Stocks Coiled Ready to Spring | Weekly Focus List
Hi everyone,
I hope you are having a great Sunday!
In this post I’ll share my wide watchlist and my focus list going into next week.
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Now let’s dive in ↓
Last Week’s Market Action
The QQQ, Nasdaq 100 ETF:
The uptrend continues and many stocks seemed primed for continuation upwards. The QQQ is resting above it’s July highs although was a bit choppy during the holiday week
Let's cover each day's action:
Monday - Strong move from the short consolidation, making fresh yearly highs
Tuesday - Gap down and but tight action near the pivot
Wednesday - Gap up but failed to push higher
Friday - tight day above the pivot
The IWO has work to do but looks constructive
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
Tight Range Screen ( Looks for High Momentum movers that are now tight)
AAOI ABNB ACLX AFRM AMAT AMD AMPH AOS APP ARM BEAM BLD BLDR BRZE CAMT CDNS COIN COUR CRM CRSP CRWD CUBI CYBR DASH DDOG DHI DKNG DOCS DT DUOL ENTG EXPE FIVN FLR FOUR FROG FRSH FSLY FTAI GNRC GPS GTLB IBP INTC IOT JBL KBH KD LMND LRCX MBLY MDB META METC MMYT MNDY MOD MPWR MSTR NAIL NVDA NET ONTO ORCL PANW PATH PINS PLTR RCL RMBS ROKU RPD SKYW SMCI SN SNAP SNOW SONO SOXL SPOT STNE SYM SYNA TAL TMDX TT TSLA TTWO UBER UPWK UUUU VRT WING WIRE XP XPEV 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. This week there are 95 names
I also look at the common themes in the charts. Crypto, AI/Semis, Homebuilders, Airlines, Genomics stand out
Focus List in Deepvue
From the universe list I make several cuts to focus on the highest potential, most actionable names for the next week:
ACLX AMD CAMT COUR CUBI DASH DUOL FOUR GTLB IOT KD MDB MMYT NAIL ONTO PINS PLTR
ACLX swing trade type name & setup
AMD watching for a push higher on volume
CAMT watching for a base breakout
COUR watching for continuation up
CUBI noticed a lot of banks setup
DASH looking for another step up from the range
DUOL watchin for push higher, ideally contracts one more time
FOUR watching for push higher
GTLB see if it can move up the right side of the base
IOT see if it can move up the right side
KD watching for CU
MDB watching for continuation up (CU)
MMYT more speculative name
NAIL etf for the homebuilder theme
ONTO looking for CU
PINS watching for CU, nice tight
PLTR watching for pullback buy. Pivot or at 21 ema if it shows respect.
What stocks are on your focus list? Leave a comment below
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Cheers!
Richard
Thanks once again for sharing your thoughts. What does CU mean? And $14 a month, but $390 a year? Doesn’t sound right.