Trading the Charts for Friday, September 22nd
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Here are my deep dive newsletters…
This newsletter is really about what’s below the paywall which is my daily watchlist (25+ stocks), the charts for that watchlist and my current trading portfolio with all the details you need like entry price, stop loss, etc
I spend 2+ hours every morning running stock screeners then going through 100+ charts — this is what adds value for my paying subscribers. Nothing matters more than finding the best setups, executing them during the day and of course maximizing my/our performance.
Bad news… This market is hot garbage, indexes are falling & slicing through support, yields are spiking, FOMC is hawkish, student loans are coming back and September is living up to it’s reputation as a bad month especially the last two weeks
Good news… September won’t last forever, we could see a Q4 rally, yields might be hitting their peaks, plenty of great companies that won’t be impacted by student loans coming back, valuations & multiples are looking much better
if you like buying breakouts from the leaders then you should probably be doing nothing right now because we’re not seeing any breakouts — these are still my favorites
since we’re not seeing breakouts, the next option is buying leaders as they pullback to their 8/9/10d ema — I have some interest here
if you’re more of a position trader that likes growth stocks and believes a Q4 rally is possible then you might want to start looking at buying the potential Q4 TML’s as these stocks pullback to their 50/100d moving averages, you might find some great entry prices however many of these stocks are slicing through their moving averages like hot butter so there’s a high probability of getting stopped, I suspect some big bounces are around the corner but that corner might still be 2 weeks away so patience is your friend. At some point in the next couple weeks I might take a few swings at potential TMLs when they finally bounce and start to show some life but right now risking capital on stocks in free fall mode is too reckless.
Morning stock screen via Deepvue: AFL AGI AVTA BRC BSX CI CNK CRBG CRS CRWD DUOL ESTC GSHD KEX MTN MUFG NCNO STLA UNM WELL WT WVE
Criteria: market cap above $500M, above 20d sma, above 50d sma, above 200d sma, average volume above 200k, sales acceleration last two quarters, earnings accelerations last two quarters
Morning stock screen via Finviz: AGO ALKS ALKT ARES ARRY CRS DHT DUOL ESTC HLX HQY KEX LAUR MDXG NBIX NCNO NTNX PGR PRA SIGI TTI
Criteria: price above $3, market cap above $500M, above 20d sma, above 50d sma, above 200d sma, average volume above 200k, QoQ earnings growth above 10%, QoQ sales growth above 10%, earnings growth next year above 25%
Another morning stock screen via Finviz: ACGL AGI AJG ALKS AMPL APO ARES ARRY ATVI BRBR BVN BX CB CNK COTY CRNX CRWD CWAN DHT DUOL ESTC EURN FLR FRO HLX HMC HQY HSBC IMAX INSM INSW IONS KGC LAUR LBRT LPG MIRM MUFG NBIX NCNO NXGN OWL PGR PRU RELX SBS SGEN SMFG SN STNG UNH VST WRB
Criteria: price above $5, market cap above $1 billion, above 20d sma, above 50d sma, above 200d sma, average volume above 500k, QoQ sales growth above 15%
Below the paywall is my current trading portfolio including all positions (open & closed), watchlists, charts, entry prices, stop losses, YTD performance and my daily webcasts.