Weekend Routine – August 8, 2021


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

SPX 08 Aug 2021 08 59

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/

2. Market Review

SP500Nasdaq
Market ConditionsUptrendUptrend
Distribution Count64
Support10DMA10DMA
Market Indexes via Top 10 Report
sc 24
sc 25
sc 26

3. Sector, Group, Industry Review

1 Week Leading Performance-Momentum Groups: Nasdaq Biotechnology, Genomics, US Cannabis, SP Biotechnology, Banking
1 Week Lagging Performance-Momentum Groups: Miners, Solar, China Internet, Oilers, Social Media

1WeekGroupPerformance882021

4 Week Leading Performance-Momentum Groups: Semiconductors, Utilities, Nasdaq Biotechnology, Home Construction, Financials
4 Week Lagging Performance-Momentum Groups: Oilers, China Internet, US Cannabis, Solar, Telecom

4WeekGroupPerformance882021

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Top 40 Industry Groups From MarketSmith
Screen Shot 2021 08 08 at 9.01.06 AM

3. IBD50, S&P500, Nasdaq, Bases Scan Review Notes

IBD50
The Good: TPX AN (Meet Gappers Criteria) SQ SHOP LSPD DOCU TEAM CRWD NET ZS SNAP

Nasdaq
The Good: TSLA MELI (meets Gappers Criteria) DXCM TEAM SPLK ADSK KLAC AMAT LRCX MU AVGO QCOM TXN NXPI. Semi Equips and select Semis showing a theme.
The Bad: China names remain weak across the board.

S&P500
The Good: UA DPZ CMG MNST DXCM HOLX DVA CTLT. Banks reclaiming KMAs. AON (meets Gappers Criteria). ADSK PAYC. MCHP QRVO AMAT MU LRCX AVGO QCOM TXN Semi Equip Space is really tight last week. IPG DIS
The Bad: Oilers below KMAs. Airlines running into top-side resistance into KMAs.

Bases/KMAs Bunch Up Scan | Shows me where $$$ is rotating to in the markets

Tickers shaping up: EXPI (meets Gappers Criteria) HIMX AVGO AMAT KLAC LRCX TER VSAT NEWR PD CDXS BEAM FATE DVA MNST UA FCN* NUE STLD RYI X (Steels) LTHM

4. Key Watchlist Updates

Gappers Watchlist

Additions: EXPI MGP RMBS HLIT AN MELI AON BITF HUT SQ BYSI CERS HCA
Deletions: ACRS AVID NURO RUN

WL Tickers: AEHR ALF AN AON ARVN BGFV BILL BITF BYSI CELH CERS CLF CMG CROX CRWD DKS DOCU DT EXPI HCA HLIT HUT HYRE IPG LB LC MDB MELI MGP NET PYPL RMBS SE SGH SIG SNAP SONO SQ TWLO UPST UPWK WSM ZS

IPO Watchlist

Additions: DLO DOLE COOK CFLT AFRM
Deletions: SQSP TLIS TSP

WL Tickers: AFRM ASO CFLT COIN COOK COUR CPNG DASH DBX DLO DNUT DOCN DOCS DOLE FIGS GLBE HEPS JOAN LSPD MCW MRVI OCDX OLO OZON PCOR RBLX S SEMR SNOW TDUP VZIO XM YOU ZI ZIM ZIP

Hight Tight Flag Candidates (HTF) Watchlist

Additions: FLGC PFMT
Deletions: Many

WL Tickers: ASAN BBW BCRX BNTX BTU CHS CRCT CRTO FLGC HIMX ISEE JILL LWLG NTLA NTP PFMT PFSW PRTA RUBY SAVA STKS TMST VRTV ZDGE

5. Video Walkthrough & Portfolio Update Videos

None this week. A bit late for a video recording.