Price-Pulse 📈

Starting off September

Hi all! 👋

Hope you all had a great labor day weekend and are prepared for what lies ahead this week!

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General Market Overview

The general market backdrop has been improving recently as we reclaimed the key moving averages on the QQQ 0.00%↑ along with an improvement in breadth as net new highs have been outpacing net new lows over the last 4 sessions. Also close to firing a green signal here:

MMFD - Percent of Stocks Above 5-Day Average

MMFI - Percent of Stocks Above 50-Day Average

Upcoming Events

Fear & Greed Index

Leading Stocks Analysis

Average: +0.34%

I am linking the leaders watchlist in tradingview for your convenience, here

IOT 0.00%↑ Impressive move here with this 4th earning’s beat and move higher in a row and now +255% off the lows. Would love to see some tightness at the top of this base now before a possible continuation move higher:

Weekly:

SMCI 0.00%↑ Acting well here as it reclaims all KMAs and tightens up below the 283 spot - has a nice VCP look to it:

RIVN 0.00%↑ Pulled back to retest the key area around 19.70 and quickly bounced back higher to reclaim the KMAs - looking for some additional tightness under 23.50 now:

UPST 0.00%↑ Attempting to tighten up here after quickly falling -60% from the highs - watching for a push above this 34.70 area:

60 Min:

BRZE 0.00%↑ Some good follow through after breaking out of this large base with a move above 45:

CVNA 0.00%↑ A +22% move from the most recent setup right above 41.71 - remains a strong name and may setup once again if it can tighten up under 52.67:

AI 0.00%↑ Trying to carve out a bottom after dropping -37% in just 3 weeks - watching for a push above 32 and a reclaim of the 20EMA:

60 min:

APP 0.00%↑ CELH 0.00%↑ Excellent continuation in both these earnings winners:

ELF 0.00%↑ Strong name that keeps trending higher - now tightening up under 140:

NVDA 0.00%↑ Consolidating under the 500 spot as KMAs catch up to price

Average for the week: +11.61%

In the following sections of the daily plan I go over additional research in preparation for the next session:

✅ Individual sector analysis

✅ 4 Scans with results to get stocks with leadership qualities on our radar

✅ Personal Portfolio Update

✅ Stocks currently on my focus list with actionable trade ideas - The best setups from a risk/reward perspective