Hi traders,
Welcome to another report.
Let’s get into it.
-SHRED
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):
✳️SHRED Power and Tightening
(Sorted by relative strength)
(Mini Charts Sorted Alphabetically)
VERA AMR ATXS BMA CLS DWAC IRWD POWL TSVT ALPN ASML ATEC CRBP EWTX EYPT TRML ODD GTLB IDYA KURA KYMR RVSN SILK TMDX ACLX KSPI APPF RUM ESTA GGAL COHR PAR PI RAPT SANA SLNO BTDR AMSC SGMT IMNM UTI SYRE NLOP HMST
✳️SHRED Relative Strength Scan
(Sorted by RS over last 5 days)
ELF FTAI IR LLY MGNX MMYT PFGC—-(see the full screener results in the paid section)
✳️SHRED High Volume Scan
(Sorted by relative volume)
DFVE META GOTU EW MINM —-(see the full screener results in the paid section)
ECONOMIC CALENDAR
UPCOMING EARNINGS
(Credit to Earnings Whispers)
SPY QQQ IWO REVIEW
SPY
SPY proceeded higher after a very volatile week of earnings, FOMC and jobs reports.
We have another week packed with earnings so I expect more volatility. On top of that, breadth is narrowing so I’m proceeding with a bit more caution.
It’s apparent the mega caps are doing most of the work. I want to see breadth tick up here and growth get involved.
QQQ
QQQ experienced the same volatility last week and I expect more this week. Let’s see if we can push higher from here. If not I’ll be watching the breakout and AVWAP levels below.
IWO
IWO is still directionless. Let’s see if we can get a tick up in breadth this week to move the needle. While IWO stays range bound, trading growth names can be a bit frustrating.
BREADTH REVIEW
% OF STOCKS ABOVE 20 DAY (SHORT TERM BREADTH)
Breadth remains stagnant and a bit narrow.
% OF STOCKS ABOVE 50 DAY (MEDIUM TERM BREADTH)
STANDOUTS FROM THE SCREENERS (NOT NECESSARILY SETUPS)
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