Which stocks are worth watching this week?
ETF, Stocks

Which stocks are worth watching this week?

I was pretty hyped about semiconductor, software and tech stocks in past weeks. These sectors are taking a breather and started lagging SPX. Sectors that outperform in the last couple of weeks are Energy XLE, Regional banks KBE and Financials XLV.

  • XLF – breakout in the making?
  • KBE – regional banks outperforming as well, this is good for markets.
  • XLE – energy sector strong last two weeks

So which stocks are outperforming within this specific sectors.

Within energy sector we have OKE with nice breakout and consolidation after breaking out, MPC which is on verge of breakout and COP which is a bit overextended,

  • COP – breakout but extended
  • MPC – ready to breakout
  • OKE – weekly
  • OKE – daily

Within regional banks we have three beautiful charts. SBNV, SIVB and ZION all breaking out of 7 months sideways consolidation.

  • SBNV – beautiful breakout
  • SIVB – holding breakout
  • ZION – strong and extended on daily

Among big banks BAC and JPM look ready to break out of bases.

  • Bank of America ready to breakout.
  • JP Morgan ready to breakout.

Out of this sectors I like the following stocks: BILL with pullback to 10 sma weekly after big earnings move, TSLA on the verge of breakout and among large cap stocks NFLX looks good to go after 16 months of consolidation.

  • BILL – pullback to 10 sma weekly
  • BILL – nice move on Friday
  • NFLX – breakout after 16 months of consolidation. You know what they say, the longer consolidation, longer the move
  • NFLX – stock looks great
  • TSLA- have it on watch list if it breaks out

Have a good week and good luck.

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