April 26, 2022
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Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.
- No trades triggered.
Stocks recovered from a weak open and rallied in the afternoon session with the S&P 500 and Nasdaq Composite closing more than 2% above the day’s low. Monday’s reversal could spark a short-term bounce in the averages. Whether that bounce is another 2-3 hours or 2-3 days we don’t know.
Although the market could bounce higher in the short-term, conditions are not ideal for new long entries.
Here are a few of the better-looking names along with an unofficial setup in $REXR.
$CAR, $CUTR, $DLTH, $DEO, $f
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – $REXR – over Monday’s high
- Shorts – new setups should develop within the next few days
See you in the chat room,
This list is a good starting point for monitoring the health of the market for those who have limited time.
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