Trading the Charts for Thursday, October 19th
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Here are my deep dive newsletters…
Equity futures — NFLX up 12% premarket, TSLA down -6% premarket…
Indexes from yesterday — ARKK got smoked yesterday…
Sectors from yesterday — energy still looks good…
Rates…
New highs vs new lows — we’ve had 32 straight trading days of net negative high/low days, over the past 6 years the record is 33 straight days which was during the May/April 2022 lows so we’re looking at another signal this market is getting into “oversold” territory
Market performance — energy still looks the strongest…
Rates — mortgage rates now above 8%
$TNX — this is one of the most bullish charts out there
$VIX
$CL1!
$SPX
SPY
RSP
QQQ
QQQE
IWM
IWO
ARKK
Deepvue screen #1: ACHC ADBE AFL AGI ALHC ALL ANET APLE AROC AVTA AXON BAH BBDC BBVA BRBR BRZE CCCS CD CHS CI CNO COR CRBG CRWD CTAS DBX DNOW DT DUOL EDU ELS EQH ESMT ESTC FTI GBDC GEL GLNG GTLB HAL HDSN HLF HUM INSM KBR MNSO MRTX MSFT MSM MU NET NU NVO OHI OII OKTA PANW PECO PGR PGTI PLTR PPC PSN PTC PUMP RBA RDNT RELY RSG S SMAR SNPS SP SQSP SYM TAL TDW UNM USAC VERX VIV VRRM VRTX WELL WHD YELP ZS
Criteria: market cap above $500M, above 20d sma, above 50d sma, above 200d sma, average volume above 300k, sales acceleration last 2 quarters
Finviz screen #1: ACGL ACHC ACMR ADBE AGI AJG ALHC ALL AM ANET ANF ARES AROC ATVI AVPT AXON BAH BBVA BIRK BKR BRBR BRZE BSY BVN BWXT CAH CB CD CDAY CDNS CEIX CHRD CLS CNO COR CPRT CRWD DHT DNOW DT DUOL EDU ESMT ESTC EURN FRO FTI FUTU GBDC GD GEL GLNG GTLB GWRE HAL HCCI HIG HLT HLX HP HQY HUM INSM INSW INTU IONS KGC KTOS L LAUR LBRT LLY LNW LPG LULU MANH MCK META MMYT MNSO MRTX MSI NET NOV NTNX NU NVO NXGN OII OKTA PANW PDD PGR PLTR PR PRDO PRU PSN PTC PUMP PYCR RBA RDNT RELY RES ROVR RPD S SGEN SKWD SLB SMAR SMCI SNPS SPLK SQSP SYM TAL TDW TS TTWO UEC UNH VRT VRTX WELL WFRD WHD WING WRB WRBY YELP ZS
Criteria: price above $5, market cap above $1B, above 20d sma, above 50d sma, above 200d sma, average volume above 400k, QoQ sales growth above 10%
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