Knowledge from the legendary traders can go a long way. From the Loeb chapter of ‘Lessons From The Greatest Stock Traders…’

Being flexible was a key trait of the best traders. From ‘How Legendary Traders Made Millions’

Make sure you always check the grades of your stocks. With the market showing failing grades (A/D ratings currently at D/E) you don’t want your stocks failing as well. From ‘Monster Stock Lessons’

Last time we saw A/D grades like this was last October during that late summer/fall correction. Charts from IBD this weekend.

Halfway thru APR24 here’s the net New High/Low (IBD #s ) differential. Shows the change in trend (as always). This is the first 4 day or greater net negative streak since early November and the highest negative reading since late October. Will see what happens next.

A few interesting market stats from IBD this evening.

YOU WILL NEVER BE PRO TRADER UNLESS YOU LEARN FROM MARKET LEGENDS.

HIGHLY RECOMEND THIS VIDEO WARTCH IT ON YOUR WEEKEND. #IBDpartner

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Charts from IBD this weekend. Haven’t seen A/D ratings this low since the last week of Oct (just before the uptrend started). Also, compare the blue volume bars from Nov - Feb (circled) to the current time. That’s a big cause for low A/D ratings - lack of accumulation. See what

3 in a row net negative days now - first time since mid January. Still net positive (barely) for the week (12th week in a row since that mid January time mentioned).

From Wyckoff in 1925 ‘Studies In Stock Speculation’

Breaks the 38 straight net positive streak going back nearly 2 months. 2nd worst net reading of the year (-125 was on 1/17).

These are the two stocks O’Neil made significant gains on (tens of millions) in the late ‘70s and early ‘80s to fund the start of IBD 40 years ago today.

Tomorrow is the 40th anniversary of Investor’s Business Daily (IBD)! From newspaper boy to launching the best stock market focused newspaper, William O’Neil helped millions of investors over the past 4 decades.

From ‘My Own Story’ - Bernard Baruch

“I believe in history and facts rather than listening to personal opinions.” From ‘The Successful Investor’ - William O'Neil

Legend William O’Neil on the 5 market books he mentioned that had the most impact on him.

Monster Stock history lesson.

From ‘Lessons From The Greatest Stock Traders…’ (Loeb chapter).

Homework list from early Nov ‘23 when IBD called the start of the current uptrend. Many ask how to find these now extended stocks when they were in the early stages. It’s doing the chart work every week no matter what the market is doing so you’re always prepared.