Weekend Routine – July 5, 2021


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

SPX 05 Jul 2021 20 01

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 Count32
Support10DMA10DMA
Market Indexes via Top 10 Report
NasdaqJuly52021
sc 130
RussellJuly52021

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

1WeekGroupPerformance20210705

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

4WeekGroupPerformance20210705

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Top 40 Industry Groups From MarketSmith
Top40IndustryGroups20210705

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

IBD50
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.

Nasdaq
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.

S&P500
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

Gappers Watchlist

Additions: CRSP EDIT
Deletions: None

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

IPO Watchlist

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
Deletions: None

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

5. Video Walkthrough & Portfolio Update Videos

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