Hi traders,
Welcome to another report.
Let’s get into it.
Remember to check out my educational page, SHREDu, for educational posts. These will remain free and will continue to grow.
Link below:
SHREDu
I’ve also started to post the catalogue of HVC variations I play.
Link below:
SPY QQQ IWO REVIEW
SPY
SPY moved through ATH’s last week with a very strong close for the week. Breadth also increased a bit on that move.
QQQ
QQQ also showed some strength into Friday’s close. Waiting to see where we choose to have a stress test.
IWO
IWO looks poised to rotate upwards which would bode well for the smalls. The FL this week is largely centered around that anticipated rotation.
BREADTH REVIEW
% OF STOCKS ABOVE 20 DAY
There’s the tick up we’ve been looking for. I’m anticipating market breadth to expand a bit here,
% OF STOCKS ABOVE 50 DAY
We got a bit of a tick up here as well and also have room to the upside.
SCREENERS (FULL RESULTS IN PAID MEMBER SECTION):
✳️SHRED Relative Strength Scan (Sorted by RS over last 5 days)
CIEN DWAC FFWM NTNX—-(see the full screener results in the paid section)
✳️SHRED Medium Term Power Scan (Sorted by RS over last 20 days)
RYZB DSKE CYTK LBPH—- (see the full screener results in the paid section)
STANDOUTS FROM THE SCREENERS (NOT NECESSARILY SETUPS)
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