Stock Watchlist April 26th 2021

Here we are! Last trading day of November, and today after the close we complete new monthly candlesticks. I’m going to share some notes from the December Almanac. #3 S&P 500 (+1.5%) and Dow Jones (+1.5%) month since 1950, #3 Nasdaw 1.6% since 1971. 2018 was the worst December since 1931, down over 8% Dow…

Good morning all! For QQQ we’ve been in a downtrend which started Feb 16th, and it affected tech and momentum stocks the most. During this time, oil, banks, retail and airlines outperformed. In a healthy market, money should be flowing from one sector to another. When we see ALL assets begin falling, that’s a warning….

Very bullish start to April as we have been discussing for Q2 rotation + pre-earnings run up. Expect any dips in strong index’s/stocks to be buying opportunities. A more consistent swing trade environment (to the upside) is now back in action. Many of the index’s are heading into the upper trendlines which is bullish –…

Thursday we gapped down on index’s and most stocks, which was a good opportunity to take profits on an overnight TSLA put swing. When the market gaps down into support + a steep short term downtrend has formed, it’s more of a buying opportunity than a short opportunity. Interestingly, IWM and SPY gapped down into…