The Weekend Routine: April 3, 2021

Weekend Routine – April 3, 2021


1. Reviewing last week to prep for next week: 5 Day 15 min Chart, Volume Stats & Commentary via @TLPrivate_

IMG 1835

SUFO – Stocks Up From Open
SDFO – Stocks Down From Open
U/D – Up/Down
RV – Relative Volume
HRV – High Relative Volume
LRV – Low Relative Volume
EOD – End of Day
PLG – Potential Leadership Groups
DMA – Daily Moving Average
KMA – Key Moving Average

Leadership Day – Indexes finish up on the session with leadership groups leading from the open.
Rotation Day – Indexes finish up on the session with laggards leading from the open.
Distribution Day – Indexes finish down on the session on increasing volume vs prior day. Track index volume: https://www.traderlion.com/stock-market-exchange-volume/

Reviewing Current Positions

SymbolBaselineMagnetEOWPink LineMoneyFlowThought Process
PINS$70$80>$70++Recent Large IOFWill remain on watch to hold the $70s on market turbulence. Watching for respect to build for $75s.
Reviewing current positions to know pain points – Cash Position

Weakest to Strongest Positions: None

2. Market Review

SP500Nasdaq
Market ConditionsConfirmed UptrendConfirmed Uptrend
Distribution Count43
Reclaim10DMA10DMA
Market Indexes via Top 10 Report
sc
sc 1
sc 2

3. Sector, Group, Industry Review

1 Week Leading Performance-Momentum Groups: Miners, Software, Semiconductors, Robotics, Social Media
1 Week Lagging Performance-Momentum Groups: US Cannabis, China Internet, Vanguard Healthcare, Health Care, Medical

1WeekGroupPerformance 1

4 Week Leading Performance-Momentum Groups: Miners, Home Construction, Utilities, Real Estate, Utilities
4 Week Lagging Performance-Momentum Groups: US Cannabis, China Internet, Oilers, SP Biotechnology, IBD50

4WeekGroupPerformance 1

Members: Log In to see Full Weekend Routine.

Top 20 Industry Groups From MarketSmith

Top Industry Groups: Oil&Gas, Retail, Transportation, Banks, Metals, Semiconductor Equipment

Screen Shot 2021 04 03 at 11.46.51 AM

4. S&P500 and Nasdaq Review Notes

IBD50
1. INMD ATKR FND PII JCOM YETI worth a second look from the IBD50 list. ENTG breakout last week in the Semiconductor Equipment space.

Nasdaq
1. AAPL MSFT AMZN TSLA FB GOOG NVDA PYPL rallying up the right side, will be watched for consolidation near current price levels next week. Initial action off the bottom is sharp and expected to be V shape. Consolidation usually follows.
2. Semi’s in TXN AMAT LRCX KLAC MHCP ASML MXIM (MTSI AMBA SGH UCTT BRKS non-Nasdaq) continue to hold up well. Semiconductor Equipment is now a Potential Leadership Group (PLG).
3. TMUS SBUX ADSK ROST are others that act well among the Nasdaq 100 holdings.

S&P500
1. Semiconductor Equipment theme shows here as well.
2. Banks are consolidating near highs: C JPM WFC
3. Oilers near highs with a theme as well: MPC VLO PSX KMI EOG
2. Tickers worth a second look: ACN MDT ZBH SBUX TGT TMUS ADSK EL GRMN GM F GE BSX ROST ZBRA HIG.
3. S&P500 trades above the key trend level of $3940 per TL Daily Plan.
4. Health Care and Semiconductor Equipment are two themes that are emerging as Potential Leadership Groups.

5. Key Watchlist Updates

Hight Tight Flag Candidates (HTF) Watchlist

Additions: MESA VRTV PRTA ZDGE TMDX APHA AVXL QFIN
Deletions: None

WL Tickers: AMRS APHA AVXL BEAM BW CAN CLNE CMRX COHU DMTK DNMR EGHT EOLS FLGT FUTU GMBL HIMX KOPN LORL MESA MGNI MOGO MORF MWK OMI ORBC ORGO PRTA QFIN REVG RIOT SAVA SI SM TKAT TMDX TMST UNFI USIO VFF VRTV VUZI XONE ZDGE

IPO Watchlist

Additions: ALHC CRCT SLQT MCFE
Deletions: AFRM SKLZ ZPI ZI GATO FUBO ROOT TIL

WL Tickers: ABNB ALHC AOUT ASO AZEK BMBL BSY CNXC CRCT CRSR DEN DOCN FOUR GFL GHVI LDI MRVI OZON PLTR PUBM RBLX SLQT STPK TLS TUYA YALA ZI ZIM

Gappers Watchlist

Additions: CONN CLF
Deletions: FNKO RCKT

WL Tickers: ACRS AMKR APPS AVYA BILI BILL CLF CONN DT FEYE GOOG GOOS LB NET NVAX PINS PYPL QUOT RCKT SNAP SONO TDC TGTX TWLO UPST UPWK VCEL VOXX WSM Z ZS

6. Top 10 Report Plan

SymbolBaselineMagnetT10 PivotPink LineMoneyFlowThought Process
AMKR$23$25$24.97MixedOn watch vs T10 Pivot and a close above $25 on its T10 Pivot attempt.
FB$300$300$304.67Large IOF 2 Weeks agoOn watch vs T10 Pivot and close above $300 on its T10 Pivot attempt
GOOGL$2050$2150$2145.14Repeat IOF RecentlyOn watch vs T10 Pivot and close above $2150 on its T10 Pivot attempt.
KLIC$50$55$51.99Repeat IOF/IBT RecentlyOn watch for RS vs $50 on market turbulence and T10 Pivot on strength.
QCOM$135$14050DMARepeat IOF RecentlyOn watch for RS vs $135 on market turbulence and T10 Pivot on strength.
SQ$240$24050DMANoneOn watch vs T10 Pivot on strength.
TSLA$600$700$717.85NoneOn watch for RS vs $600s on market turbulence and T10 Pivot on strength.
W$320$380$349.08Repeat IBT RecentlyOn watch for RS vs $320s on market turbulence and T10 Pivot on Strength.
CROX$80$80$86.40Large IOF RecentlyOn watch vs $80s and T10 Pivot on strength.
GM$55$60$58.63Large Repeat IOF RecentlyOn watch for RS vs $55s on market turbulence and T10 Pivot on Strength.
Stocks in bold in the Symbols column are of interest and will be on my focus list.
TL Acronyms | TraderLion

7. Swing Trade Plans (STPs)

Swing Trade Plans are in addition to the Top 10 Report above. They are part of a “Focus List” in addition to the Top 10 Report Plan.

LYFT on watch vs $65 on strength and $60s on weakness.

April4 LYFT STP

UBER on watch vs $60 on strength and $55s on weakness.

April4 UBER STP

KOPN of interest to position vs $10s. Two edges at play. Large IOF recently and trades in a Potential Leadership Group.

April4 KOPN STP

FEYE will remain on watch vs $20s on strength. Reason it remains on STPs is because of repeat IOF activity. Directional movement is due.

April4 FEYE STP

TLS on watch for respect to build for $35s post-offering.

April4 TLS STP

Share on: