Ming Jong Tey
Independent Analyst
Watch the free-preview video below extracted from the WLGC session before the market opens on 25 Jun 2024 to find out the following:
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What it means for the Nasdaq 100 to be in an extremely overbought condition and how to identify these levels.
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How the current Nasdaq 100 rally compare to previous rallies in terms of momentum, volume, and duration?
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Key indicators that signal potential pullbacks or reversals in the market, and what traders should look out for.
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What historical patterns can traders look for to anticipate the next move in the Nasdaq 100.
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And a lot more…
Market environment
The bullish vs. bearish setup is 266 to 137 from the screenshot of my stock screener below.
Heavy profit-taking was spotted on 20 Jun 2024 in Nasdaq 100, especially the semiconductor industry group SMH as posted last week in the latest Substack Note:
Despite the pullback in Nasdaq 100 and the S&P 500, the number of bullish setups increased.
This is further confirmed by the short-term market breadth, indicating potential rotation from the technology heavyweights into Dow Jones and Russell 2000.
Three stocks ready to soar
10 “low-hanging fruits” TGTX, HIG trade entries setups + 14 actionable setups MMYT were discussed during the live session before the market open (BMO).
TGTX
HIG
MMYT
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