Weekend Routine – February 20, 2021
1. Reviewing last week to prep for next week: 5 Day 15 min Chart, Volume Stats & Commentary via @TLPrivate_
Reviewing Current Positions
|Symbol||Baseline||Magnet||EOW||Pink Line||MoneyFlow||Thought Process|
|CELH||$55||$80||>$55++||▼||Repeat IOF Recently||On watch for $55s to hold on market turbulence, potential spot to add to existing position as well.|
|FCEL||$20||$25||>$20++||▼||Repeat IOF Recently||Short leash, on the watch for closes above $20 mark. Inability to close above $20 mark into EOW, the position will be cut.|
|MGNI||$50||$60||>$50++||▼||Mixed||KMAs catching up to price is a ++. The ability to hold $50 EOW is a ++. Managing position only.|
|NIO||$55||$60||>$55++||▼||Large IOF Recently||On watch for $55s to hold into EOW as it retraces on below-average volume. Managing position only.|
|PINS||$80||$80||>$80++||▼||Large Repeat IOF post-earnings||On watch for $80s to hold. Social Media showing RS the past week with SNAP TWTR also acting well on the charts. Managing position only.|
|PLUG||$50||$65||>$50++||▼||Large IOF recently||On watch for $50s to hold on market turbulence. Inability to hold $50 into EOW the position will be cut.|
|SNAP||$60||$60||>$60++||▲||Large IOF Recently||On watch for $60s to hold on market turbulence. Managing position only.|
|UPWK||$50||$60||>$50++||▼||Large IOF Recently||On watch for $50s to hold on market turbulence. Managing position only.|
Weakest to Strongest Positions: FCEL, PLUG, NIO, CELH, MGNI, SNAP, UPWK
2. Market Review
|Market Conditions||Confirmed Uptrend||Confirmed Uptrend|
Market Indexes via Top 10 Report
3. Sector, Group, Industry Review
1 Week Leading Performance-Momentum Groups: Airlines, Banking, Financials, Transports, Aerospace, Casinos
1 Week Lagging Performance-Momentum Groups: Solar, Medical, Miners, Telecom, Biotechnology, Healthcare
4 Week Leading Performance-Momentum Groups: Airlines, Banking, Financials, Aerospace, Energy, Social Media, Software
4 Week Lagging Performance-Momentum Groups: Solar, Retail, Miners, Telecom, Biotechnology, Healthcare
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Top 20 Industry Groups From MarketSmith
Top Industry Groups: Alternative Energy, Solar, Software, Jewelry, Mining, Leisure, Machinery, Retail
4. S&P500 and Nasdaq Review Notes
1. AAPL FB below 50DMA. TSLA AMZN GOOGL NVDA trade above KMAs.
2. Semiconductor names in NVDA AMAT LRCX MU MXIM act very well.
3. Software Group is also acting well with OKTA TEAM near highs.
4. ZM consolidating and retracing on low relative volume above $400 mark. PTON below KMAs.
5. DXCM continues to show strength post-earnings, with some RS last week.
6. Biotechnology continues to weaken.
1. Banks Trending in JPM BAC C WFC
2. Airlines Trending AAL DAL
3. Cruise Lines Trending CCL NCLH
4. BA continues to trade above the $200 mark is a positive for that space.
5. Overall Financials, Airlines, Cruiselines, Aerospace seeing rotation into them. Also seen in the 1-Week Performance-Momentum Charts above.
6. S&P500 Continues to trade above the key trend level of $3865 per TL Daily Plan.
5. Key Watchlist Updates
Hight Tight Flag Candidates (HTF) Watchlist
Additions: EOLS CRMD CAN
Deletions: KOD SRRK
WL Tickers: BEAM BEEM BLNK BNED BTBT CAN CLNE CLSK CMRX COHU CRMD CVLB DDD DMTK DNMR EGHT EOLS FCEL FLGT FTCH FUV GILT GOGO GP GRWG JMIA LAZR LQDT MGNI MP MWK OCUL OIIM OMI ORBC ORGO PACB PLUG QFIN SI SOL SPWR TIGR VERI VFF VUZI
Additions: DSP CLVR BEKE PLTK SHLS
Deletions: WOOF PSTH XPEV VNT AGFY CDAK
WL Tickers: ABNB AFRM AI ALGM ASAN ASO BEKE CCIV CLVR CRSR DASH DMYD DSP FOUR FROG KC LDI LMND LSPD LU NNOX OCDX ONEM OPEN OZON PLTK PLTR POSH PSNL SDGR SEER SHLS SKLZ SNOW SUMO TLS UPST VRM YALA YSG ZI
Additions: VIOT TDC
WL Tickers: ACRS API APPS ARVN ATOM BILI CALX CELH CHGG DDOG DT FATE FEYE GOOS IMMR INSP LB NET NK NUAN NVAX NVTA PINS PYPL RCKT SFIX SGMS SNAP SONO TDC TGTX TUP TWLO UPWK VIOT VOXX WK Z ZS
6. Top 10 Report Plan
|Symbol||Baseline||Magnet||T10 Pivot||Pink Line||MoneyFlow||Thought Process|
|AMZN||$3200||$3300||$3350.65||⬌||Mixed||On watch for RS vs the $3200 mark on market turbulence or on strength vs T10 Pivot. T10 Pivot attempt must close above $3300.|
|BAND||$175||$175||$188.87||▲||Repeat IBT recently||On watch for RS vs $175 on market turbulence and T10 Pivot|
|MXL||$35||$35||$38.56||▲||Large IOF December 2020||On watch for RS vs the $35s on market turbulence and T10 Pivot|
|NFLX||$520||$550||$566.65||▼||Large IOF recently||On watch vs T10 Pivot and a close above the $550 mark on its T10 Pivot attempt|
|TDOC||$280||$300||$294.74||▲||Repeat IOF recently||On watch vs T10 Pivot and a close above $300 mark on its T10 Pivot attempt|
|VEEV||$300||$330||$313.99||▲||Large IOF recently||On watch for RS vs the $300 mark on market turbulence and its T10 Pivot.|
|W||$300||$300||$303.39||▲||Repeat IBT recently||On watch vs T10 Pivot and a close above $300 mark on its pivot attempt.|
|XP||$50||$50||$50.21||▼||IOF end of January||On watch vs T10 Pivot|
|ZM||$400||$400||$451.77||▼||Repeat IBT near $400||On watch for RS vs $400 on market turbulence and T10 Pivot on strength. A close above $450 on its T10 Pivot attempt.|
|SHLS||$35||$55||$41.76||▼||None||On watch for RS vs $40 on market turbulence and T10 Pivot.|
|TGT||$185||$200||$195.55||▼||Repeat IOF recently||On watch for RS vs $185 on market turbulence and T10 Pivot on strength.|
|WSM||$130||$150||$131.01||▲||None||On watch vs T10 Pivot and a close above $130 on its T10 Pivot attempt.|
TL Acronyms | TraderLion
7. Swing Trade Plans (STPs)
CELH of interest as it consolidation above the $55s into next week as volume dries up on the name.
SKLZ retracing on below average, $35s will remain of interest for potential positions into next week with risk at $35.00.
LAZR continues to consolidate above the $30s and below the $35s. A potential performance booster as it continues to consolidate on its daily chart. $30s of interest on weakness, $35 of interest on strength. $35 attempt, the stock must close above the $35 mark.
FUBO on interest as volume dries up on the stock as it attempts to regain its character. Tight ranges recently are indicative of institutional interest in the name. On watch on weakness into the $40s and on strength into $45s.
FEYE in the Software space remains of interest. It’s consolidating tightly the past few weeks above the $20 mark. The volume to the left of the chart is hard to ignore. Of interest on weakness into the $20s and on strength above $21/22 mark. An attempt of $21 must close above the $21 mark. $20 remains baseline risk.
CRSR continues to consolidate above the $35s and below the $40s. It remains of interest given the CANSLIM fundamentals as it works its way within a larger base structure. $35s of interest on weakness in the stock and $40 of interest on strength. Attempt of $40 must close above the $40 mark.