Current market participation : unfortunately because of 12 hours time difference between bali (I am currently in Bali Indonesia ) and NY, I am currently not participating in the market. Timing is critical during breakouts and It is sleeping time here when market opens in NYC! If COMP moves up by 100 points than that is added to the risk if the breakout is missed.
This below info is for the readers.
Nasdaq hit all time high. March 12th week and April 2nd week crash stabilized the next 4 weeks. April 30th it retook the 9 week Moving average
From May 7th to yesterday the hole which was dug the market came out
Look at this chart below FFTY the top 50 growth stocks in the entire market
It just topping and topping
NYSE’s advance-decline line has now risen for five weeks in a row.
S&P 500 spent four solid weeks above its 50-day moving average. That’s the longest period of time since January. Technically speaking, that’s good. It means the rally is accelerating.
Accumulation/Distribution Rating the Nasdaq scored a B-, much improved from a D since May 10th uptrend start
And finally 65% of all stocks in S&P 500 are above their 50 day simple moving average
So Market hit a top. It is very likely to go up further
Happy trading !