry. It may be a good place to add more with a tighter stop loss.
