Weekend Routine – July 5, 2021
1. Reviewing last week to prep for next week: 5 Day 15 min Chart, Volume Stats & Commentary via @TLPrivate_
2. Market Review
Market Indexes via Top 10 Report
3. Sector, Group, Industry Review
1 Week Leading Performance-Momentum Groups: Solar, Technology, SP500 Growth, Home Construction, Health Care
1 Week Lagging Performance-Momentum Groups: Oilers, Energy, Telecom, Banking, SP Biotechnology
4 Week Leading Performance-Momentum Groups: Genomics, Solar, Medical, Social Media, Nasdaq Biotechnology, Software
4 Week Lagging Performance-Momentum Groups: Miners, Materials, Banking, Financials, Energy
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Top 40 Industry Groups From MarketSmith
4. IBD50, S&P500, Nasdaq, Bases Scan Review Notes
The Good: GRWG INMD ROKU APPS TIGR/QFIN SNAP NET CRWD SE HUBS ZS
The Bad: Some consolidation during a holiday week, with context not much bad yet.
The Good: TSLA SBUX AMAZN ISRG ALGN PYPL ADSK MSFT AAPL AMD acting well. Semis remain intact across the board. Some weakness in safety stocks.
The Bad: Not much yet. We are seeing loss of momentum not distribution in the markets. Some more retracement in select groups will bring about more clarity. Some weakness in safety stocks.
The Good: NKE DPZ CMG ETSY. Lots of market pillar type names are acting well while majority of the others consolidate and show little distribution. Medical Equipment theme is strong lead by ISRG ALGN types. ADSK ANET AAPL AMD XLNX NVDA DIS GOOG. Big Cap Tech. Big Cap Semis leading.
The Bad: Safety, Airlines trading below KMAs, they don’t need to lead but only be supported.
Bases/KMAs Bunch Up Scan | Shows me where $$$ is rotating to in the markets
The Good: Breadth remains fine. Money is rotating within the markets and broad-based groups. Financials, Medical Equipments, Biotechnology, China, Restaurants (CMG, SHAK JACK WING SBUX AMRK LOCO) names are seeing right side run ups.
The Bad: Some consolidation rather than weakness. Some more evidence required to build up a cautious stance.
The following tickers are building the right side pivots and caught my eye at first glance.
LTHM* UBER* CHGG ETSY FIVE* EYE* MARA ADSK WDAY ALRM AAPL QCOM SPWR FSLR HZNP SQ
5. Key Watchlist Updates
Additions: CRSP EDIT
WL Tickers: ACRS ALF ARVN AVID BGFV BILL CELH CLF CROX CRSP CRWD DDD DKS DOCU DT EDIT HAYW HYRE LB LFMD MDB NET NVCR PYPL RUN SBLK SIG SNAP SONO SPCE STIM SWBI TIGR UPST UPWK VCEL WSM
Additions: HEPS DNUT DIDI S
Deletions: HNST OTLY CDAK CFLT BZ GTH BFLY
WL Tickers: ABNB AEVA AGL AOUT APP ASO AVAH BMBL COIN COUR DASH DEN DIDI DLO DNUT DOCN DOCS FIGS FOUR GLBE GRVI HEPS HYFM JOAN LFST LSPD MCW MNDY MRVI OCDX OLO OZON PATH PAY PCOR PLTR RBLX S SEMR SKYT SNOW SQSP SWIM TASK TDUP TLS TSP TUYA VEI ZIM ZIP ZY
Hight Tight Flag Candidates (HTF) Watchlist
Additions: CHS CERE NTLA BLIN
WL Tickers: ANVS ASAN BBW BCRX BLIN BNTX BW CERE CHS CNTY CPE CRCT CRTO EDRY FLL FNKO FUTU GTBP HIMX JILL LORL LWLG MOXC NMRD NTLA NTP PLBY PRTA QFIN RUBY SAVA SBOW STKS TEN TMST VRTV VTNR ZDGE