Market Breadth is Strong | Taking Profits | AIA FLT RHC KLS ASX S&P500 NASDAQ

Everyone expects this bear rally to fall – does that mean it will keep going longer than we all expect? Looking at the charts, there’s strength, market breadth and limited sell signals. Although, Gary Glover is still taking profits off the table.

Gary Glover of Novus Capital reviews the charts, cycles, duration and magnitude of the rallies to shape trading behaviour in this current cycle. Also timing when to buy these stocks and where to sell where Gary Glover applies his knowledge. This week Glover is looking at the stocks with strong base formations and potential for large rewards and tight risk trading setups.

Glover explores new trading shares and their charts to review the current market position, indicators and momentum for the the trades he’s placing this week. While looking at the trading shares to monitor in this phase of the market and understanding the technical aspects of the US and AU indices. Glover looks at the leading market indices and shares for trading this week.

Gary Glover is an experienced market professional with two decades of swing trading and technical analysis advisory services. Glover is well known for his insights on the ASX 200, S&P500, NASDAQ and Dow Jones insights using Wyckoff Theory, Mark Minervini trading strategies and Volatility Contraction Patterns to help clients decide what the best stocks to buy now are. Some of his favourite trading strategies are false breaks and springs from the Wyckoff Trading method of swing trading strategies.

Chapters:

Start 0:00
Are we gong to get a smaller or bigger pull back? 0:31
NASDAQ market breadth is showing strength on up days 1:46
SP500 not showing distrabution days 2:38
Is everyone too cautious to fall? 3:02
ASX – targets for the Aussie market 5:33
Aussie breadth issues, but mostly similar to US markets and strength 7:15
previous buy recommendatiosn PNV ASX MP1 ASX and PBH ASX have come off the boil 7:42
Ramsay Health Care RHC ASX 8:48
Healthcare issues for FY22 reporting 10:26
Webjet Limited WEB ASX 11:33
Flight Centre Travel FLT ASX 14:15
Kelsian Group Ltd KLS ASX 15:42
Auckland Internation AIA ASX 16:54

Finer Market Points connects leading market themes with the best-performing companies for better trading. Finer Market Points is presented by Christopher Hall with Shares In Play looking at the best performing growth shares and ASX small caps riding the tailwind of the industry themes leading the market higher. The Hot stocks to trade now range from ASX 200 blue chips to small tech stocks and mining stocks with the strongest performances.

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Our playlist on technical analysis on US and AU share markets is here:

VCP Tutorial – Volatility Contraction Pattern:

Trading Small-Cap Miners – the High and Tight Flag tutorial is here:

Trading Pocket Pivots from Gil Morales and Chris Kacher’s extension of William O’Neil and his CAN SLIM trading methods used by Investors Business Daily:

General Advice Warning:
The advice in this newsletter is of a general nature only and has been prepared without taking into account any of the objectives, financial situation or needs of any person. Before making an investment decision on the basis of any advice in this document, you need to consider, with or without the assistance of a financial adviser, whether the advice is appropriate in light of your particular objectives, financial situation, and needs. Presenters may have commercial interests in the investments discussed

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