Stocks to Watch This Week
Remember that today is a half day and the market is closed on Thursday.
We are seeing light volume on this holiday week, but that does not mean that stocks are not setting up and there are not opportunities to make money.
These three stocks have a ton of strength and are all names that I have positions in.
First is AAPL which closed at an all-time high today. I think it is noteworthy that the stock has such strength despite low volume. It seems like someone is trying to get ahead of the move once volume resumes.
The chart is a textbook breakout and should be on your watchlist.
Microsoft also made an all-time high today. There is not much to say about the chart it is incredibly strong.
It is important to note that money is flowing into the XLK, which has almost half of its weighting in AAPL and MSFT. I expect this name to continue.
Tesla is at a pivotal level right now. You can see that it is sitting right on a multiyear downtrend line.
After deliveries data came out, the stock was strong all day. If it can make a higher high it will have broken this trendline which could lead to an explosive move.
This one you need to watch closely.
I review the current state of the market, stocks to focus on, and review my trade in TSLA from yesterday in the video below: