Watchlist 05/19
Moody's downgrades US credit rating
QQQ 0.00%↑ the market gapped up on Monday after positive US-China trade talks in Geneva the prior weekend, and pretty much rallied all week with consecutive gains each day. After the close on Friday, news emerged that Moody’s had downgraded the US credit rating. This could be a short term catalyst for the market to rest/pullback slightly.
UNH 0.00%↑ after a slew of bad news last week it looks like the stock has reversed from the capitulatory bottom on Thursday. More insider buys were disclosed which could drive a continued bounce in the stock from these low valuation levels
CRWV 0.00%↑ rallied after its earnings report
If the market stays strong and in trend, constructive charts that could set up longs:
TTAN 0.00%↑ recent IPO that closed at a new high with a small cup and handle pattern near breakout
CRWD 0.00%↑ forming a consolidation area just beneath all time highs
MVST 0.00%↑ small cap stock involved in the production of batteries
GRAL 0.00%↑ a common pattern in the recent earnings season has been a day 1 selloff followed by buying the next day which repeated here. However it hasn’t broken out of the recent highs yet
Momentum stocks that could potentially continue their move after pulling back:
TEM 0.00%↑ after recent earnings rally it has pulled back and bounced from the trending 10ema
PONY 0.00%↑ autonomous robotaxi theme stock, has trended above the 10ema for the duration of the rally since lows
Extended stocks to look for shorts in case market does start a pullback:
FSLR 0.00%↑ a solar stock that made a big move last week with a large gap between Monday and Tuesdays session. A further pullback in the stock could fill this gap
QUBT 0.00%↑ quantum stock that squeezed after earnings of only $39k in sales despite being a billion dollar market cap. A further rally would be near exhaustion levels for a trade back down
QBTS 0.00%↑ failed to breakout over $12 on Thursday but then made a new closing high on Friday
ACHR 0.00%↑ up multiple days from initial breakout with gap on Friday
