Staying flexible as we will be at the crossroads VERY soon.
Today’s action by the leaders was VERY impressive, Cream rises to the top…so here is my new Webby Cream @MarketSmith screen.
MonthApril 2020
Below are two graphics to accompany Mike Webster’s IBD Weekend Stock Market Update: Tom Petty’s ‘Won’t Back Down’ FTD. The focus of the charts is to highlight the technical action throughout the week.
With Angus back in the house… I thought I’d create a new @MarketSmith screen with today’s action in mind.
It’s the “Webby Angus Rocks” screen @IBDinvestors @IBD_Irusha @jonny49er 😀
Hey, I was just asked why this screen. On huge days, you want to look for stocks that were pulling up the market…rather than being pulled along with it.
The focus (besides basic housekeeping):
- Off high better than the market
- Solid closing range
- Big % move
- At least some volume
Below are two graphics to accompany Mike Webster’s IBD Weekend Stock Market Update: Belated April Fool’s Follow-Through Day. The charts depict the week’s technical action using Mike’s article as a guide.
The first image is the 30,000 foot view of the week’s action:
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