{"id":57169,"date":"2024-08-25T07:39:24","date_gmt":"2024-08-25T11:39:24","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=57169"},"modified":"2024-12-11T16:46:22","modified_gmt":"2024-12-11T21:46:22","slug":"the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024","title":{"rendered":"The Weekly Trade Plan: Top Stock Ideas &#038; In-Depth Execution Strategy \u2013 Week of August 26, 2024"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Traders,<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It continues to be a unique and exciting trading environment, and as always, I look forward to sharing my thoughts and trading plans with you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like last week&#8217;s watchlist, I&#8217;ll share my plans and general thoughts for both small\u2014and large-cap stocks, given the opportunity set and where I am seeing success. Regarding my trade and opportunity reviews, I only do that thoroughly during my weekly<a href=\"https:\/\/insideaccess.info\/\"> Inside Access meeting<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, let&#8217;s start with my plans for individual small-cap stocks, which are uncorrelated to the overall market&#8217;s direction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cycle continues to be hot for small caps, with many day 1 gappers closing in the green after experiencing significant flows. Once Day 1 moves fail more sharply off the open and VWAP reclaims fail on subdued volume, I&#8217;ll know that the cycle is shifting.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Lower High, Pops to Short in FFIE<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">FFIE was a tremendous momentum mover on Thursday and Friday. Of course, from a fundamental perspective, this company is well-known, having run recently during the meme-mania in May.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After Friday morning&#8217;s blowout and exhaustive move in the pre-market, the backside was confirmed off the open with the pre-market high rejection and sharp failure on sustained volume.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57170\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie.png\" alt=\"\" width=\"805\" height=\"383\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie.png 1879w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-300x143.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-1024x487.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-768x365.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-1536x731.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-610x290.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-100x48.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-846x403.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ffie-1184x563.png 1184w\" sizes=\"auto, (max-width: 805px) 100vw, 805px\" \/><\/span><\/p>\n<p>*<i>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.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">As long as the multi-day VWAP does not reclaim, followed by a price action chop, I will be focused on shorting a lower high. Ideally, this has a short-lived SSR push early in the week toward $8.5 &#8211; multi-day VWAP and fail. After that, I would initiate a short swing position versus the day&#8217;s high. I would plan to hold versus the day&#8217;s high while trimming the position to $7. I will aim to hold this for multiple days and target a move back near $5s.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the backburner, several other small-cap stocks I am looking to short:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>GDC<\/strong> &#8211; Similar blowout Friday to FFIE. Like FFIE, I am looking for failed follow-through pops toward its multi-day VWAP. However, while I see this giving back most of the up move in the coming weeks, its pops could go further than one thinks due to the trickery that took place in the stock.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57171\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc.png\" alt=\"\" width=\"835\" height=\"402\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc.png 1879w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-300x144.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-1024x493.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-768x369.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-1536x739.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-610x293.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-100x48.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-846x407.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/gdc-1184x570.png 1184w\" sizes=\"auto, (max-width: 835px) 100vw, 835px\" \/><\/span><\/p>\n<p>*<i>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.<\/i><\/p>\n<p><span style=\"font-weight: 400;\"><strong>MNTS<\/strong> &#8211; I&#8217;ll set alerts for pops toward $1.3 + for intraday short and unwind sub $1.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57173\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts.png\" alt=\"\" width=\"834\" height=\"400\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts.png 1878w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-300x144.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-1024x491.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-768x368.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-1536x737.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-610x293.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-100x48.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-846x406.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/mnts-1184x568.png 1184w\" sizes=\"auto, (max-width: 834px) 100vw, 834px\" \/><\/span><\/p>\n<p>*<i>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.<\/i><\/p>\n<h2><span style=\"font-weight: 400;\">Focus Shifts to Favor Swing Longs<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As I have been going over in my inside access meetings, I am looking for the market to consolidate and digest this move, having offered multiple pullback opportunities last week. I need to see previous resistance hold firm as newfound support and bases to build to have greater confidence in directional swing longs in large caps.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, with the SPY\u00a0 now showing early signs of consolidation above the $555 band of support, I am looking for further sideways action and energy to build. As long as the market can maintain its footing above this critical zone, I&#8217;ll shift my focus to include directional swing long setups. On the flip side, if the market breaks below its rising 5-day and then $555, I&#8217;ll be hands off and looking for support and a higher low near $550 and its rising 50-day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, within that, from a long perspective, I am seeking out relative strength and attractive technicals for my watchlist.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, the biotech sector was one of the strongest last week. The IBB and XBI closed shy of their 52-week highs and near a major breakout and inflection point.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57172\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb.png\" alt=\"\" width=\"833\" height=\"399\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb.png 1879w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-300x144.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-1024x490.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-768x368.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-1536x736.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-610x292.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-100x48.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-846x405.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ibb-1184x567.png 1184w\" sizes=\"auto, (max-width: 833px) 100vw, 833px\" \/><\/span><\/p>\n<p>*<i>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.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">So, from now on, a focus will be on identifying the most well-positioned stocks within that sector for a potential breakout. Alternatively, I will also be eyeing the IBB for a consolidation breakout in the coming days and weeks. Given its almost 10% move off the lows, however, I&#8217;d prefer for a few more days &#8211; a week of sideways action before a consolidation breakout occurs.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/smbcapital.lpages.co\/smb-swing-trade-evaluation-template\/\">Get the SMB Swing Trading Evaluation Template Here!<\/a><\/p>\n<p><strong><a href=\"https:\/\/smbtraining.com\/blog\/smb-disclosures?_gl=1*v9kmsl*_ga*NjU4MzY5OS4xNjkwMDI4MDQ0*_ga_EQH1PLHMKM*MTcwMzQzNzIwMi44NS4xLjE3MDM0MzcyMzYuMjYuMC4w\">Important Disclosures<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders, It continues to be a unique and exciting trading environment, and as always, I look forward to sharing my thoughts and trading plans with you. Like last week&#8217;s watchlist, I&#8217;ll share my plans and general thoughts for both small\u2014and large-cap stocks, given the opportunity set and where I am seeing success. Regarding my trade and opportunity reviews, I only &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2154,"featured_media":57177,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5633],"tags":[],"class_list":["post-57169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ryan-watchlist"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Weekly Trade Plan: Top Stock Ideas &amp; In-Depth Execution Strategy \u2013 Week of August 26, 2024 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Weekly Trade Plan: Top Stock Ideas &amp; In-Depth Execution Strategy \u2013 Week of August 26, 2024 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Traders, It continues to be a unique and exciting trading environment, and as always, I look forward to sharing my thoughts and trading plans with you. Like last week&#8217;s watchlist, I&#8217;ll share my plans and general thoughts for both small\u2014and large-cap stocks, given the opportunity set and where I am seeing success. Regarding my trade and opportunity reviews, I only ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-25T11:39:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-11T21:46:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/08\/ryan-best-trades.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ryan Hasson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ryan Hasson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-august-26-2024\"},\"author\":{\"name\":\"Ryan Hasson\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/501b3f7aea3a5d8c7fe6edaaccb4402c\"},\"headline\":\"The Weekly Trade Plan: Top Stock Ideas &#038; 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Like last week&#8217;s watchlist, I&#8217;ll share my plans and general thoughts for both small\u2014and large-cap stocks, given the opportunity set and where I am seeing success. Regarding my trade and opportunity reviews, I only ... 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