Watchlist 02/18
Market breakout?
QQQ 0.00%↑ SPY 0.00%↑ pretty much closing just a few cents below all time high levels from back in December a few months ago. Market has shaken off plenty of bad news including hot CPI print last week. In addition there was no selling on Friday afternoon nor a gapdown in the futures on Sunday open, signalling a potential change of character from the prior 2 weeks.
SMCI 0.00%↑ reported earnings last week and broke out on Friday. High short interest so can continue to squeeze for a couple days. Looking to join momentum until some type of exhaustion move then look for the short
NVDA 0.00%↑ rallying since the capex fears subsided and optimism into earnings in 9 days. Rally is coming into gapfill levels and prior resistance.
AVGO 0.00%↑ tight consolidation for 2 weeks, a breakout of $238 level to reach next logical target of $250
ACHR 0.00%↑ looks to be breaking out of recent consolidation
ASTS 0.00%↑ after a super move in 2024 has gone sideways for half a year and broke out of recent downtrend. On watch to join trend with some pullback hopefully
GRAB 0.00%↑ broke out into a stage 2 uptrend last year over the clear $4 level and has been consolidating. Retail interest seems to have picked up lately as well as recent news of UBER 0.00%↑ updated stake. Both UBER 0.00%↑ and DASH 0.00%↑ reported strong earnings so maybe some optimism into the earnings report this week.
Genomics
ARKG 0.00%↑ broke out of a 1 year base so worth having some genomics stocks on watch
RXRX 0.00%↑ big weekly breakout from a base on Friday. Softbank reported a stake in the company. Nvidia also reported no change in stake (compared to selling SOUN 0.00%↑ AND SERV 0.00%↑)
Extended
HIMS 0.00%↑ move is becoming extended and some exhaustion on Friday
GRAL 0.00%↑ on watch for exhaustion move
TEM 0.00%↑ same as above
Recent earnings
APP 0.00%↑ common pattern recently has been profit taking on first day of large gap up post earnings and buyers coming in second day.
HOOD 0.00%↑ crushed earnings and stayed strong after the gap
DKNG 0.00%↑ new 52 week high breakout
Quantum
RGTI 0.00%↑ broke the $12 support last week and hanging around below. Potential for $11 break this week as well as closing under 50MA
IONQ 0.00%↑ $36 break to continue downtrend and already trading below the 50MA
China
BABA 0.00%↑ reports earnings this week and has been on a massive rally for the last few weeks
How was your day today? Any luck with any of the set ups?
Based on what you wrote if I understand well is we are exiting consolidation from past 2 weeks and potentially moving higher on the overall market therefore you are looking for long set up opportunities?