Daily Watchlist Recap 6/5
Who pissed off the market!? What a sell in the indices, hot damn! It's almost funny that we picked two names for the watchlist that were not able to move to any of their targets in the midst of the sea of red across everywhere else. $DDOG was the only name capable of following the market down lower way past our downside targets. Rest up and we'll catch you all next week!
Technical Analysis: $TSLA
We sent out Tesla few days ago and so far has hit majority of our targets. Tesla has pulled back a bit, once again retesting this bottom trendline and attempting to hold 418s.
As long as it can hold this trendline/$418, it has room to 430.66, 443.65, and 451.17.
Daily Watchlist Recap 6/1
Talk about starting the month out with a bang! $A slow morning in the indices turned explosive to the upside after geopolitical headlines in the mid session. All 3 of our names had extremely strong breakout moves to the upside. We figured their structure looked good but in no way were expecting to exceed our targets by this much! Cheers to anyone who held past PT2's!
Weekly Watchlist Recap 05/25-05/29
Another banger week for the Weekly Watchlist last week, with an overall gain of 40.34%. With that, we have to thanks the likes of $SMCI, which with shares hit a 26.27% gain for the week from the entry, which was just beautiful. The next Weekly Watchlist will be posted here shortly!
π These Weekly Results are Based on Stock Share Movement.
Economic Calendar
It's a jobs-heavy week with manufacturing and services PMIs kicking things off Monday and Wednesday, JOLTS openings Tuesday, and $ADP payrolls Wednesday all building toward Friday's main event β May nonfarm payrolls (forecast +95K, down from +115K) alongside the unemployment rate (4.3%) and wage growth, which together will shape near-term Fed rate-cut expectations.
Technical Analysis: $AMZN
Amazon looks very good too! About .25% away from taking out 2PT at 273.07 today. It opened between level, managed to break above 268.76 once again, and on it's way to take out 273.07!
Economic Calendar
Thursday is the big day this week, with Core PCE, Q1 GDP, Durable Goods Orders, and Initial Jobless Claims all hitting at 8:30 AM β giving us a broad read on inflation, growth, and the labor market in one shot. Tuesday's Consumer Confidence (forecast 91.9) and Friday's Chicago PMI (forecast 51.3) round out the week as softer sentiment checks worth keeping an eye on.
Technical Analysis: $TSLA
Tesla looks like it wants to set a potential higher low on the daily chart after 4 days of pullbacks.
If it can hold above 392.95 and accept over 404.8, we've got targets to 417.89, 428.45, 442.26, and 451.17.
Weekly Watchlist Recap 05/11-05/15
Another solid week for the Weekly Watchlist with an overall gain of 38.52% for the week. The next Weekly Watchlist will be posted here momentarily.
π These Weekly Results are Based on Stock Share Movement.
Economic Calendar
We've got Crude Oil Inventories and FOMC Meeting Minutes on Wednesday, followed by a Thursday data dump featuring Philly Fed Manufacturing, Initial Jobless Claims, and both S&P Global PMI readings for manufacturing and services. It's a short list with a big impact!
Economic Report
Happy Mother's Day! We've got April home sales on Monday followed by CPI on Tuesday and PPI on Wednesday before ending the week with jobless claims and retail sales on Thursday.
Technical Analysis: $MSFT
Nice work Microsoft! Gapped over 416, consolidated near 422, and took out 2nd PT at 426.52. Over this level, it has room to 430.78.
Technical Analysis: $TSLA
Quick update on Tesla! So far it has been consolidating between 393.21- 385.86 and holding really well. As long as it can accept above 393.21, 408 is not off the table with lots of room to 414.42.
Economic Calendar
We get started on Tuesday with New Home Sales, JOLTS Job Openings, and ISM Non-Manufacturing PMI. All of these give markets an early read on housing demand and service sector health. Wednesday brings $ADP Employment Change and Crude Oil Inventories, setting the tone ahead of Friday's marquee jobs report. All eyes land on Friday's NFP, Average Hourly Earnings, and Unemployment Rate which could all create a potential volatility catalyst heading into the weekend.