The Market longer term uptrend still intact, many growth names remain choppy. I try to pick the best of the best. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 21 total stocks on this list. I add an additional 4 stocks that are on my potential short squeeze watch list. I also add 5 names that should be on everyone's longer term watchlist. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Your weekly market videos are great to kick off the week! We hope it helps others find new trade ideas and charts to study
Jtacher51
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@TradingView, Thank You TV, The community here is great and very supportive!
AC1004
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Not a great list. Most of them are at the high point and waiting for breakout if that happen. Not a day trading stocks.
Jtacher51
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@AC1004, We have different styles, I like to buy high and sell higher. You trade differently. That's what makes a market.
SquishTrade
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@AC1004, Yours is unfortunately a very judgmental comment that assumes every trade must look like yours. Misplaced and simplistic criticism. I happen to appreciate this video and his thinking. And these stocks actually could be day traded very successfully, as I have done (using derivatives).
One more comment -- I have been trading UPST and watching some of these other names you mention. I like your trading approach. In any case, UPST is a stock that moves dramatically, and it's been one I've traded using options and stock combined. I've made more money than I've lost on it -- but I've been burned by it a couple times, especially, the latest move it made down into the 80-85 range, which I did not expect. :P Lately, I've been selling puts on it because the premiums have been quite high due to the excess implied volatility.
Also, I'm just curious, what were the points for your Fib extension on the QQQ? I couldn't tell. You mentioned 2 points (2000 and 2002), which makes me thing that you may have misspoke and that this was actually a retracement. Unsure. Maybe an upward version of a Fib retracement rather than extension? Really just curious. Great video overall.
Jtacher51
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@jhflack, It is the fib extension, just a mis-speak, I'm not a fib expert in any way but I understand the concept of important areas and the implications of the retracements and extensions. UPST is very volatile but if it can tighten up I think it could move to the upside very quickly. Thank You for the feedback and questions