Weekly Watchlist for free members:
(2/16-2-20)
If you would like to get a watchlist of trending stocks every night and morning along with other
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Recap of Last Week's Watchlist:
Our weekly watchlist is to show free members what we offer. Let's look at a recap of last
week. If you want to check it out for yourself just go to last week's announcement.
VERU: “Key level to break above will be $14” (VERU ran to $24.57)
CNSP: “Has to break above $3.50” (CNSP ran to $5.48)
MARA: “Would like to see it break $24” (MARA ran to $41)
OCGN: “Key level is $7.5” (OCGN ran to $18.77)
SPCE: “The launch that is coming up on the 13th along with the superbowl announcement is
enough to take this stock to $60” (Hit our target perfectly and hit $60)
NIO: (Broke out of the wedge and ran to mid 60s)
Market Direction:
The NASDAQ finally broke out last week along with the SPY trading back into its channel. We
could see a possible break above the channel and a blow off the top this week?? MACD
crossed back over which is a bullish sign
Other Market Indicators:
-PE Ratio of the S&P 500: 39.57, The only time this number has been this high is the internet
bubble of 2000 and housing crash of 2008
-USD Dollar Index: not the greatest indicator for the stock market but something important to
look at. The dollar is looking pretty bearish right now. So this can be something to look at if you
trade equities and precious metals. As long as it holds below $90.8
-10 year treasury rate: This is insanely low right now. Many companies can put on a lot of debt
right now. This can help them grow exponentially
-10 year bond yield: Interest rates are rising
-Household Debt to GDP: The higher the household debt the higher the deflationary source.
This is slowly decreasing but many people are under less debt than they were in 2008. The
likelihood of people going out and spending their money is higher than 2008
-Velocity of Money Stock: This has been trending down for a while but the trend is starting to
change
-Inflation: Factors such as globalization, household debt, and personal savings will likely
increase inflation over the next couple years. Historically when we go from very high valuations
we have a big drop down from those inflationary periods. The bull market could be rounding its
peak.
-Wilshire 5000 to GDP Ratio: This shows us how expensive the stock market is relative to the
economic output of the united states. We are seeing this explode because of how speculative
the market is right now.
VIX: The VIX measures implied volatility. This shows us the market's forecast of future
fluctuations. It is a way to measure market sentiment and fear. It spikes in times of financial
distress, disruptions in the economy, etc. And it settles down during times of stability, growth
phases in the economy, etc. Need to stay below $20.
News over the weekend:
Unemployment:
US Labor department shows a decrease in unemployment, but coronavirus grasp on the
economy is still visible upon closer inspection. Decrease in unemployment is slowing in both
retail and restaurants compared to December. It may be longer than expected for
unemployment to correct to pre-pandemic levels.
Borrowing:
Demand for risky corporate bonds continues to support the lending boom. Increased purchasing
of these risky bonds, mostly rated CCC or lower, poses an increased risk of default. Investor
euphoria is taking the market and making it ever more volatile. Be careful at these levels!
Oil:
Oil rally pushes crude prices to the highest they've been since the start of the pandemic. Winter
storms further increase demand and could pose a production risk. Could be a possible signal of
short term inflation. Something to keep an eye on in the upcoming weeks.
Stimulus:
Stimulus talks are still in the air as the new proposal for $1400 checks could see tighter eligibility
restrictions. At the same time, a growing push for $15 dollar minimum wage is underway.
Vaccine:
New data from Israel shows a 94% drop in symptomatic covid-19 infections among 600,000
people who took both doses of the Pfizer vaccine. They also reported that the vaccinated group
was 92% less likely to develop severe illness from the disease. (WSJ)
Gamestop Trial: Robinhood, Melvin Capital, and Citadel will be testifying on what happened
with the whole gamestop fiasco.
Earnings for the week:
Tickers to Watch this week:
NIO: Company will be holding a press conference on March 17th to talk about their ambitions to
sell to the Looking bullish after profit takers form their delivery numbers. Key level $63.
PINS: Microsoft has tried to buy pins along with other factors makes this stock a great swing
trade canidate, Key level to hold is $83
BABA: Recent analyst upgrades to $300 plus. Key level to break is $268
AAPL:
UAL: Needs to break $44 or could bounce off support in the $41s
TDOC: ARK is buying this company like crazy, it is about to be their biggest position. A cup and
handle is forming and this could pop. $290 needs to hold
PYPL: ARK is buying this like crazy too. PayPal Plans To Bring Swedish FinTech Co. iZettle To
U.S. Later This Year
FSR: Morgan Stanley Initiates Coverage On Fisker with PT of $27. Earnings coming up this
week.
Surge’s Watchlist (All stocks are on 4hr chart):
TSLA- has been trading in this channel for a while now, broke down to the support line and held,
we saw some upside before the market closed on Friday. I believe this is a safe entry point for
TSLA.
MRK- I have been watching this stock making sure it didn't break support line, Entry should be
valid around here as long as the support line is held, there is major upside to be seen.
T- Another support line being tested RSI pointing up on 4hr along with MACD, Looking like
another great entry for a swing or for shares.
AAPL- Has used this SMA line in the past acting as support and bounced off many times. On
friday we saw bullish action within the market and buying around this range could be beneficial.
MSFT- this stock I feel is over extended and might want to play the downside however I am
waiting for confirmation as the stock could stabilize around this range depending on the overall
tech sector, but something to keep an eye for sure. I would want to see a drop down to 235.
INTC- another stock I would be looking at to play the downside as I feel this is over extended as
well. Other chip manufacturers have taken the market by storm. I feel that there is no reason it
jumped this high recently other than being in a bullish market and has room to fall back down to
the green SMA line.
PLTR- looking to play the upside on this stock. Earnings happen on Tuesday before the market
opens. I am keeping a close watch on this stock as I feel it has more growth potential.
QCOM- I am going to finish off my watchlist this week with QCOM as it had bad earnings
causing the stock price to fall tremendously which I see as a great opportunity to buy swing
options or leaps to the upside. As we closed the Market green on friday we can see this stock
followed along which could indicate as a good entry point sometime this week.
