Weekly Trading Plan: Week of 6/28
This is a tale of two markets, and the whole plan this week hinges on understanding it.
Welcome back to the Weekly Trading Plan.
This is what we are covering this week.
Market Pulse. A tale of two markets. The NASDAQ composite and the QQQ are telling different stories, the Mag 7 is getting hit hard, the AI names are resting, and small caps are quietly leading. We break down all four indexes and what the divergence means for how aggressive to be right now.
The Focus List. Eight names worth your attention this week. Three we hold, five we are watching. Charts, commentary, and the levels that matter for each one. Current holdings are tagged. The rest are setups we are watching.
Quick reminder before we get into it. Nothing in here is financial advice. This is one trader’s read on the tape and the names worth watching. Do your own research, manage your own risk, and never trade money you cannot afford to lose.
How we trade these names. Every name in here is traded the same way, and you should understand the rules before you act on a single one of them. We use a 5 to 7 percent stop from our entry, no exceptions. We know where we are getting out before we get in, and we set the stop the moment we buy. We manage risk first and chase gains second. Our entire edge is taking losses quickly and letting winners run, which means we are often out of a name fast when it does not work. Do not assume any name listed here is still a position by the time you read this. A stock appearing on the Focus List is not a signal to buy and hold. It is a setup we are watching with a defined risk plan. If you cannot define your risk and honor your stop, do not take the trade.
Let’s get into it.
Market Pulse
This is a tale of two markets, and the whole plan this week hinges on understanding it.
Start with the divergence everyone is talking about. The NASDAQ composite just put in its fourth straight close below the 50-day moving average. In any normal read, that is a flag. But the most recent low of 25,014 has not undercut the June 9th low of 24,980. We are holding the range. That keeps us sideways, not downtrending. A break of that low changes the conversation.
