Stocks Showing Relative Strength

Hi everyone,

Below is my weekly watch list with commentary. Before we dive in, make sure you don’t miss any future ones by subscribing below

Situational Awareness

Short term: Down (below a declining 5 SMA)

Intermediate Term: Down (below a declining 21ema)

Mid Term: Down (below a declining 50sma)

Long-term: Down (Below a declining 200 sma)

Before going through this list keep in mind that the market trend is negative. If you have a longer-term timeframe, cash is likely the highest probability play.

For my full market commentary see here:

New Market Lows Incoming?

Watchlist

WOLF Holding up very well

ENPH nice upside reversal friday

TSLA holding up the best of big tech

FSLR continues to trend

PTCT acting well

SWAV Oops reversal friday

STEM recent failed BO but holding the 21 ema

TH holding the 50 sma

CELH holding the 50 sma

NBIX holding up well

Remember that the trends are all still down, these are just stocks holding up well.

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Have a great week!

Richard