Today in Focus: Sitting Tight

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Market Condition: QQQ Back above all MAs, Short Term Bullish

Commentary:

Quiet morning this morning. Not a surprise considering how busy next week is going to be on a Macro & Micro level. I don’t see anything today that excites me. WDFC had good earnings but it’s too illiquid. CRCL is moving on bank approval news (which is not a surprise to the market) but the chart isn’t right. It feels like a day to sit tight and see what happens with existing positions for now. I remain excited for earnings opportunities in the coming weeks.

SKHY (SK hynix) will IPO today. Let’s see if the market reacts differently to it than it did with SPCX. For those that don’t know this is a major Memory stock that is listing on US Exchange. It is already listed in Korea. Last time I read it was 8 times oversubscribed. This is a good sign for another big IPO.

Over the weekend I intend on making the move to Substack. Hopefully this will be seamless! No action is needed on the subscriber end. A nice feature on their platform is the Subscriber chat function. This is a great compromise between a one way newsletter and a discord type group which I am reluctant to do. I hope to be able to give more clarity on entries, answer questions and also point on stocks that I may have missed on the Newsletter. Feel free to join the discussion below.

Current Positions: APPS, DFTX, BB, ABVX, PENG, WRAP

New: WRAP

Stocks in Play Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}