Weekend Routine – February 20, 2021


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

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/

WeeklyReviewFeb212021
Reviewing last week to prep for next week: 5 Day 15 min Chart, Volume Stats & Commentary

Reviewing Current Positions

CurrentPortfolioUpdateFeb212020
Current Positions screenshot from Interactive Brokers Account
SymbolBaselineMagnetEOWPink LineMoneyFlowThought Process
CELH$55$80>$55++Repeat IOF RecentlyOn watch for $55s to hold on market turbulence, potential spot to add to existing position as well.
FCEL$20$25>$20++Repeat IOF RecentlyShort 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++MixedKMAs catching up to price is a ++. The ability to hold $50 EOW is a ++. Managing position only.
NIO$55$60>$55++Large IOF RecentlyOn 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-earningsOn 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 recentlyOn 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 RecentlyOn watch for $60s to hold on market turbulence. Managing position only.
UPWK$50$60>$50++Large IOF RecentlyOn watch for $50s to hold on market turbulence. Managing position only.
Reviewing current positions to know pain points

Weakest to Strongest Positions: FCEL, PLUG, NIO, CELH, MGNI, SNAP, UPWK

2. Market Review

SP500Nasdaq
Market ConditionsConfirmed UptrendConfirmed Uptrend
Distribution Count52
Support21DMA/23EMA21DMA/23EMA
Market Indexes via Top 10 Report
sc 67
sc 68
sc 69

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

1WeekGroupPerformance 2021 02 20

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

4WeekGroupPerformance2021 02 20

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Top 20 Industry Groups From MarketSmith

Top Industry Groups: Alternative Energy, Solar, Software, Jewelry, Mining, Leisure, Machinery, Retail

Top20IndustryGroups20200220

4. S&P500 and Nasdaq Review Notes

Nasdaq
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.

S&P500
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

IPO Watchlist

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

Gappers Watchlist

Additions: VIOT TDC
Deletions: NFLX

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

SymbolBaselineMagnetT10 PivotPink LineMoneyFlowThought Process
AMZN$3200$3300$3350.65MixedOn 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$188.87Repeat IBT recentlyOn watch for RS vs $175 on market turbulence and T10 Pivot
MXL$35$35$38.56Large IOF December 2020On watch for RS vs the $35s on market turbulence and T10 Pivot
NFLX$520$550$566.65Large IOF recentlyOn watch vs T10 Pivot and a close above the $550 mark on its T10 Pivot attempt
TDOC$280$300$294.74Repeat IOF recentlyOn watch vs T10 Pivot and a close above $300 mark on its T10 Pivot attempt
VEEV$300$330$313.99Large IOF recentlyOn watch for RS vs the $300 mark on market turbulence and its T10 Pivot.
W$300$300$303.39Repeat IBT recentlyOn watch vs T10 Pivot and a close above $300 mark on its pivot attempt.
XP$50$50$50.21IOF end of JanuaryOn watch vs T10 Pivot
ZM$400$400$451.77Repeat IBT near $400On 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$41.76NoneOn watch for RS vs $40 on market turbulence and T10 Pivot.
TGT$185$200$195.55Repeat IOF recentlyOn watch for RS vs $185 on market turbulence and T10 Pivot on strength.
WSM$130$150$131.01NoneOn watch vs T10 Pivot and a close above $130 on its T10 Pivot attempt.
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)

CELH of interest as it consolidation above the $55s into next week as volume dries up on the name.

CELHFeb212021STP

SKLZ retracing on below average, $35s will remain of interest for potential positions into next week with risk at $35.00.

SKLZFeb212021STP

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.

LAZRFeb212021STP

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.

FUBOFeb212021STP

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.

FEYEFeb212021STP

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.

CRSRFeb212021STP
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