Right of the Chart

The market has been experiencing a sideways consolidation over the last several weeks.  As 50-day moving averages begin to catch up with their 21s, there are opportunities for A.M.P.D. traders to enter hot stocks while they digest recent gains -- with tight protective stops below support and an understanding that the market is extended and could pull back at any time. 

The Fed announced it is standing pat on interest rates for now, and the market responded well to the news. As several indices reach new highs, it appears we are emerging from a shallow pullback after a sideways consolidation. As some leading stocks take a dip, old favorites like $AMD may be poised for a new run. 

Institutional selling has the QQQ down on volume. It's what the street calls "distribution." While the market remains strong and we're still seeing breakouts, the increased frequency of distribution days could be a signal that the current run may be near its peak. A.M.P.D. traders are checking their protective stops in preparation for a pullback or a correction.  

After a volatile week, Adam Sarhan talks about signs of broad strength in the market, but he cautions traders to be on the lookout for a pullback. A.M.P.D. traders are deciding how much of their unrealized gains they'd be willing to give back when the market turns, and they're placing their protective stops accordingly to manage their portfolio heat. 

Self-guided trader and Find Leading Stocks subscriber Mark Fishman joins the podcast to talk about how he's incorporated the lessons from Adam Sarhan's A.M.P.D. trading strategy into his own system. There's a warning against chasing stocks and lowering stops, and a recognition that some "psychological housekeeping" can keep traders from making emotional decisions in the market. 

Despite starting down on this shortened trading week, the QQQ gapped up on Thursday, perhaps with a little help from Nvidia's ($NVDA) better-than-expected earnings report. Adam Sarhan explains that the Q's have formed a three-week base in a sideways consolidation of recent gains, which is a bullish sign. 

It looks like ($SMCI) may have just completed a climax run. Adam Sarhan uses SMCI's extraordinary run to demonstrate how traders can use the A.M.P.D. strategy to keep their losses small and let their winners fly. 

After a week of explosive breakaway gaps -- and as we're about to experience the 14th up week out of the last 15 in the QQQ -- Adam Sarhan cautions A.M.P.D. traders about the risks of chasing winners after big breakouts, including the possibility that the market could pullback to digest this unusual bull run. 

The market continues to rally -- up 13 of the last 14 weeks -- and the bulls remain in control despite any countervailing macroeconomic indicators. Adam talks about the mindset required to recognize when times are good, and as Ray Dalio says, "ring the bell" and enjoy your success.  

Netflix ($NFLX) had a breakaway gap up on earnings this week, and so far it's managed to build on those gains. Adam Sarhan explains why A.M.P.D. traders like to "buy high and sell higher."