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:
SCREENERS (FULL RESULTS IN PAID MEMBER SECTION):
✳️Power and Tightening (Sorted by relative strength) (Mini Charts Sorted Alphabetically)
KSPI NEXI NKTX PRAX SIDU SMCI ESTA FLEX KROS SYRE ARDX HMST SANA EOLS IDYA SILK TAST MRUS SLNO RXST ADMA ANF PI MNDY PHR PTVE VKTX IRTC NTRA PRCT TMDX PTGX TREE ATEC DOCU HCI CCCC COHR INFA BHVN IOVA SNV MAC CYTK ACCD HPP SNAP AUTL MHO BXC TGTX SONO NMRK AKRO BPMC DFH ODD ALT TWST AFRM RKT
✳️SHRED Relative Strength Scan (Sorted by RS over last 5 days)
ET HESM NKTX OSCR SPOT ATEC—-(see the full screener results in the paid section)
✳️SHRED Medium Term Power Scan (Sorted by RS over last 20 days)
ARQT KOD SIDU BFRG DYN NKTX—- (see the full screener results in the paid section)
SPY QQQ IWO REVIEW
SPY
SPY is a bit extended here so I’m anticipating either choppy sideways action or a pull back. I’m watching the KMAs and AVWAPs below as levels of interest.
We have quite a bit of earnings coming up this week which could throw what I stated above out the window.
QQQ
QQQ is also a bit extended above all KMAs and seems to be looking for a breather. Let’s see how earnings season impacts this chart.
IWO
IWO is in a make or break position here, above tightening KMAs and AVWAPs.
The optimist in me is hoping we see a rotation into growth soon and this chart turns up.
BREADTH REVIEW
% OF STOCKS ABOVE 20 DAY (SHORT TERM BREADTH)
Breadth continues to expand.
% OF STOCKS ABOVE 50 DAY (MEDIUM TERM BREADTH)
STANDOUTS FROM THE SCREENERS (NOT NECESSARILY SETUPS)
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