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New Uptrend Confirmed: Bulls in Control
Institutional money flows pile into stocks after our buy signal triggered.
Hello fellow traders and investors!
The market has been on fire recently, and it looks like the bear market is over. Or is it?
I’ll be diving in on this over the weekend with a new video, but in the meantime, I wanted to drop you a newsletter to update you on what’s happening.
On July 19th, I posted about a major trendline break on the S&P 500. Trendline breaks are very bullish (or bearish), as many traders act on the signals.
Bulls who acted on the trendline break on July 19th have seen the market rise 5.35% in just a week and a half!
Trendline bounces (or breaks) are very, very powerful. If you can learn to successfully draw trendlines on charts, you will tilt the probability of success in your favor.
I can’t impress upon you enough how important trendline set-ups are — because they’re so powerful from a predictive standpoint.
Is this rally here to stay? Money Flow says YES.
I’ve noted numerous times that the market needs good news to sustain any rally. We’ve gotten just that with strong earnings surprises.
And the dollars are piling in…
The rally we’ve seen after the trendline break has been driven by extremely high institutional money flows, which means this rally is here to stay.
Notice all the failed rallies earlier this year were on very weak or negative money flows… but not this one:
Also don’t forget, we’re in a midterm election year, and the Dow historically averages an almost 50% return from the midterm year lows (2022) to the next year’s highs (2023).
Now is the Time to Buy Good Stocks
Now is the time to buy, and you want to buy stocks that have powerful earnings growth. More on this coming soon — including stocks on my “roster” to put into the “game” of the market at anytime… with some on fire recently like ENPH 0.00%↑, DQ 0.00%↑, IMXI 0.00%↑, RBA 0.00%↑, FNKO 0.00%↑ and others.