Welcome back! If you have never been to this post before, this post is designed to bring you a summary of the past week as well as prepare you for the upcoming week of trading. Below you will find a video and many charts. The video covers all the individual charts listed below (and some extras) as well my thoughts regarding them. The video will also cover some set ups for the upcoming week that I am watching for potential trades.
This past week has been tricky. Momentum stocks lagged and individual stocks seem to be more difficult to play (similar how it was in January), yet the indices continue to grind higher. A few major leaders have broken down and will need a couple weeks to repair some damage which leaves us ‘leaders less’. As a result of the lack of leadership, we need to look to see IF sector rotation continues and which sectors or stocks could be rotational beneficiaries. The video is below, in which I cover all this and more. Enjoy!
As always, let me know if you have any questions or comments.
Strong Stocks and Potential Rotational Beneficiaries Set Ups (not any A++ Set Ups in this list this week)
Prior Leaders that are now breaking down or have NO momentum – Something to keep an eye on this upcoming week –