Trading Plan | Week of July 27th
Where the NASDAQ trend stands, plus 9 names on the Focus List.
TLDR: By definition we’re in a downtrend, and this is a time to do nothing. Nine names on the Focus List, one holding, and 90% cash.
Welcome back to the Weekly Trading Plan. Here’s what we’re covering:
Market Pulse. Whether the NASDAQ can get its moving averages back in order.
$SNOW [HOLDING]: trading tight and sideways with the 21-day acting well.
$PANW [WATCHING]: closed last week on a change in character.
$DELL [WATCHING]: sideways near highs, still the best-looking AI name out there.
$HPE [WATCHING]: basing and tightening, same reversal off the 50-day.
$LLY [WATCHING]: a month and a half of chop, and a shape worth watching.
$HUT [WATCHING]: choppy base, big gap up last week.
$AMD [WATCHING]: holding up the best out of the semiconductors.
$DDOG [WATCHING]: strong consolidation, finding support at the 50-day.
$SNDK [WATCHING]: gapped up, got denied, gapped back down.
Closing Thought. Why patience is the trade.
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.
