The Weekly Selection: 9/18/22

Volume 5

INTRODUCTION:

Hey Everyone,

A bit of a late one tonight, as this past weekend I was heavily involved in a but lets get into the selection. Last week in SPY 0.00%↑ , we saw some bad action into the close. On Friday, we gapped below a key demand zone and closed there. Going into FOMC, this is interesting as it offers us a few paths to close. We could immediately fade to upside and return to 4k, which seems to be a pivotal point in the last few weeks price action. We could also continue the slip down and bid up on priced in/overestimated FOMC hikes. Regardless, here is the chart below:

PAST PERFORMANCE:

Last week, our stock selection saw some pretty poor performance, which is detailed below:

I wont lie, the market for individual stocks looked pretty poor this week. However, for a basket of 10 stocks, to only lose to the market by .10% and see an open to high average at over 8x the indexes, it shows that relative strength stocks are still hot in this market, and can be traded well intraday and short dated swings. ENVX 0.00%↑ was a big winner this week with this in mind.

NOTE:

expect this weeks stocks to watch to be what some might call an autumnal mélange. We have not as many stocks as last week, but certainly some quality names amid the madness. lets get into it.

CHARTS:

ENPH 0.00%↑: is a name I'm sure you've seen a lot this week and this weekend, but its for good reason. Ive been loving these relative strength stocks, and this has to be one of the biggest winners. Solar remains hot, and I will look to trade ENPH.

ENVX 0.00%↑ : A name from the last 2 weeks of selections, Id like to see a bounce here, or a retest of the gap below to enter again. Definitely glad I sold off a majority of this position around $25.5.

WOLF 0.00%↑ : Golden cross on the weekly 50 and 9 moving average. Would love to see this break out of this supply zone to the upside and continue earnings power gap run. I will look to enter this long with shares.

OSH 0.00%↑ has the potential to move out of this supply zone and move to the next around $36. I will look to enter long.

CELH 0.00%↑ : for every week this builds another flat candle, it looks more enticing. I love this long, and I do own shares. The relative strength in such brutal conditions is so impressive.

CCRN 0.00%↑: Strong daily, looking for upside continuation.

One of my favorite twitter follows, @patternprofits found this gem, $PI. solid looking weekly, may take for a swing.

That is all for this week guys. If you enjoyed, Subscribe below!

I appreciate the continued support from my family and friends who read these every week, it means so much to me, even if you don’t fully understand what going on in a lot of these pictures.

Stay well,

Tanner