Ming Jong Tey
Independent Analyst
Watch the video from the WLGC session before the market opens on 17 Sep 2024 to find out the following:
- The “ideal” scenario based on the Fed’s announcement to form the expected “patterns”.
- The 2 key factors you need to watch that will impact the S&P 500.
- How to detect the exhaustion of the upside momentum with hidden supply.
Market Environment
The bullish vs. bearish setup is 561 to 47 from the screenshot of my stock screener below.
Three stocks ready to soar
Six “low-hanging fruits” trade entries setups and 15 actionable setups were discussed during the live session before the market open (BMO).
There is no shortage of the bullish setups. In fact, there is complacency in the market as reflected in the bullish vs. bearish setups above (ratio of more than 10:1).
The priority is on managing the existing positions such as tighten the stop loss and scale out to lock in the profit.
It is essential to continue to monitor those outperforming stocks especially during market pullback. These stocks will likely to sustain the rally and continue to beat the market.
These are the stocks I am paying attention to and looking for triggers from the setups, such as EAT, SE, NOVA.
EAT
SE
NOVA
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