My Basic Trend Following system :
EMA-9> EMA>21>EMA> 63> EMA> 200.
RSI > 55
Weekly bases - Minimum 4 weeks.
Volume up by 200% .
Some others point to note :
Institutional sponsorship must.
Leading group
Annual Growth > 15 %
Quarterly growth > 15%
PEG <2.5
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Oil, copper and other commodities came under heavy selling pressure today and that's a good thing because it's mounting evidence that inflation may be peaking.
Positive signs on inflation include fertilizer prices peaking and trending downward. Used Car prices are also down (which led inflation). The recent price break on the $XLE - which emerged almost to the day the market topped, could be an indication that we are close to a low. pic.twitter.com/2MtcKjjmAz
— Mark Minervini (@markminervini) June 23, 2022
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