Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

A Nasdaq 100 Stock Showing Relative Strength in August

by August 19, 2023
August 19, 2023
A Nasdaq 100 Stock Showing Relative Strength in August

Stocks were hit hard in August with QQQ leading the way lower and breaking its July low. Stocks that did not break their July lows are holding up better and showing relative strength. These are the stocks I want on my WatchList for tradable pullbacks and short-term breakouts. AMAT is one such stock.

The chart shows Applied Materials in a long-term uptrend, which is the first prerequisite for trading. AMAT is above the rising 200-day SMA and the stock hit a 52-week high in late July. The first indicator window confirms the uptrend because the Trend Composite is positive. Note that this indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP.  

The bottom window shows AMAT performance relative to the S&P 500 SPDR (SPY). This indicator is also above its rising 200-day and this means AMAT shows long-term relative strength. This is the second prerequisite. Short-term pullbacks represent opportunities when the long-term trend is up and a stock shows relative strength. Notice that AMAT pulled back to the support zone from the June-July lows and surged on Friday. This bounce broke short-term resistance and reversed the downswing.

TrendInvestorPro runs momentum rotation strategies that trade Nasdaq 100 and S&P 500 stocks. These are quantified strategies with signals published every weekend. AMAT is currently in the model portfolio for the Nasdaq 100 Rotation Strategy. We also run a mean-reversion strategy that trades stocks in the Russell 1000. Click here to lean more and gain immediate access.

The ATR Trailing Stop, Trend Composite, Momentum Composite and eight other indicators are part of the TrendInvestorPro Indicator Edge Plugin for StockCharts ACP. Click here to take your analysis process to the next level.

—————————————

0
FacebookTwitterGoogle +Pinterest
previous post
Maui company says request for water to fight wildfire delayed several hours while state consulted with farmers
next post
California GOP proposal would distance state party from national messaging on abortion, same-sex marriage

You may also like

How to Spot the Early Signs of a...

August 31, 2023

Pullback Finding Support

March 3, 2023

MEM TV: An Exciting New Area Joins the...

June 17, 2023

The Ord Oracle June 19, 2023

July 19, 2023

Technical Indicator Showdown: MACD vs. PPO vs. PMO

May 24, 2024

The Top Performing Sector is Utilities?!?

May 9, 2024

Week Ahead: NIFTY Placed At Decisive Levels; Set...

May 27, 2023

Called It! The Drop in AAPL Before the...

September 11, 2023

Week Ahead: NIFTY May Stay Tentative In The...

June 25, 2023

GILD: Could the Stock Return to its Glory...

November 4, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump asks SCOTUS to uphold freeze on billions in USAID payments

      August 27, 2025
    • Three Years of Sounding the Debt Alarm at Cato and on the Debt Dispatch

      August 27, 2025
    • Trump Administration Rightly Attacks EU Tech Regulations but Tariffs and Censorship at Home Harm Americans 

      August 27, 2025
    • White House demands all Gaza hostages return home ‘this week’ amid stalled talks

      August 27, 2025
    • Bankruptcy, Hell, and Exit Barriers

      August 27, 2025
    • Trump’s DC Death Penalty Crusade Threatens More Tyranny of the Minority

      August 27, 2025

    Categories

    • Business (8,897)
    • Investing (2,246)
    • Politics (16,501)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved