Trading the Charts for Monday, October 23rd
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Here are my deep dive newsletters…
Very busy week of earnings….
Equity futures not looking good…
Indexes from Friday after an ugly week…
Sectors from Friday, all in the red…
10Y flirting with 5% this morning is still bad for stocks…
New highs vs new lows…
Market performance…
$TNX
$VIX
$CL1!
$SPX closed below the 200d sma on Friday, next area of support would be 4195
SPY
RSP
QQQ
QQQE also closed below the 200d sma
IWM
IWO
ARKK
Deepvue screen #1: ACHC ADBE AGI ALL AXON BAH BRBR CHS CI COR CRBG CRWD ESMT FTI GEL HAL HUM INSM MRTX MSFT NFLX NU NVO PGR PGTI PPC PSN PUMP RELY SYM TAL TDW USAC VIV VRRM VRTX WELL 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 ADBE AGI ALL ALV AM ANF AROC AVPT AXON BAH BIRK BRBR BWXT CAH CEIX CHRD CLS COR CRWD DHT ESMT EURN FRO FTI GD GEL GLNG HAL HCCI HUM ICPT INSW IONS KGC KTOS LAUR LLY LNW LPG LULU MCK MRTX MSI NU NVO OLLI PDD PGR PR PRDO PSN PUMP RELY RES ROVR RPD SWBI SYM TDW TK TS TTI UEC UNH VRTX WELL WFRD WING WRBY ZS
Criteria: price above $5, market cap above $500M, above 20d sma, above 50d sma, above 200d sma, average volume above 400k, QoQ sales growth above 10%
Below the paywall is my current trading portfolio including my commentary, all positions (open & closed), watchlists, charts, entry prices, stop losses, YTD performance and my daily webcast.
I’m planning to be on Zoom today at 3pm EST… https://us06web.zoom.us/j/86760682204