The weekly watchlist is performing very well, as the stock markets, SPY, and S&P500 consolidate just shy of all-time highs. The Nasdaq trades above its all-time high, by comparison, so its no surprise that we’re focused on technology stocks
Summary
Technology and July Seasonality
In addition to Nasdaq’s outperformance on a purely technical basis, we now have the month of July to contend with. This is the seasonally strongest month of the year for anything tech.
With technology blazing a path higher, expect the watchlist winners to outperform over the next few weeks.
Rob’s Watchlist
Robert Caplan is one member that shares his watchlist on a regular basis. The similarities on our selection criteria are noteworthy. Given: Markets are bullish, and the sector containing our candidate is trending higher.
NDX, QQQ, and XLK are bullish.
- The stock is in a bullish trend with price above 9/21d moving averages
- Price has recently tested the 9/21d
- RSI is above 50
- MACD is above its signal line or about to cross
First my favorites.
Texas Instruments (TXN) is following the path of other notable semiconductor stocks. It recently tested its bullish 21d moving average. Buyers stepped up and bought more shares. RSI is rising, as a function on price, while remaining above 50. MACD is about to cross.
Volume suggests institutions are present.
Texas Instruments reports earnings after hours, on July 21.
SolarEdge Technologies (SEDG) is primarily in the business of manufacturing critical components for the alternative energy industry. Thats said, its offerings are technology-based.
Price action is rising through the 9/21d, with RSI moving above 50. MACD will cross soon. Volume the past few days shows institutions are active.
Rob’s entire list of candidates is below, ranked by performance.
| SYMBOL | CLOSE | CHG | % CHG | VOLUME |
|---|---|---|---|---|
| TSLA | 1371.58 | 162.92 | 13.48 | 20568965 |
| BABA | 240.00 | 16.40 | 7.33 | 33702816 |
| CMG | 1125.92 | 69.47 | 6.58 | 666638 |
| OLLI | 99.37 | 6.07 | 6.51 | 1879024 |
| CIEN | 56.57 | 3.31 | 6.21 | 4118276 |
| EDU | 143.84 | 8.27 | 6.10 | 1978989 |
| HZNP | 58.11 | 2.87 | 5.20 | 3585896 |
| SEDG | 148.88 | 5.77 | 4.03 | 1096455 |
| KLAC | 203.59 | 7.08 | 3.60 | 1367367 |
| MCHP | 107.75 | 3.14 | 3.00 | 1539161 |
| TXN | 129.53 | 3.72 | 2.96 | 4957024 |
| FB | 240.28 | 6.86 | 2.94 | 26206084 |
| ODFL | 175.88 | 5.01 | 2.93 | 905266 |
| DPZ | 385.00 | 10.91 | 2.92 | 669141 |
| CRM | 197.72 | 5.19 | 2.70 | 5794241 |
| AAPL | 373.85 | 9.74 | 2.68 | 29663574 |
| APH | 98.14 | 2.27 | 2.37 | 1038573 |
| NVDA | 393.57 | 9.08 | 2.36 | 7897086 |
| PKI | 100.09 | 2.15 | 2.20 | 735772 |
| JBHT | 120.84 | 2.58 | 2.18 | 650448 |
| MSFT | 210.70 | 4.44 | 2.15 | 31897529 |
| COST | 311.49 | 5.75 | 1.88 | 2332442 |
Rob is a day trader primarily, so be sure to tune in today as we talk about these trades and potential swings on the stocks that finish in the upper half of their daily range for swings.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we focus on technology stocks and navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
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We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
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Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.