Stock Watchlist May 13th 2021

As expected, Tuesday and Wednesday were rangebound in the index’s, but there were still some really nice movers under the tape! SQ was on our watchlist yesterday and it ran straight out the gate. I missed the entry at 240 and it ran to 249.90 (250 magnet). FDX floundered but none of us took that…

As we go into a shortened holiday week (Market Closed on Good Friday – April 2nd) – we are coming off a bullish end to the week with SPY + DIA closing above where we opened on Monday. QQQ and IWM closed off their lows of the week, but did not close the week above…

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…

One reason this market, especially QQQ (Tech) has been struggling is that the 8EMA is below the 21EMA on the daily chart. This has put downward pressure mixed with choppiness in between. It’s made it tough to trade on the long and short side overnight. In my opinion, the market is currently fit for day…