My Weekly Focus List (Sep 17, 2023)
Hi everyone,
I hope you are having a great Sunday!
In this post I’ll share my wide watchlist and focus list for the upcoming week
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Now let’s dive in ↓
Weekly Situational Awareness:
The indexes and semiconductors in particular tooks shots Friday. However there are still quite a decent amount of stocks and groups holding up.
I remain open to anything the next week or two, increased selling, more basing/chop, or developing uptrend. I will let the market and stocks decide.
Wide Watchlist
The first step in my process is to go through my main weekend screens in Deepvue as well as my previous weeks watchlist and pick out stocks that catch my eye, are developing, current leaders, or are showing significant strength.
The Screens I Run
Deepvue Universe Screen (Preset)
Liquid Strength ( Looks for high $ Volume names with strong RS Scores)
Wide IPO Screen ( Looks for recent IPOs in past few years with decent RS Scores
Pure Momentum ( Looks for High Momentum movers with high ADR %)
ABNB ACHR ACI AEHR AFRM AKAM ANF APP ARRY AUR AVAV BN BBIO BRZE BX BXMT CAMT COIN CRNX CRWD CSCO CVNA CYBR DKNG DLR DUOL ESTC FN GSHD FTRE INSM IOT SN LI MCK MELI MLTX MMYT MOD MORN NE NTAP NTNX OKTA OLLI OVV OWL PAAS PATH PDD PLTR PSN PUMP RCKT REGN RIVN RYTM SGML SHOP SIG SPOT TIGR TSLA TTI UBER USM VMW VNO VRT WSM X XP XPEV XPO YETI ZION ZS SDRL MBLY SKWD NXT
The # of stocks on this wide list as well as the groups they are in inform me on rotation and the health of the market. This week there are 81 stocks
I also look at the common themes in the charts.
Weekly Focus List.
Here is my Focus List for the week.
ABNB ACHR ANF APP AUR AVAV COIN CYBR DKNG DUOL ESTC MELI PDD PUMP RIVN SPOT TSLA UBER
I make several cuts to my wide list to arrive at this, considering the patterns maturity, strength of recent action, fundamentals, and wether I consider it to be a leader.
My timeframe for these is swing/potential position trade.
I’m looking for logical tight areas where I can easily manage risk against and know if the setup fails. Typically my stops will be at the recent higher low or bottom of range.
Selected Charts
ABNB Forming the right side of the base and holding the gap
ACHR Coiling, more of a swing trade type name
COIN noticing the tightness around the bottom of the base here
CYBR held well and stellar EPS Sales growth estimates
DKNG moving up the right side of the base
DUOL forming a range up here
PDD The chart looks excellent, added risk with chinese names
MELI forming a range against the base pivot
TSLA watching for a push higher from this range
UBER pulling back to the consolidation pivot area
What are your top ideas for the week? (Leave a comment below)
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Cheers!
Richard
market has not been healthy for a week or two-- time for a holiday imho till medicine starts to work
--percent of nadaq above 50 and 200 is alarming
Awesome post and great process!