🚀 Wall Street Radar: Stocks to Watch Next Week
💼 Volume 23: ⏳ Wait-and-See Approach as Volatility Persists
The past week has been a textbook example of a challenging market environment, where nearly every attempt to gain traction has fallen short. In response, we’ve had to take defensive measures, closing and reducing some positions to protect unrealized gains from further erosion. The market has now firmly shifted into bearish territory, with all major indexes trading below their key moving averages. While a bounce could materialize next week, the critical question remains: will it be a fleeting relief rally or the start of a sustainable uptrend? For now, we remain in a cautious "wait-and-see" mode, carefully monitoring the market's next moves.
Looking at sector performance, the energy sector continues to exhibit exceptional relative strength, solidifying its position as the market leader. Alongside healthcare, it remains one of the few sectors posting positive year-to-date (YTD) returns.
(please check our Market Monitor for additional information)
T2118
The T2118 index remains stagnant, showing no significant movement over the past week. This lack of progress suggests that market breadth remains weak, offering little indication of an imminent recovery. While the index has avoided breaking lower, it has yet to show any meaningful improvement, leaving us in a holding pattern for now.
Adding to the cautious tone, the VIX spiked near the 20 level during the week, signaling heightened volatility and increased uncertainty. This development underscores the need for greater vigilance as we navigate the current environment.
T2108
The T2108 index is offering an intriguing perspective amidst the recent market pullback. When viewed alongside major indexes like SPY, QQQ, or IWM, a clear divergence emerges: while the indexes have made lower lows, the T2108 has formed higher lows. This divergence, though not a definitive signal, could be an early indication of an imminent bounce to the upside.
This divergence suggests that, despite the broader market weakness, underlying breadth may be stabilizing or even improving slightly.
Portfolio updates and new positions:
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Each stock in the watchlist will now feature a risk grade badge next to its name, reflecting our assessment based on factors like volatility, share float, technicals, fundamentals, ADR, and more. This badge is designed to help readers gauge the stock's risk profile, providing valuable context for making informed decisions on how to approach it.
High risk: ⚠️
Medium Risk: 📊
Low Risk: 🛡️
🆓✨ Watchlist Essentials: Top Free Picks
TSLA: Tesla Inc 📊
What they do: Electric vehicle and clean energy company
Why watch? ⚡ Demonstrating remarkable relative strength despite market pressure, with strategic support at the 50 EMA after recovering from a 4% intraday decline. Technical analysis suggests compelling breakout potential above the descending trendline with volume confirmation. The stock's resilience in challenging market conditions indicates institutional accumulation.
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PSTG: Pure Storage Inc🛡️
What they do: Data storage and management solutions provider
Why watch? 💾 Impressive post-earnings momentum has catalyzed a textbook cup and handle formation on the weekly timeframe. Strong institutional support established in the $61.00-63.00 zone provides a solid foundation. Friday's green close amid market weakness demonstrates superior relative strength, suggesting continuation potential.
MIND: Mind Technology Inc ⚠️
What they do: Ocean technology solutions provider
Why watch? 🌊 Impressive 21% QoQ revenue growth with strong earnings momentum. New high-tech products showing significant market traction with 2-3 quarters of backlog revenue. Financial momentum is particularly strong with increasing operating margins and a $1 per share annual EBITDA run rate. Technical analysis suggests continuation potential above the $7.45 weekly level after the current consolidation phase.
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