Midweek Stocks in Play Report 7.23

Documenting the state of the market and recent stocks in play.

Hey folks,

What a week it’s been. This market continues to find strength even when there is any small amount of volatility. The way things are shaping up, we may start to see a lot of good set ups in indivual names.

Onto the market…

Market Monitor

The trend is most definitely up at the moment. No need to guess where a top might be, just follow the strongest names moving on a particular theme, catalyst, or a leading name.

Individual Names

Some recent notable names that have made big moves off particular news/themes.

OPEN - a turn around story

ETH - recent bottom base breakout.

LCID - partnership with UBER and a 300M investment

ENVX - preliminary earnings report

MP - DoD deal for rare earth minerals

RGTI - halves Two-Qubit Gate Error Rate

RKLB - see chart for news

HIMS - resumption of GLP-1

There is a lot of merchandise starting to pullback and other pockets of the market starting to gain strength. This is what we want to see out of a momentum market.

If you are interested how I trade these set ups, or what names I have on watch on a day to day basis, here is a link to my discord: https://whop.com/stocksinplay/