We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
Commodities are showing up on the green side of the screen these days as we witness a recovery. One of the commodities that have displayed strength time and again is Natural Gas. The price is currently trading at an all-time high and we're here to revisit those crucial levels.
Last night we held our August Mid-month Conference Call. This is when we discuss our tactical view of the market and look for any signs of change in the short-term trend.
Let's go through some of the most important charts to track as this month progresses.
We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.
The market has brought up back to the point where we have to increase the headroom on the Adani Group charts again!
These updates have been such great reminders of riding the trend, don't you think? The way these stocks have taken off and continue to move higher is quite the story!
So without any further delay, let's take a look at the levels we're following next!
For starters, let's see where our custom equally weighted index is headed. Of course, we know it's moving higher, but it's important to note the trend.
Well, there we have it! Higher highs, higher lows. Held on to the support zone and bounced off of it. It's now got a little more room before it runs into resistance.