Thread by @TedHZhang

Everything I look at during my weekend process to gauge a sense of market direction and its breadth: 🔽 🔽🧵

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1. @IBDinvestors newspaper Look at the #IBD50, IPOs, Stock Spotlight, General Market Trend and A/D line.

If any news headlines catch my eye related to any of the stocks that I own or am watching, I will read through them.

2. Stage Analysis of Charts of Market Averages.

I personally use @MarketSmith, but any stock chart service will do. I focus on the S&P500, NASDAQ and Russell2000

For more info about Stage Analysis check out @TraderLion_ @StanWeinstein13 partnered masterclass.

3. @Trader_mcaruso Net H/L indicator on @tradingview. Basic account is free so anyone can access it.

This indicator calculates the net number of all highs - all lows.

4. @Barchart S&P500 and NASDAQ survey’s. I look at % of stocks above various key moving averages.

barchart.com/stocks/indices…

barchart.com/stocks/indices…

5. Secondary indicator: bullish vs bearish sentiment on
aaii.com

This indicator is more useful when there is radical bullishness or radical bearishness to get a feel of potential topping/bottoming

6. Stage Analysis Screener by @nextbigtrade. I love this free tool.
screener.nextbigtrade.com/#/indexes

You can see the various % of stocks in each stage of @StanWeinstein13 stage analysis as well as in individual sectors.

7. marketwatch.com for its U.S. economic calendar

8. @eWhispers for his neatly summarized earnings graphics.

If you enjoyed this thread, please like and retweet the first tweet and for more of my market thoughts, please hit that follow button.

https://twitter.com/TedHZhang/status/1561435808791420929