New Year New Me monthly watchlist
Your Guide to Market Movers and Shakers
Welcome to this week’s edition of “Hot Stocks for the Week,” where we spotlight the most exciting opportunities in the stock market. Whether you're a seasoned investor or just starting your journey, this is your go-to source for setups and trends.
Bias: Downtrend, December was a down month, lets see if the market wants to come down some more.
Top Stock of the Week:
Stock: MCD.
Performance: Closed at $289.89 on prev. month candle
What’s the Setup: 2/1 Monthly Setup with a Shooter of a double tap at prev. high - 3/2/2 reversal on the quarter
Play:
Levels (Support/Resistance): Break UNDER $288.58 down to the GAP at $282.
Stocks to Watch :
Stock: ORCL
Performance: Closed at $166.64 on prev. month candle
What’s the Setup: 3 Bar, Bearish Engulfing – Shooter on the quarter
Play:
Levels (Support/Resistance): Break UNDER $164.55 down to the GAP at $157 then $153.
Stocks to Watch:
Stock: DE
Performance: Closed at $423.70 on prev. month candle
What’s the Setup: 3/1 Monthly Setup
Play:
Levels (Support/Resistance): Break Under $421.46 down to the GAP $411
Longs (Calls, Upside) Plays to watch:
Stock: DLTR – Over $77 up to $81 the $89 (GAP)
Stock: TGT – Over $138 up to $155 (GAP)
Stock: AAPL – Over $253 up to $259 (GAP)
Stay ahead of the market!
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Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making any investment decisions.