Trading the Charts for Friday, January 5th
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Earnings reports for the week…
Macro reports for the week… JOBS REPORT AT 8:30AM
FOMC updates… 61% probability of rate cut at the March FOMC meeting…
Sector heatmap for the past 5 days… that first box is wrong but it’s interesting to see shipping, coal and large cap pharma doing the best to start off the new year because all three were underperformers last year…
Equity futures… premarket in the red with JOBS report at 8:30am EST…
Indexes from yesterday… markets down the first 3 days of 2024…
Sectors from yesterday… healthcare continues to look the best…
Rates… 10Y back above 4% which stocks won’t like
New highs vs new lows…
Market performance…
$TNX (10Y Treasury)
$VIX
$CL1! (Oil)
$SPX (S&P 500)
SPY (S&P 500, market cap weighted)
RSP (S&P 500, equal cap weighted)
QQQ (Nasdaq 100, market cap weighted)
QQQE (Nasdaq 100, equal cap weighted)
IWF (Russell 1000 Growth)
IWM (Russell 2000, small/mid caps)
IWO (Russell 2000 Growth, small/mid caps)
ARKK (Ark Innovation ETF)
FFTY (IBD Innovator ETF)
Finviz screen #1: ACAD ACIW AFRM ALHC ALKS ALLY APLS APO AROC ASAI ASND ASPN AVDX AXNX AXSM AZEK AZTA BANC BIRK BMRN BORR BRBR BROS CCL CE CELH CIEN CLBT CLSK COTY CP CPRX CRS CRWD CTKB CUK CX CYBR DASH DDOG DHT DUOL DXCM EBR EDU ELF EPR EQH ERJ ESMT ESTC EVH FLS FOLD FOUR FROG FRPT FRSH FTAI GGAL GLBE GNTX GS GTLB HBM HDB HIMS HOOD HQY HUBS HWM IMGN IOT ITCI KKR LGF-A LGF-B LLY LSPD LYV MC META MGA MIR MMYT MNDY MRTX MS MU NBIX NCLH NCNO NE NEOG NET NOV NOW NTNX NTRA NTST NU NVDA NVO NXT OKTA OSCR OWL PANW PCOR PDD PGR POST PWR RCL RIVN RKT RNW ROIV ROL ROVR RRX RXST RYAAY RYTM S SBS SFL SHAK SHOP SMAR SOFI SPOT SPT SQ SQSP STNE TAL TDW TEAM TGI TGTX TMDX TREX TRIP TRUP TWO TXG U UBS VCYT VIV VOYA VRT VVV WT XP ZS
Criteria: stock price above $5, market cap above $1 billion, above 50d sma, above 200d sma, average daily volume above 500k, sales growth above 15%, earnings growth above 15%
Finviz screen #2: ACAD ADC ALKS ALLY ALNY AMP AMPS ANF APLS APO ARCC ARDX ASAI ASB ASND ASPN AX AXP AXS AXSM AZTA BAC BBVA BK BMO BMRN BORR BROS BXSL C CAVA CEIX CELH CFG CIEN CINF CLDX CM CMA COF CP CPRX CYBR DB DBRG DCPH DFS DHT DOCN DXCM EDU EPRT ESMT EVH EWBC EXR FHB FHN FITB FNB FOLD FRO FRPT FTAI GBDC GS HBAN HBM HDB HQY HTGC IBKR INSM ITCI ITUB JPM KEY LHX LLY LPG LPLA LSPD LW MARA MDLZ META METC MFC MGM MMYT MRTX MS MU MUFG NBIX NCNO NE NEOG NOV NTRA NTST NVO NWBI O OCSL OSCR OSW OWL OZK PARR PDD PGR PNC POST RBA RF RLAY RNW ROIV ROK ROL ROVR RY RYTM SAFE SBS SCCO SDRL SFL SPNT SQSP STT SYF TAL TCOM TD TDW TEX TFC TGI TGTX TRIP TRNO TWST UBSI URI USB VICI WAB WBS WFC WPC WT XYL ZION
Criteria: stock price above $5, market cap above $1 billion, above 20d sma, above 50d sma, above 200d sma, average daily volume above 500k, sales growth above 15%
Below the paywall is my:
morning commentary
daily watchlists with charts
link to current trading portfolio with all positions, entry prices and stop losses
links to my daily webcasts and all previous webcasts
YTD trading stats and performance