Focus List for 1-15
Hi everyone,
I hope you are having a great Monday!
In this post I’ll share some quick thoughts on the market and the stocks on my Focus List
Market Action
The QQQ is up quite a few days in a row but is forming a tight area.
Going through my screens there were many stocks that were tightening RMV < 10. From tightness comes expansion one way or another
Themes
I’m focused on:
Semis/Ai, Software, Bio/Pharma, Homebuilders. MSOS an emerging theme
Wide List
ACMR AFRM ALTR AMD ARCT ARVN ASTL BLD BLDR CELH CAVA DDOG DFH DOCN DYN ESTC EXPE FROG ODD HIMS IBP IMCR IOT LABU LBPH LSPD METC MRNA NVDA PCOR PLAB SMCI STEP STNE TWST UBER UPWK XMTR ZIMV
Focus List
AMD - NVDA is the leader but this one is forming a tight area, could need more time after the run up
CAVA - IPO to watch
DFH - homebuilder theme
DYN - Spec name that broke out of a huge base on volume
ESTC nice inside day and overall setup
IOT watching for another tight pullback into 21 ema
PLAB pulling into the 21
SMCI big base
STNE tight at the 21
LABU - saw a lot of small spec bios set up in screen review
Reminder:
Risk Management is Paramount
Refuse to enter randomly without managing risk and wait for the spots to develop, they will. Stocks during strong moves always pull back to the 21 ema, 50 sma multiple times.
Have patience, focus on the best stocks with the greatest potential. These will telegraph the rest of the market.
Take it day by day and manage risk along the way. Be ready for anything
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Cheers!
Richard
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