My Weekly Focus List w/ Analysis
Top Ideas and Thoughts
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 to my watchlist ↓
Weekly Situational Awareness:
We remain in a corrective state and under a declining 21 ema. There are developing bright spots out there but rotation continues.
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 RS ( Looks for High Momentum movers with high ADR %)
Then I combine all the promising stocks into one list which I call my wide WL
ADBE ALSN AMGN AMR ANF APP ASND BBIO BCC CEIX CELH CLS CORT COUR CVNA CW DLO EME ERIE ESTE ETRN FANG FLT FRSH GPN GTLB IONQ J KD LI LLY MNDY MOD MOH MTSI NBIX NE NOV NTRA NVDA NVO ODFL QLYS REGN RELY RVMD RYTM SPLK STRL TDS TSLA UBER UPWK USM VRNS VRT VST WFRD WST YETI
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.
APP CEIX CELH CVNA ESTE IOT KD MTSI NVDA NVO RYTM TSLA UPWK VRT WFRD
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.
APP watching for a move through the short term flag
CEIX watching for flag breakout and follow through on Friday’s move
CELH watching for post EPS flag breakout
CVNA - Watching for 21 EMA range breakout
ESTE watching for continuation move, could need more time
IOT Watching for range to form above 21 ema
KD watching for flag breakout
MTSI watching for continuation move, big base
NVDA watching for ranges to tighten
NVO watching for a range to form
RYTM watching for a breakout on volume
TSLA watching through pop through range and 21 ema
UPWK watching for continuation move
VRT missed best entry, watching for follow on entry tactic.
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.
As you can imagine, I also use the 126 sma instead of the 200 day . LOL!
Thanks! The 63 day sma represents 3 months of TRADING days, (one quarter). IMO, this line actually represents something, as compared to the 50 day, which is just a nice round number and that’s it!
In my experience, the 63 day works better. Just take a look at NVDA very recently, as an example. There are so many other examples. My “conspiracy theory” is that many institutions use this line instead, in order to build positions and exit them.