The stock market can be a rollercoaster, but who says we can’t enjoy the ride and maybe even get ahead? Here’s my watchlist for the upcoming week, peppered with a bit of strategy and a sprinkle of foresight. Let’s dive in!
1. FTAI: The Steady Climber
- In a steady uptrend.
- Earnings have been impressive.
- A bit too far from its comfort zone.
While FTAI has been climbing the charts like a pro, it’s ventured a bit far from its base. It’s like that friend who moves to the suburbs and suddenly can’t handle city traffic. Still, with solid earnings recently announced, it’s worth a watch. Just remember, if it dips below that EMA 21 line, it might be time to reassess.
2. TREX: Bouncing Back
- Showing resilience with a bounce from EMA 21.
- A tad out of the buy zone.
- Volatility is taking a chill pill.
TREX is like that person at the party who always lands on their feet, no matter the dance move. It’s out of the buy zone, but its recent bounce from EMA 21 and reduced volatility make it an interesting candidate. Keep an eye on it, but maybe don’t put all your chips in just yet.
3. CRWD: The Upcoming Earnings Gambit
- On a steady incline.
- Institutions are showing it some love.
- Earnings are on the horizon, so brace for potential volatility.
CRWD is climbing the popularity ladder, and institutions are noticing. But with earnings coming up on March 5, it’s like waiting for the next episode of your favorite show, hoping your favorite character doesn’t get written off. Exciting, but risky!
4. SSD: In the Zone
- Volatility is becoming more predictable.
- Right in the buy zone.
- Still, not quite in the perfect spot.
SSD is like that dependable coffee shop that always gets your order right—it’s in the buy zone and showing less volatility. However, it’s not in the ideal spot, akin to finding out your coffee shop is out of your favorite pastry. Close, but no cigar.
5. APG: Breaking Out
- Strong breakout with high volume.
- Currently out of the buy zone.
- Keep that stop-loss in check.
APG recently made a move that’s hard to ignore, breaking out with gusto. However, now it’s like that friend who’s suddenly into extreme sports—it’s exciting but a bit out of the buy zone. Watch this space, but maybe don’t jump off the cliff with them just yet.
6. PGTI: Stability with a Side of Caution
- Looks stable for now.
- Price is flirting with the buy zone.
- Earnings took a hit last time.
PGTI is like your old reliable car—it gets you where you need to go, but you know it’s seen better days. It’s stable, with the price near the buy zone, but last quarter’s earnings were a bit of a pothole. Keep an eye on it, but maybe don’t plan a cross-country road trip just yet.
7. FSS: The EMA 21 Dance
- Good time to watch EMA 21.
- A bit far from its last victory lap.
- Watch out if it dips below EMA 21.
FSS is like that runner who’s always pushing the limits but is currently a bit far from their last personal best. It’s a good time to watch how it interacts with EMA 21. If it falls below, it might be time to reconsider your position, kind of like deciding if you really need that third piece of cake.
In the ever-changing landscape of the stock market, keeping a close eye on these contenders could give you the upper hand. Remember, the market is like a box of chocolates—you never know what you’re gonna get, but a little insight can go a long way in making sure you pick the good ones!
details at a glance
FTAI
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- Next EPS Date: NA
- Industry Rank: 44/197
- Stage: 3
- Base Type: NA
- Base Depth: 14
- Up/Down Ratio: 1.3
- Institutional Ownership Trend: Up
- Comments: SEPA
- Maximum Favorable Buying Price: $59.08
- Stop-loss: $55.15
- Position Risk, %: 6.65
- RS Rating: 96
- RS Trend: Up
- Pros: Stock is in a steady uptrend. Earnings are good, recently announced.
- Cons: Industry rank should be higher, increasing risk. Stock is far out of the base.
- Additional Comments: I would place the stop-loss slightly below EMA 21.
TREX
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- Next EPS Date: NA
- Industry Rank: 12/197
- Stage: 2
- Base Type: NA
- Base Depth: 10
- Up/Down Ratio: 1.3
- Institutional Ownership Trend: Up
- Comments: SEPA
- Maximum Favorable Buying Price: $94.70
- Stop-loss: $90.19
- Position Risk, %: 4.76
- RS Rating: 94
- RS Trend: Up
- Pros: Price has bounced up from EMA 21. Volatility has significantly dropped.
- Cons: Price is slightly out of the base, increasing risk.
- Additional Comments: I would place the stop-loss slightly below EMA 21.
CRWD
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- Next EPS Date: 5 Mar
- Industry Rank: 9/197
- Stage: 1
- Base Type: NA
- Base Depth: 14
- Up/Down Ratio: 1.3
- Institutional Ownership Trend: Up
- Comments: SEPA
- Maximum Favorable Buying Price: $329.08
- Stop-loss: $309.34
- Position Risk, %: 6.00
- RS Rating: 97
- RS Trend: Up
- Pros: Stock is under accumulation, with a steady upward price trend.
- Cons: Upcoming earnings could increase volatility. Price is far above the recent price.
- Additional Comments: I would place a stop-loss below the recent low, also below EMA 21.
SSD
-
- Next EPS Date: NA
- Industry Rank: 12/197
- Stage: 3
- Base Type: Cup
- Base Depth: 13
- Up/Down Ratio: 1.2
- Institutional Ownership Trend: Up
- Comments: CAN SLIM
- Maximum Favorable Buying Price: $212.25
- Stop-loss: $202.13
- Position Risk, %: 4.77
- RS Rating: 93
- RS Trend: Up
- Pros: Volatility is contracting; price is in the buy zone.
- Cons: Price is in the buy zone but not ideally positioned.
- Additional Comments: I would place a stop-loss slightly below the recent pivot price.
APG
-
- Next EPS Date: NA
- Industry Rank: 16/197
- Stage: 2
- Base Type: Flat
- Base Depth: 13
- Up/Down Ratio: 1.5
- Institutional Ownership Trend: Up
- Comments: CAN SLIM
- Maximum Favorable Buying Price: $37.44
- Stop-loss: $34.81
- Position Risk, %: 7.02
- RS Rating: 91
- RS Trend: Up
- Pros: Strong breakout from buy zone with high volume.
- Cons: Price is currently not in the buy zone.
- Additional Comments: I would put a stop-loss below the recent pivot point.
PGTI
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- Next EPS Date: NA
- Industry Rank: 12/197
- Stage: 2
- Base Type: Flat
- Base Depth: 3
- Up/Down Ratio: 1.7
- Institutional Ownership Trend: Up
- Comments: CAN SLIM
- Maximum Favorable Buying Price: $42.07
- Stop-loss: $39.21
- Position Risk, %: 6.80
- RS Rating: 94
- RS Trend: Up
- Pros: Appears to be a stable stock, with the price near the base and below the buy zone.
- Cons: Earnings have dropped; RS line is going sideways, which could lead to a drop.
- Additional Comments: I would monitor the RS line closely.
FSS
-
- Next EPS Date: NA
- Industry Rank: 16/197
- Stage: 2
- Base Type: Flat
- Base Depth: 9
- Up/Down Ratio: 1.3
- Institutional Ownership Trend: Up
- Comments: SEPA
- Maximum Favorable Buying Price: $86.01
- Stop-loss: $79.95
- Position Risk, %: 7.05
- RS Rating: 88
- RS Trend: Up
- Pros: Good time to follow EMA 21 with a supportive bounce.
- Cons: Price is distant from the latest base, necessitating more risk management.
- Additional Comments: If the price drops below EMA 21, I would avoid buying.
General Requirements for Stock Selection
When picking stocks to watch, I stick to a few golden rules to ensure I’m not just throwing darts in the dark:
- Leadership in Industry: I look for stocks in leading industries, ideally ranking 20 out of 197 or better. Sometimes, a rank of 50/197 can also catch my eye, but only if it’s showing promise.
- Base Depth Matters: I prefer stocks with base depths between 10-20%. If it’s a cup pattern, I might stretch to 35%, but let’s not get too wild.
- Up/Down Ratio: This number needs to be greater than 1.0. We want stocks that are more likely to go up than down, obviously.
- Institutional Ownership Trend: I want to see this trend stable or heading up. If the big players are getting more involved, it’s usually a good sign.
- RS Line: It’s all about the uptrend here. If the RS line is climbing, so are my spirits.
- RS Rating: I set the bar at 85 or higher. If a stock’s RS rating is lower, it’s like showing up to a marathon in flip-flops—not a great idea.
By sticking to these guidelines, I aim to keep my portfolio in the green and my stress levels reasonably blue.
Wrapping It Up: Navigating the Market with Confidence
As we’ve journeyed through my watchlist and unpacked the essentials of savvy stock selection, remember that the market is as dynamic as it is thrilling. By applying these guidelines and keeping an eye on promising contenders, we’re not just floating on the waves of market whims—we’re surfing them.
Whether you’re eyeing the steady climbers, the resilient bouncers, or those intriguing under-the-radar picks, the key is informed, strategic choices. Let’s approach the market with a blend of insight, foresight, and a dash of that invaluable market intuition.
So, as you gear up for the upcoming week, take these insights, blend them with your own research and strategy, and step into the market arena with confidence. After all, it’s not just about beating the market; it’s about being in tune with it, learning its rhythms, and, most importantly, enjoying the journey and the growth it brings.
Here’s to making informed choices and watching our portfolios thrive. Happy trading!
