Tickers To Watch This Week

Here are a few swing longs I’m watching this week: $PATH $BFLY $MOMO $KNDI $WWR $VACQ $SOLO $TRIP

Friday’s momentum scan can be found HERE. There are a bunch of good looking charts heading into the week if you are struggling to find ideas. As the futures market opens, it almost feels like the cocaine is flowing early, the NASDAQ is moving higher as is Bitcoin. Let’s hope the momentum continues into the open.

I’ll add some ideas throughout the night if I see anything of note. Let’s make it a good week.

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I randomly found this Video on YouTube this weekend and wanted to share. I do not know Karl Boyd, but found his questions to John McAfee interesting, and even more so his answers. Some of you guys need to hear McAfee’s take on investing, it’s pure gold.

RIP King

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The scanners are lighting up once again and Bitcoin hits peak panic in 2021. I love when bitcoin sells off, it means I get to stack sats on the cheap, and today was no different (sub $30,000 prints). The FUD was thick this morning for crypto as Jim Cramer was selling his last bitcoin on national television. I think that was the bottom.

Cryptocurrency literally had the kitchen sink thrown at it this morning, yet manages to brush it all off by nightfall. God bless the people of El Salvador.

As for stocks, here are some charts that interest me from the momentum scan inside Stocklabs:

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Today’s full momentum scan can be found HERE. For members, make sure to bookmark the LIVE scan HERE.

We may be in a golden risk-on period where they FED, and apparently the SEC, let things run wild. Trade and plan accordingly….

 

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Cue up The Great Commodity Bullrun of 2021. Here’s a look at the industry movers before FED speak tomorrow: Aluminum, Nuclear, Shipping, & Oil & Gas. I seriously doubt Fed Chairman Powell changes course tomorrow, I actually happen to agree with the humble Downtown Josh Brown and think the Fed will give hints of a tapper, but it won’t be at tomorrow’s meeting. Should the FED remain course, we get a green light for the commodity index to scream higher.

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Aluminum names saw a massive rally from the morning lows, and managed to close at the highs of the day. Here was your strongest group at the close:

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Within oil & gas exploration, here are some of your leaders ranked by the Overall Stocklabs Hybrid Score.

And, here is Oil & Gas Equipment:

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And, the independents:

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As always, I will check the Stocklabs scans tomorrow to see where the volume is. For members, here is the scan I will be watching: CLICK HERE AFTER FED MINTUES 

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Paul Tudor Jones, PTJ, had an excellent interview on the current state of the market, and gives us the playbook for FED day on Wednesday. He makes a case for a gigantic squeeze in commodities fueled by market dynamics and the angry mob, REDDIT.

INDEUD, what a time to be alive!

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Here are some names on my radar as we head into summer of ’21. We’ll start with $ABNB, a current position of mine, as hotel prices across the globe skyrocket on crazy post-covid demand. $ABNB has to be killing it right now, and has a downright monopoly on their niche travel market. We the recent pullback in growth stocks, you are getting this one near its IPO opening price. Technicals also look good to go here so long as price holds $141:

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We’ll stick with the travel theme for our next pick, $TRIP. Right before the major pullback in the market, $TRIP was heating up on news of their new subscription travel model and was gaining momentum trading through $60/share. Fast forward a few months, we got our dip and the travel market is hotter than ever. With positive price movement accompanied by volume, watch for a breakout here:

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Next up is another growth name that has been absolutely crushed. I even named this ticker my stock of the year for 2021, this ticker is $BIGC. If growth names start to pick up, watch a move off the $60 level, we have a thin pockets above that needs to be filled at $68:

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How about a SPAC for our next selection? This is a ticker that I have both in my swing portfolio and in my long term account. I remember the impulse move the stock made when news hit on which company this SPAC would merge with, I even wrote a note on the chart to buy the next dip. Well, here is the dip for $FTOC, aka Payoneer, and the merger date is in a few short weeks. We are basically on the floor here, any dips this week are to be bought (talking to myself):

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And, I’ll leave with two final recent iPOs to watch. If Bitcoin can continue to move higher from here and drag the crypto space along with it, $COIN seems like a value play down here (Big IF though):

And, PATH, a new Cathie Wood darling (not sure if that is a good thing anymore). This new software iPO, which make software robots so people don’t have to be robots, looks just about ready for primetime if we can break this recent downtrend. I have it as one of my top watching into the week:

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Let’s keep any eye on these. See you guys tomorrow at the open…

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