Is the Capitulation Over?

How and what to trade after the largest drops in history for some market indices. This creates opportunity, although knowing where and how to trade is critical. Which companies will stand up and shine? Gary Glover looks at the opportunities within the markets, the selling stages, target zones on upside and downside.
Constantly looking for the sectors showing relative strength, Gary reviews the top Healthcare charts on the ASX. as pullbacks and larger volatility in the long term requires a different trading approach. Also looking for strong volume and a strong bounce combination for the market to indicate a higher move. Gary Glover explores this week’s best positioned growth shares and sectors that can turn quickly.
Gary’s Dogs of the Dow for the ASX laggards into June 2024: • Which ASX Dogs Can Bou...
Gary’s Adelaide presentation: Gary Glover’s Upcoming Australian Technical Analysis Association presentation in Adelaide on 15th May 2024:
Events - Australian Technical Analysts Association
Chapters:
1:30 Largest Correction to expect
2:10 NASDAQ Chart review - 60 Year Cycle insights
3:30 I don't see a Bear Market Here
4:20 Trading Adjustments from here
5:05 SP500 charting insights - what to look for towards year end
7:10 ASX200 XJO pulling back to the 'red zone'?
9:00 Dow Jones, back into the channel
12:00 Comm Bank CBA - stretched valuations coming back down
17:05 RIO and Miner's opportunities
19:10 Mineral Resources MIN
21:00 Liontown Resources LTR ASX
23:20 Temple and Webster TPW
25:40 Tyro TYR ASX
27:40 Charter Hall CHC
30:00 Adjustments to Trading and Looking at Index for Opportunities
31:00 Reporting Seasons impacts.
Companies discussed are:
RIO asx, CBA asx, MIN asx, LTR asx, TPW asx, TYR asx, CHC asx. Rio Tinto, Commonwealth Bank, Mineral Resources, Liontown Resources, Temple & Webster, Tyro Payments, Charter Hall.
Glover explores new trading shares and their charts to review the current market position, indicators and momentum for the the trades he's placing this week. While looking at the trading shares to monitor in this phase of the market and understanding the technical aspects of the US and AU indices. Glover looks at the leading market indices and shares for trading this week.
Gary Glover is an experienced market professional with two decades of swing trading and technical analysis advisory services. Glover is well known for his insights on the ASX 200, S&P500, NASDAQ and Dow Jones insights using Wyckoff Theory, Mark Minervini trading strategies and Volatility Contraction Patterns to help clients decide what the best stocks to buy now are. Some of his favourite trading strategies are false breaks and springs from the Wyckoff Trading method of swing trading strategies.
Finer Market Points Podcast: Finer Market Points' ASX Podcast
Christopher Hall Twitter: / chall_au Gary Glover Twitter: / glovergary
Finer Market Points connects leading market themes with the best-performing companies for better trading. Finer Market Points is presented by Christopher Hall with Shares In Play looking at the best performing growth shares and ASX small caps riding the tailwind of the industry themes leading the market higher. The Hot stocks to trade now range from ASX 200 blue chips to small tech stocks and mining stocks with the strongest performances.
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Our playlist on technical analysis on US and AU share markets is here:
• Gary Glover
VCP Tutorial - Volatility Contraction Pattern:
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Trading Small-Cap Miners - the High and Tight Flag tutorial is here:
• Charting Tutorial | th...
Trading Pocket Pivots from Gil Morales and Chris Kacher's extension of William O'Neil and his CAN SLIM trading methods used by Investors Business Daily:
• Pocket Pivot Tutorial ...
General Advice Warning:
The advice in this newsletter is of a general nature only and has been prepared without taking into account any of the objectives, financial situation or needs of any person. Before making an investment decision on the basis of any advice in this document, you need to consider, with or without the assistance of a financial adviser, whether the advice is appropriate in light of your particular objectives, financial situation, and needs. Presenters may have commercial interests in the investments discussed.
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