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Trading Watchlist
Week of 5.25.20​
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DOW JONES (DIA)
NASDAQ (QQQ)
​S&P 500 (SPY)  & RUSSELL 2000 (IWM)

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The stock market is up about 40% from March's low.  While the recovery might not be "V-shaped"; there's a possibility the markets might edge a bit higher heading into the warm months.  

We have traded the markets several times (both long and short) within the premium member community and will continue to look at it with objective eyes. 

Trading essentially what is before us.  
Spotify Technology S.A. (SPOT) 
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Another successful trade we took in the premium member community. 

SPOT has traded within a channel for the past 2 years and finally broke out of that channel last week. 

If SPOT can sustain this current break; there's huge upside potential for this stock, IMO. 

Place SPOT on your watchlist.
International Business Machines Corporation (IBM)
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I have always maintained it is far easier to go with the overall trend.  For IBM, the stock has been in a steady decline since topping out back in 2013 around the $250 level.

​To put that in perspective, for the last 7 years the stock has been in a downtrend.  Because of this, we went short IBM several trading days ago in the premium member community.  We were in profit almost immediately and with last week's sell-off; we found ourselves up double digits in no-time.  

​Unless IBM can reverse course and directionally start a new trend, I see more downside.  

Place IBM on your short watchlist.
Hertz Global Holdings, Inc. (HTZ)
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On Friday, the Wall Street Journal (WSJ) reported that Hertz is preparing to file for bankruptcy.  The stock lost over 40% at one point in after hours trading on Friday on this news. 

On Sunday, we found out that Hertz did indeed file for chapter 11 bankruptcy.  

How will this news effect share price when the stock resumes trading on Tuesday? 

We will be watching. 

Add Hertz (HTZ) to your watchlist. 
Walmart Inc. (WMT)
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Realizing that Amazon (AMZN) isn't the only play in town.  We felt Walmart, among others, is a potential play to benefit off of individuals being quarantined in their homes.  In conjunction; the technical chart offered a good set-up.  

We entered this trade a few trading days ago and saw profit almost immediately.  Despite the stock being up over 10% in such a short period of time; I think we can get close to $150.  

Place WMT on your watchlist, I can see more upside.  
Groupon, Inc. (GRPN)
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We took a long trade in Groupon a few trading days ago.  I believed the stock was poised to, at minimum, double in share price.  Since entering this trade, premium members gained close to 100% in gains.  The stock has since pulled back but despite that, I do believe, this stock will once again continue to trend up with the right environment.  Place Groupon on your watchlist, it can potentially double from here.  
Philip Morris International Inc. (PM)
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We went short PM in the premium member community several weeks ago and looking to put on another short trade.   The stock has been in a technical downtrend for several years (3 to be exact) and while the stock has collapsed with the overall market; we believe there is more downside left.  Place PM on your short watchlist.  

​We remain short PM in the premium member community.  
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