Weekend Routine – June 19, 2021


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

SPX 20 Jun 2021 17 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 Count54
Support65EMA10DMA
Market Indexes via Top 10 Report
sc 92
sc 93
sc 94

3. Sector, Group, Industry Review

1 Week Leading Performance-Momentum Groups: Solar, Medical, Software, SP500 Growth, Technology, Social Media, Consumer Discretionary
1 Week Lagging Performance-Momentum Groups: Miners, Banking, Cannabis, Oilers, Financials, Materials, Energy

1WeekGroupPerformance20210619

4 Week Leading Performance-Momentum Groups: Sofware, Biotechnology, Social Media, Real Estate, Technology, Robotics
4 Week Lagging Performance-Momentum Groups: Banking, Airlines, Materials, Cannabis, Financials

4WeekGroupPerformance20210619

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Top 40 Industry Groups From MarketSmith

Top Industry Groups: Retail, Oil&Gas, Steel, Media, Commercial Services

Top40IndustryGroups20210619

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

IBD50
The Good: PGNY GNRC QFIN INMD ENPH CRCT HUBS SNAP CRWD SE PINS SKYT ZS AVTR SQ shaping up well. At or near highs. Most stocks need a new consolidation area for new entries at optimal risk-reward.
The Bad: Banking stocks, select Semi Equip stocks breaking down below Key Moving Averages.

Nasdaq
The Good: TSLA LULU AMZN ISRG ALGN PYPL ADBE DOCU MSFT AAPL AMD AVGO XLNX acting well on the charts. AMD/LULU/XLNX right side formations. AAPL shows KMA’s bunching up underneath price. DOCU new highs. ISRG right below all-time highs.
The Bad: Weakness in Semi Equip space. LRCX MU AMAT among others breaking lower. Weakness observed in PEP KHC type names as well.

S&P500
The Good: CPRT CCL NCLH POOL AMZN TGT DXCM BSX ALGN BIIB MA ADSK AVGO XLNX TWTR FB GOOG.
The Bad: Everything else. Oilers, Banks, Airlines, DE/CAT/HD/LOW, Utilities, Safety, Value all below KMAs and near corrective phases.

Bases Scan

The following tickers are building the right side pivots and caught my eye at first glance.

BEEM LYFT POWW LULU FVRR FTCH AMZN SIG CVNA ISRG BSX ALGN HZNP CRSP QTRX AVTR FOUR PYPL STNE BILL PANW AAPL ENPH AXTI AVGO AMD ROKU BILI MTCH

5. Key Watchlist Updates

Gappers Watchlist

Additions: RUN
Deletions: EFX SBH KNL

WL Tickers: ACRS ARVN AVID BGFV BILL CELH CLF CROX CRWD DDD DKS DOCU DT HAYW HYRE LB LFMD MDB NET NVCR PYPL RUN SBLK SIG SNAP SONO SPCE STIM SWBI TIGR UPST UPWK VCEL WSM

IPO Watchlist

Additions: AEVA ALF BFLY MNDY DLO SQSP ZY KNBE OLO
Deletions: GLF DRVN EDR PLTK LEVI

WL Tickers: AEVA AGL ALF AOUT APP ASAN ASO AVAH BFLY BZ CDAK COIN COUR CRCT DASH DEN DLO FIGS FOUR GLBE GTH HNST HYFM JOAN KNBE LFST MNDY MQ MRVI OCDX OLO OTLY PATH PAY PCOR PLTR RBLX SEMR SKYT SNOW SQSP SWIM TASK TDUP TLS TSP TUYA VEI ZIM ZIP ZY

Hight Tight Flag Candidates (HTF) Watchlist

Additions: TRCH ANVS VSTM
Deletions: OCGN VUZI

WL Tickers: BBW BCRX BNTX BW CELC CNTY CPE CRTO FLL FNKO FUTU GTBP HIMX JILL LORL NMRD NTP PLBY PRTA QFIN RUBY SAVA SBOW STKS TEN TMST VRTV ZDGE

5. Video Walkthrough