Weekend Stock Market Price Action Recap 4-24-20
2:14 pm April 24, 2020//
Weekend stock market price action recap for Friday, April 24, 2020 analyzing the technicals of all major markets and sectors.
Stocks featured in this video: SPY IWM QQQ ACWX LQD JNK VIX TLT USO UNG GOLD SILVER XLE IBB
Enjoy the latest promotion on the charting software used in this video, TC2000 when you signup with The Trade Risk’s referral link.
Hi there Evan. I just wanted to let you know that the addition of the new Trend filters is a huge upgrade for the viewer. I’d like to understand whether the first sign of a yellow dot on any chart would be a good indicator of the trend transitioning to the opposite side…. ie. if I hold IBB in an uptrend and we see a yellow dot, is this a good indicator that perhaps we are moving into a downtrend ( red ), and therefore I should be cautious and/or lighten my position ??? It would be helpful if you can add some colour to this new indicator in future videos.
Have really enjoyed your easy-to-listen and easy-to-understand communication style and I always look forward to your weekly recap video.
It would be great if you could add a few of the high beta stocks to your review each week…. eg. AMZN, GOOGL, NFLX, MSFT, DIS etc. etc., along with some of the new trend filters.
Thanks again for your work.
Frank Tucci
Hey Frank,
This is great to hear, thank you for the thoughtful comment.
I am definitely going to spend some more time explaining the trend filters next video, but the short answer to your question is the yellow “transition” area for stocks is where you will potentially see the crossover in the other direction, however there’s still not enough strength to fully confirm. If you are taking entries there, just note you will be early and sometimes wrong or whipsawed, but other times you’re going to be happy you got in at a better price before the “green” signal.
The other recommendation I would make is drilling down to a smaller time-frame when you see yellow and look at a 60 minute chart or something small to help you decide whether or not you should take the early signal should be helpful. I’ll talk more about this in next video.
Thanks again.