Happy Birthday John . Thank you for sharing your knowledge and hopefully the market gives you lots of new highs on the NYSE . I like the VCP pattern on the market . Great visual.
Happy birthday John! Just sent you an email regarding the membership too. btw, one question i have is that how to get to the right % of exposure when the market is already taking off? one idea is just to buy QQQ/SPY to get exposure first as we evaluated the "M", and then rotate that to individual names when those breakout. Would love to hear your thoughts on this.
Getting the right exposure starts with having a watchlist ready even when the market is weak or strong so you are not caught flat footed. If you are underinvested, you need to be patient and not chase extended stocks. There are many names building bases to watch. Given that breadth is still not great and select few stocks are really outperforming, there will be opportunities to increase exposure down the road.
@@RainKingLLC thank you for the reply! Just to play devils advocate here, assuming now we’re in a confirmed uptrend, should get 100% exposure but a lot of names on our watchlist are still basing. Why don’t we buy the index funds while waiting for the individual names to breakout? Or you think this scenario shouldn’t happen often at all
@@James-ez2zf James, I have not been recommending 100% exposure in my videos recent but to each his own based on how aggressive you are. In a new uptrend, I suggest taking a few positions , say 25-30% exposure and if your bets are making progress, then you can increase your exposure. I would never plunge 0% to 100% into a market no matter how bullish you feel....too risky if it turns into a false BO. Your question is a good one if someone feels underexposed to the markets. You could buy an index ETF to get some exposure IF the risk-reward is favorable. I would caution about chasing individual stocks and chasing the index if the index is extended.
@@RainKingLLC thank you! That makes a lot of sense. Yeah this question is more relevant around early May when you were recommending a lot higher exposure. Because I had a hard time ramping up that exposure back then hence the ask
Other way around......the RS Line is a measure of the price action of TSLA vs the SP500. So a rising RS line shows that gradually TSLA showed signs its was acting stronger. But that said, this is a very low base after a very weak period for TSLA and it is a special situation that started when it gapped up last E report and then basically went sideways and the price action tightened showing Funds were accumulating the stock.
