The Sunday Stalk List | Ep. 17

Sunday Stalk List | Ep 17

Welcome back to The Sunday Stalk List.

Every weekend, I review hundreds if not thousands of charts across U.S. indices, global markets, breadth, sentiment, and intermarket relationships.

And now I’m opening up my stalk list.

The names that stood out the most from my review.

This week’s theme: Same Old Same Old

After ripping through the charts this weekend, more things remain the same.

It’s a Bull Market with offense on the field.

Opportunities are where the focus should be.

Think about it, have you ever seen a football team, while on offense, sub in two defenders “just in case” they throw a pick and need tacklers ready? 

Of course not.

So why do so many investors play it that way?

Yes, some areas look extended, but plenty of others are setting up for their next leg higher.

Offense is on the field… ACT LIKE IT.

Let’s get into it.

$RSP  - S&P 500 Equal Weight 

A solid week from Momentum has people calling the market extended. Truth is, it depends where you look.

Equal Weight S&P says this breakout is just getting started.

$RKLB  - Rocket Lab

Shared it last week, still stalking it. Didn’t break higher yet, but that may change quickly.

A breakout here sets up a strong run. I’m long-biased above $60.

$UBER - Uber 

Months of consolidation look ready to resolve.

A break above $100 opens the door higher. I’m long-biased, adding as long as it holds above ~$90.

$XLI  - Industrials 

Not every area is extended. Industrials look coiled.

I like it long above $150 with some solid setups inside the sector and potential rotation tailwind.

$META - Meta 

Trillion-dollar names with clean charts. Hard to be bearish here.

$750 is my line in the sand. I like adding right here, right now.

$TSLA - Tesla - Zoom Out 

It's crazy when you zoom out how silly all of this Bubble Talk seems.

A chart like Tesla has had a nice move short term, but if could just be getting started when you look longer term. 

Against $400 it seems dumb not to be long. 

My Two Cents 

The market keeps humming.

Many obsess over “new” developments, but it’s really the same old story.

It’s a Bull Market. Offense scores the points.

Be opportunistic.

See you next week.

My Weekly Show - Thompson’s Two Cents

This week was Episode 2 of ALL Gas No Brakes.

20 Stock Setups In 20 Minutes

🚀 Throw it on 1.5x speed and let it rip.

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