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 (QQQ)
Short term: Up (Above a increasing 5 SMA)
Intermediate Term: Up (Above a increasing 21ema)
Mid Term: Mixed (above a declining 50sma)
Long-term: Down (Below a declining 200 sma)
We have potentially seen a character change in the market starting last Thursday. We are not out of the woods yet but many stocks have had a strong initial thrust upwards.
For my full market commentary see here:
Watchlist Charts from @MarketSmith
LTHM watching for it to hold here and build a high handle
ARRY great numbers and estimates
ANET can it break through the base highs
VRTX potential shakeout
HRMY watching for a break above this flag
RPRX choppy stock but within a base
WING maybe a bit ST extended but a recent earnings gapper to watch
DXCM I want this to hold and continue to build a flag after the downside reversal
AEHR extended but strong, potential leader
MEDP watching for an entry in the gapper
PI great numbers
ON extended but a name to watch. GFS as well
ENPH watching to see if it can firm up and finally get above this level. FSLR also on watch
Remember to be ready for anything and to manage risk always!
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Have a great week!
Richard
Absolutely loving your content Richard, would you be open to allowing us to share it with our 60k+ audience as well?
Hello Richard,
Regarding long-term in DECLINE for the QQQ 200dma.
Back in June-July price was as much as 20% below the 200dma.
Oct.-Nov had a recent low of 16% below the 200dma before rising the last two days.
Can I attribute any importance to these levels. (higher low)?
Thanks.