We lived a life time in the first half of 2020, what does the second half have in store?
I hate to say that there’s no way that the second half of this year could be crazier than what we have experienced so far in 2020, but the mere statement will likely doom us all to experience exactly something even crazier.
There’s a number of stocks that I have had to take off the watch-list – stocks like Amazon (AMZN) and Tesla (TSLA) because taking positions in them at this juncture is a bit insane from a reward-to-risk stand point. I want to, instead, focus on the stocks that offer the best return for the risk one takes on.
The bullish watch-list continues to shrink in number simply because of how overstretched most of the charts are at this point. Though, if they can get going, stocks like Roku (ROKU) and Home Depot could be setting up for another leg higher.
Here’s my watch-list of long setups I am following:
For similar reasons, quality short setups are far and few between, though I have seen a slight uptick in them in recent days, as there have been some significant divergences emerge on the indices and market internals.
Here’s my watch-list of short setups I am following: