My Weekly Focus List (Sep 4, 2023)
Hi everyone,
I hope you are having a great Monday!
In this post I’ll share my wide watchlist and focus list for the upcoming week
Before we get into it, here is a quick reminder that the Labor Day Sale for TraderLion Masterclasses ends tonight at midnight. Save up to 60% off
These Masterclasses with Top Traders, Market Legends, and US Investing Champions helped accelerate my learning curve immensely. They can do the same for you.
These are similar to investing in obtaining your masters degree in trading.
The strategies and methods you learn can have a dramatic impact on the rest of your trading career.
Bonus! Use your coupon code SummerTL for a further $100 Off
Now let’s dive in to my watchlist ↓
Weekly Situational Awareness:
Price action continues to improve as move stocks move up the right sides of bases and break out. However, we ran hard last week so are a bit short term extended.
We are seeing some rotation into Oil and gas, pharma but plenty of growth groups acting well.
With the market back in an uptrend treat stocks on their own merit.
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 %)
Then I combine all the promising stocks into one list which I call my wide WL
AAOI ABNB ACHR AEHR AFRM AI ALGN AMGN ARCH ARRY ASAN ASND AUR BBIO BKNG BMA CRWD CVNA CYBR DELL DLO DPZ DUOL EH ERIE ESTC FN FRHC FRSH FULC GEN GES GGAL GTLB IONQ IOT J JBL LEGN LI LLY LULU MELI MNDY MRTX NTNX NVDA NVO OKTA ON ONTO ORCL PARR PDD PLTR POWL PSTG REGN RIVN ROIV ROKU S SHOP SMCI SN SNPS TSLA UBER UPWK VEEV XP ZS
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.
Weekly Focus List.
Here is my Focus List for the week.
AAOI ABNB AI AMGN ASAN AUR BBIO IONQ IOT MNDY GEN NVDA ORCL REGN SMCI UPWK
*Warning some of these have EPS very soon, hence the Deepvue Flag next to symbol.
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.
Some of these need a few more days to develop.
Charts
AAOI watching for this to tighten more, compress above the 21
ABNB S&P inclusion, watching how it acts
AI watching for EPS move
AMGN watching for range breakout
ASAN watching for EPS move
AUR speculative name. Love the tight range. This will be a VERY fast mover, up or down. Manage risk as always
BBIO watching for range breakout
IONQ fast mover, ideally a bit more of the range forms. inside day would be great
IOT, watching for a spot to manage risk against
MNDY, needs to firm up a bit more
GEN, cyber security stocks acting well, watching for range breakout
UPWK feels close to ready
I hope you found this post helpful! Let me know your thoughts/feedback in the comments and 1-2 names you are watching.
Cheers,
Richard
P.S. you can use code SummerTL for $100 off any TraderLion Masterclass for only the next few days.