MonthMay 2020

Webby’s Deja VooDoo Screen

I heard some of you wanted more homework 😂

Here’s a new screen with some oldies but goodies. Webby’s Deja Voodoo @MarketSmith Screen.

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Stock Market Update Charts – Week of 5/25/20

The following three charts are based on @mwebster1971‘s Weekend Stock Market Update, The Raging Bull Rests.

The first chart focuses on the daily activity as well as a summary of the moving averages at the close of the week.

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Technical Analysis of Two Historical Power Trends

Given we started a power trend on 5/8/2020, the topic has been a common theme of @mwebster1971‘s Weekend Stock Market Update.

In a previous post, What is a Power Trend and How to Spot it on a Chart, I outlined the specifics needed to start a power trend. I also included examples of two power trends, one in 2016 and one in 2018.

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Stock Market Update Charts – Week of 5/18/20

Following are three charts that you can use as a visual reference for @mwebster1971‘s Weekend Stock Market Update for the week of 5/18/2020.

The first chart shows the 30,000 foot view of the week’s activity. I’ve highlighted the chart with colors to emulate a candlestick look on top of a 5-minute chart.

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Buying Stock on Pullback and Upside Reversal

I recently used a pullback followed by an upside reversal to buy shares in two stocks. One of the buys was within a base, which I used as an early entry. The second was a buy to add to an existing position.

It’s worth noting, I am not recommending either stock. My intention is to show how I used a pullback and reversal for two past trades.

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