Stocks on My Watch List

We are heading into the second week of earnings release for the 1st quarter of 2021.  Stocks tend to be volatile the day before as well as the day of and the days after the earnings release.  No one can predict how the stock is going to perform from an earnings report release.  It's a good idea to lighten up on your stocks that are showing profits when you head into the earnings period.  Having a profitable stock turn into a losing stock from the earnings release is a sin that no trader should ever commit.  Always annotate your stock charts so you are not caught off guard from mitigating the risk associated with the earnings release.

Lots of stocks are currently performing well with the  $SPY  as well as the  $QQQ  that has reached all time highs.  We are in uncharted territory right now and some of the stocks are a bit extended.  It is perfectly normal if these 2 Indexes retrace  3%  to 5%  since they have been hovering along the faster moving 5 day simple moving average for the last 2 weeks.  That would be healthy for the market and it could provide one with an opportunity to initiate new stock positions or possibly add to existing positions that are profitable.

Stock List:

Prices in parenthesis are support/resistance areas.  Please don't take these as my recommendations.  I am watching and monitoring the progress of the general market as well as the stocks listed below.  These will change as the market makes a progress or it retraces.

  

$ASML   ... $627.30

$ATKR   ... $ 71.29

$BPOP   ... $ 71.49

$CLF      ... $ 17.78

$COOP   ... $ 32.44

$COWN  ... $36.31

$DE        ... $379.50

$ENTG    ... $114.00

$GNRC   ... $330.31

$HOME   ... $ 28.44

$HZO      ... $ 49.67

$INMD     ... $ 77.80

$JEF       ... $ 31.38

$LOGI     ... $111.09

$LSCC    ... $ 50.77

$LOVE    ... $ 66.00

$MRVI    ... $ 35.61

$NVCR   ... $179.88

$PGNY   ... $ 50.25

$PYPL    ... $267.66

$RH        ... $619.52

$RILY     ... $ 64.08

$SCCO   ... $ 71.46

$SF         ... $ 65.24

$SNAP    ... $ 60.88

$SQ         ... $252.50

$WAL       ... $ 92.13

$ZBRA     ... $502.85

Good luck trading this week.

Amin Hemani

investorspotlight@gmail.com