Traders,
Fantastic week last week, with an abundance of opportunity. Notably, as laid out in my two previous watchlists, the breakout in Bitcoin idea stole the show and experienced excellent follow-through. That was undoubtedly one of the best swing breakout opportunities of the year so far.
It’s a travel weekend for me, so this watchlist will be a bit more concise than usual. As always, though, I look forward to sharing some of my top ideas with you for the upcoming week!
Alright, let’s get into some of my top ideas for the upcoming week!
Continuation in Bitcoin: I closed my swing in Bitcoin and some other related Bitcoin names on Friday, after IBIT came into my targets.
This is a significant breakout, however. So, whilst I won’t be looking to re-enter in the short-term for a 1–week + swing long again, I will be looking for continuation setups going forward. For example, similar to previous breakouts in Bitcoin, I’ll be on watch for higher lows and/or multi-day consolidation periods for short-term swing long opps of 2+ days. Whilst momentum and uptrend continue, I’ll be looking to ride the wave. The same goes for many associated names.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.
Breakout in GOOGL: GOOGL had excellent action last week, after it firmly held its 200-day and reclaimed the 10-day. The all-important area of resistance $180 – $181 was breached on Friday, and going forward, I will need that area to become firm support. If I notice some relative strength in GOOGL take shape above that level, I’ll look for a swing long trailing against the LOD, and the previous low of day after day 1.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.
Continuation in Drone Defense Names: Nice momentum and breakouts in several drone names on Friday. UMAC RCAT and AIRO stood out to me. UMAC and AIRO are my two favorites, given their technical positioning. Whilst the ideal entry was Friday, I’d also be open to entering long for continuation if I notice a higher-low and reclaim of its day-1 VWAP.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.
Higher-Low Breakout in Nuclear Names: Out of the bunch, I like OKLO and SMR the most. I’d be looking for some sector relative strength, along with a move above Friday’s high and firming action above their 20-day. If that takes shape, I’d consider a long entry against the LOD. Similar positioning in both names, so I’d focus on the one showing the most relative strength on the day, if the idea materializes.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.
Back-Burner Small-Cap Ideas
PROK: Ideally, this has a shove through $5 and stuff for some unwind.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.
ABVE: Similar price action to PROK. I’d be interested in an intraday short if this can push back into $3.5 – $4 and fail, after trapping some longs and forcing shorts out of the trade. No interest if it slowly fizzles lower on declining volume.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.
FTFT: Decent reclaim and close on Friday. This one caught some all-day shorts off-guard. Ideally, this has some early fireworks on Monday, followed by some failed follow-through to short intraday.
*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.