Scanning less to find the market leaders: 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:
AGC Ltd, PH2, RCR, ARR, IRI, LTP, PMT, M4M, MMC, TLM, CYM, LGM, AIS, CHN, NXL, CXL, CAY, FHE, CAI, AZL, EGR, CMW, PLT, OFX, NHC, IDX, CAT, ERD, VNT, CNI.
AGC Ltd, Pure Hydrogen Corp, Rincon, American Rare Earths, Integrated Research, Ltr Pharma Limited, Patriotbatterymetals, Macro Metals Limited, Mitremining, Talisman Mining, Cyprium Metals Ltd, Legacy Minerals, Aeris Resources Ltd, Chalice Mining Ltd, Nuix Limited, Calix Limited, Canyon Resources Ltd, American Rare Earths, Frontier Energy Ltd, Calidus Resources, Arizona Lithium Ltd, Ecograf Limited, Cromwell Prop, Plenti Group Limited, OFX Group Ltd, New Hope Corporation, Plenti Group Limited, Integral Diagnostics, Catapult Grp Int Ltd, Eroad Limited, Ventiaservicesgroup, Centuria Capital.
Gary’s Lessons from studying the world’s best traders:
[ Ссылка ]
Mark Minervini's Volatility Contraction Pattern (VCP) tutorial here:
[ Ссылка ]
Lithium Breakout Stocks on the ASX:
[ Ссылка ]
High and Tight Flag tutorial using Small-Cap Miners as exampled is here:
[ Ссылка ]
Trading Pocket Pivots from Gil Morales and Chris Kacher's extension of William O'Neil and his CAN SLIM trading methods:
[ Ссылка ]
Our playlist on technical analysis on US and AU share markets is here:
[ Ссылка ]
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.
[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
