📈 Stocks to Watch

There are a number of stocks setting up this week after positive PPI and CPI data. I want to walk through some of the names I am watching closely so you can add them to your watch lists.

Indexes

First let’s review the indexes and then we can dive into some stocks I am keeping a close eye on.

S&P Futures are at all-time highs. We had a large move two days ago and digested it yesterday.

I am not worried that we didn’t get another large green bar yesterday because of the progress that we made this week amidst important economic data. It doesn’t mean we’re going to break out, but at the same time, one red day isn’t the end of the world.

The Nasdaq is showing the same. We are above our moving averages and took a momentary pause yesterday.

I wouldn’t be surprised to see continuation today/next week.

AVGO

AVGO is a stock at the top of my list. It just made new all-time highs and looks to potentially be forming a flag under resistance.

This feels primed to break out and is one that I am already playing along with many members of the Alpha Chasers Community.

MSTR

MSTR is another name that I am interested in. It was added to the MSCI World Index this week which is important for the stock. It gives credibility to this name which, along with other Bitcoin names, may not be trusted by investors. This will make it a more attractive option for many institutions.

You can see that we ripped higher and are still holding above moving averages.

I review the indexes and additional stocks in-depth here: