Are you a trader with rules, do you stick to them? How do the best traders define the different groups of traders? Gary covers the Weekly 3030 List for the ASX's Top Momentum shares for the quarter and weekly leaders. Reviewing the List Gary covers the trades he's looking at that are on the Launch-Pad, fuelled up and ready to run. Exploring the charts to understand the best performers today and those poised for a breakout in the next week or two.
Gary Glover maintains his 4 most important trading lessons that helped him produce his best trading returns yet; The importance of Focusing on the right strategies, being in the right areas of the market, scaling into positions, risk management and a bonus insight of how insightful reviewing your trades can be.
Market Leaders make new highs on the ASX as their momentum carries the share prices higher. Understanding the leaders is the first start to identifying the next leaders. Surfacing top trading shares on the ASX by combining two leading scanning and filtering tools. William O'Neil's Relative Strength Index (RS Index) and Mark Minervini's Volatility Contraction Pattern (VCP) are two of the most highly regarded filtering methods to find the market's best trading shares. Applying these scans to the ASX to find a shortlist of trading shares to review.
ASX trading history shows that the strongest rallies have come from the Small-Cap miners, out-performing the larger caps that contribute to the theme help drive the market as the ASX200 reaches new highs. Investors Business Daily publish RS Index data for the US, although this data is harder to come by for the ASX. Finer Market Points looks at the best small-caps to understand their charting patterns, volume, timing, and gains to find Pocket Pivots, Volatility Contraction Patterns, Buyable Gap Ups, and High and Tight Flags along with RS Index and VCP scanning. These are used in conjunction with canslim (CAN SLIM) and Wyckoff's theory.
Companies discussed today are:
FND asx, ZIP asx, AXE asx, IMU asx, ARL asx, XAM asx, PAA asx, DXB asx, EML asx, NXL asx, DYL asx, BMN asx, CKA asx, SLX asx, PDN asx, SVR asx, TUA asx, PEN asx, A1M asx, NXG asx, FPH asx, RHC asx, HLS asx, ACL asx, BBN asx, PMV asx, JBH asx, EL8 asx, JMS asx
Findi Limited, ZIP Co Ltd.., Archer Materials, Imugene Limited, Ardea Resources Ltd, Xanadu Mines Ltd, Pharmaust Limited, Dimerix Ltd, EML Payments Ltd, Nuix Limited, Deep Yellow Limited, Bannerman Energy Ltd, Cokal Ltd, Silex Systems, Paladin Energy Ltd, Solvar Limited, Tuas Limited, Peninsula Energy Ltd, Aic Mines Ltd, Nexgenenergycanada, Fisher & Paykel H., Ramsay Health Care, Healius, Au Clinical Labs, Baby Bunting Grp Ltd, Premier Investments, JB Hi-Fi Limited, Elevate Uranium Ltd, Jupiter Mines.
Mark Minervini's Volatility Contraction Pattern (VCP) tutorial here:
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Lithium Breakout Stocks on the ASX:
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High and Tight Flag tutorial using Small-Cap Miners as exampled is here:
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Trading Pocket Pivots from Gil Morales and Chris Kacher's extension of William O'Neil and his CAN SLIM trading methods:
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Our playlist on technical analysis on US and AU share markets is here:
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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.
Other reports linked to the markets are:
Download the Top ASX uranium miners riding that market higher.
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To see the ASX’s best US miners:
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How Tesla are approaching the supply chain issues:
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[Disclaimer: this is not taxation, financial or advice. Seek your own professional opinion on how these investments impact you and your personal circumstances. Presenters may have commercial interests in the investments discussed]
Top6 #FinerMarketPoints #VCP #Markminervini #SharesInPlay Wycoff theory
