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 Trend: QQQ Below a Declining 5 sma - Down
Intermediate-Term Trend: QQQ Above a rising 21ema and 50 sma - Up
Long-Term Trend: QQQ below a declining 2022 sma - Down
Watchlist
ARRY - holding 20 during an orderly pullback
ENPH - I don’t like the action the past few days but it remains at all-time highs. Needs to hold that 21ema
EQT - My focus if energy begins running
TH - nice inside day Friday, lots of volume
GFS - needs to reclaim that pivot
ON - Nice action Friday
CELH - I’d like to see this tighten and for volume to decline
LMT - watching for a big volume move through the pivot
CF - moving up the right side, nice upside reversal Friday.
WOLF HV1 - looking for a push through that close.
What are your Top 3 Setups?
Let me know in the comments below. Either from this list or any others that you have your eye on.
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Have a great week!
Richard
CF, I might buy if it looks to be closing above 106. When it hits 110 I'll double up with a stop a @ 105.