Weekly Watch List for July 29

Please be sure to click the button above to check out our summer sale. You can try us out for only $29 for your first month and then $129/mo after that, and you cancel at any time. The market showed some strength last week with the SPY and the QQQ both making new all time highs, and the VIX easing to very comfortable levels. This week the FOMC rate decision will likely have a big impact on how things shape up, and we will be pretty cautious going into the rate decision at 2 PM on Wednesday. Here are some charts that are setting up for this week:

EVRI is a name that we like ideally on a pullback and hold of the sma20 around the $12 level, but we would also consider entering on a breakout over the 12.50 area for a $13 or higher

UBER is a recent IPO that has been consolidating along its sma20 and looks ready for a possible move to the late June highs. Ideally we like this on a pullback to the $44 are but we would also consider entry on a breakout over $45

NTRA has a nice TTM Squeeze on the daily and has regained its sma20 in the last few days. We like this ideally on a pullback and hold of the 26.50 area for a trade up to $28 or higher

GWRE has a TTM Squeeze on the daily that just went dark blue to light blue bars. We like this over $104 for a move up to $107 or higher

FL has been in a lengthy sideways bottoming pattern and tested the sma50 on Friday. We like this on a move over the sma50 for a trade up towards the large gap above

WORK is another recent IPO and these names have been moving lately. It broke key trendline resistance last week and looks ready for another leg up if it can take out its sma20 around the 34.50 area

EBAY had earnings recently with a large gap up and then a retrace. It is now working its way back up and has a nice TTM Squeeze. We like this over Friday's high of 41.39 for a move towards $43

IFF had a nice move up in aearly June and then retraced right to the .618 Fib level and is now in a nice TTM Squeeze on the way back up. We like this over 146.50 for a move to $150 or higher

If you have any questions about the list or any of the setup feel free to contact us at peter@thetraderspath.com or justin@thetraderspath.com

181 views0 comments