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Trading Watchlist
Week of 5.31.20​
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DOW JONES (DIA)
NASDAQ (QQQ)
​S&P 500 (SPY)  & RUSSELL 2000 (IWM)

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Unemployment claims came in around 2.1 million, bringing the running total to around 40 million. 

That's a lot of Americans filing for unemployment.

As the states re-open, everyone is paying attention to the 'recovery' underway.

Based on the charts (specifically, the NASDAQ); it appears as though we will get that very talked about 'V' shaped recovery.

With millions unemployed, civil unrest and a pandemic happening simultaneously; the bigger question is:

Is the rally sustainable?

For context, the QQQ is less than 2% from hitting its all time high of $237.47.  Will the QQQ make all-time highs this week or are we overdue for a reversal?

Take note that the QQQ is up a whopping 43% from March's low. 
Virgin Galactic Holdings, Inc. (SPCE) 
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A premium member winning trade.  We took the trade in SPCE a few trading days ago; based on the history of the stock.  It is a clear momentum play.  This trade added nicely to our bottom line and I believe we can see a momentum run in the upcoming weeks.  

This stock once ran from $12 to north of $43 in a matter of a month.  That's a gain of over 250% in a month.  

​Add SPCE to your watchlist.  
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. 

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.  

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

Place IBM on your short 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.  
Can you do us a favor?  If you got value from this watchlist, please share and help us get the word out.  Thank you for being our lifeline.   

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