Weekly PrimeTrading Newsletter 🍁 - Issue Week26
PrimeTrading Market update & Focuslist🍁
Disclaimer: The information contained in this text is not financial or investing advice.
You can access my infamous Excel file which contains my current 226 names watchlist.
You can navigate the spreadsheet and sort the list by any metrics you’ll want. Fundamental Score, Technical, Prime, 1M return, 1M Relative Strength…etc
I’ll update the watchlist on a bi-weekly basis.
General Market Review
QQQ
Very positive week for the QQQ as they managed to take out 342.80$ pivot which was previous ATH. Price been supported by the 10WMA for the 5th week now and a continuation from here as higher probabilities.
IWO
Smallcap growth universe had a very constructive week this week. We found again support at the 20WMA, but more importantly, we made a higher high from early June pivot high. There is good probabilities that we can push higher from here and maybe end that consolidation that started early Feb.
Both the QQQ’s and IWO is showing very psotive sign of early bull market ongoing. A window of opportunity could be upon us. This is a time I want to be positionned in the current small cap market leaders and hold them as far that I can.
Alex holdings
You can see my Tweeter feed to see my current positions annotations, but here is my current holdings and position size for now.
*POWW (21.11%)
SWBI (20.02%)
RVLV (18.73%)
DAC (17.89%)
EVRI (17.55%)
*POWW as earngings on Tuesday 29th this week.
Week 26 FocusList & Actionnable ideas
FUTU
For me, we got to a good lower risk entry on FUTU. We had our bounce from the lows and tested back the 10WMA again and managed to close the week higher than the 158$ pivot.
TIGR
Last week was not really pretty, but we managed to hold ATH level this week from the 10WMA. Not yet a setup as I would want the stock to close above 28.4$ pivot. If we manage to maybe test back that pivot early in the week, we could see a potentiel break of it, which would be a good entry point for a bigger move.
KLIC
We might finally get that move I was waiting in KLIC. We found support at the 10WMA and went straight to ATH here on huge volume. A lot has to do with rebalancing though.
This name as huge potential in the semiconductor space, I plan to cover a little research on this in the next Newsletter.
First Issue!! - I need you're feedback!
Thanks for taking the time to downloading that First PrimeTrading NewsLetter. I plan to issue one letter per week with the following subjects.
General Market review (QQQ, IWO,IWM,SPY)
Current PrimeTrading Watchlist Excel review
Weekly Focuslist with actionnable ideas
Current holdings with BAR by BAR update - The goal here is to begin teaching one of the most important subject imo that NOBODY is talking about on twitter. MANAGING OPEN POSITIONS
Industry groups review
I would highly appreciate if you could DM me with constructive feedback or new idea for that newsletter.
Cheers!
Alex
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