Trading Plan | Week of July 20th
Where the NASDAQ trend stands, plus 7 names on the Focus List.
TLDR: The NASDAQ lost its 50-day this week and the moving averages are out of order, so we are hands off on new buys and letting the market prove itself. Seven names on the Focus List, two of them current holdings we are still up on.
Welcome back to the Weekly Trading Plan. Here’s what we’re covering:
Market Pulse. Why breaking the 50-day changes how we size, and what has to happen before we buy again.
$PANW [HOLDING]: clear leader of the cyber rotation, extended but acting right.
$SNOW [HOLDING]: tightening sideways and surfing its averages, coiling for a move.
$DELL [WATCHING]: undercut its whole base, then reversed off the 50-day.
$RDDT [WATCHING]: lost its short-term averages, found the 10-week and held.
$GEV [WATCHING]: reversed off the 50-day and barely closes below it.
$TWLO [WATCHING]: an old winner, base building clean under its pivot.
$DDOG [WATCHING]: going sideways on the 21-day, coiling under 277.
Closing Thought. A time to fish.
How we trade these names. This is not financial advice. Be sure to do your own research. Managing risk should always be your priority, and that means never blindly buying into names you see on a newsletter. Build your system and follow your rules.
Let’s get into it.
