📋 July 13-17 Weekly Watchlist
We have a lot going on this week in the market as tensions continue to boil in the Middle East. Along with a CPI report on Tuesday and a PPI report on Wednesday. NFLX is reporting earnings on Thursday after the market closes. The overall sentiment of the market is going to highly influence the direction of the stocks. It will be interesting to see if the market continues the downward direction that we saw on Monday or whether it will start to regain ground and rally.
1. NVDA
Current Price: ~$203
Bounced off 200 levels on Friday. Looking for a push above 211. Fallen back on Monday. I will be watching to see if NVDA maintains it supports above 200. If not falls below 200, we may see a drop down to support at 192.40
2. TSLA
Current Price: ~$394
Coming off of a good day on Friday, TSLA fell back down on Monday in the 392 range. TSLA seems to have a magnet at 400 so I will be watching to see if TSLA tries to find 400 again or breaks back down to the 380s again.
3. SPY
Current Price: ~$750
SPY came off of a good end to the week with a push up to 755.65. On Monday, we dropped back down slightly below 750. I will be watching to see if SPY tries to find lower support back at 745 levels or whether it has the strength to push back up and re-test all time highs at 760.40
4. SPCX
Current Price: ~$138
SPXC continues to fall after the IPO launch. 150 has proven to be a strong support for the stock, but on Monday we fell down to lows of 136 levels which is new territory for the chart. I will be watching to see if the drop continues and how far this can go, or whether we get another push back up to the strong support level at 150.
5. NFLX
Current Price: ~$74
NFLX is reporting earnings on Thursday after the market closes. Coming off of a recent stock split, it will be interesting to see if we re-test lows of 70.86 or push back up to the 80s range, highly based off of earnings performance.
Educational and informational purposes only. Not financial advice. Trade at your own risk and always use proper risk management.
