Discover the leading sectors and industry groups of 2023 and use this top down approach for stock selection to trade the strongest stock in the leading group and sector.
The second best performing group is my favorite as it is on the verge of outperform the S&P 500. Watch the video below to find out. @TigerStars $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$ $Invesco QQQ Trust(QQQ)$
The bullish setup vs. the bearish setup is 438 to 160 from the screenshot of my stock screener below pointed still a positive market environment with no shortage of the trade entry setup.
However the market breadth is still neutral towards positive, which suggested now is not the time to be aggressive as volatility kicks in for the breakout setup.
The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours) on 25 Apr 2023. Click to visit TradePrecise.com to get more stock market insights in email for free.
Comments
This is an important post. Watch the video if you have not.
As the market breadth is still lousy, trading needs to be selective, only focus on the leading sector and thd outperforming stocks.