Pre-Market Huddle (Jul 23)

The merciless market grind higher continues. The S&P 500 is trading around yesterday’s highs right now and it looks like today will likely be the day the S&P tags 1700. As I mentioned last night, we may not stop there and this grind can continue beyond 1700.

My trading plan remains the same: I will be looking for the strongest momentum stocks and trying to buy them on pullbacks. I will consider acting on breakouts but only if they are happening from well defined bases and with good volume (e.g. SRPT yesterday).

Here is my current morning watchlist:

  • Solars: CSIQ, RSOL, HSOL
  • Rare Earths: REE, AVL
  • ARRY
  • KERX
  • ECTY
  • SUNE
  • WEN
  • HIMX
  • EMKR
  • PLUG
  • ONVO

Good luck.

Noanet Trader is a 15-year trading veteran, mentor, and writer. His mission is to help traders understand the value of defense and capital protection so they can improve trade execution and achieve greater profits.

Posted in Just Rambling

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