Del's Nightly-ish Watchlist š 4-7-21
S&P broke out of an extremely tight shelf in after market trading today. Still very bullish. Almostā¦ āzombieā like.
 |
If youāre new, subscribe for free! š And read and listen to the intro post here.
Markets
S&P broke out of an extremely tight shelf in after market trading today. Still very bullish. Almostā¦ āzombieā like.
And the Nasdaq in the exact same boat.
These low relative range pullbacks are shakeouts when markets are this strong. Iām keeping an eye on the relative strength of the fundamentally strong names, and catching a few falling knives.
Watchlist
Todayās Watchlist Performance
Surprisingly, SOS was the only stock on my list with a large relative range. Considering the SPY shelf, it makes sense that some profit taking took place but I think the markets are relatively unshaken as we create a new base on the S&P and Nasdaq.
Top Setups
TRIP ā Iāve been watching this head and shoulders pattern develop on Trip Advisor for a while. I took a short this morning into weakness and Iām looking for a large long term break down.
KOPN ā Could be a great long opportunity if this broken trendline near 10.70 can be reclaimed and held in the morning.
APPS ā In a very similar situation.
ZEN ā has a nice opportunity to base off the top of this channel before moving higher.
Have a plan of action and good luck out there.
Feel free to leave a comment below.
ā Del (twitter)
Create your profile
Only paying subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to log in.