September 14, 2022

Stocks spent today catching their breath following their three-standard deviation plunge of Tuesday. The Nasdaq sets itself up for a test of the low of last week.

The two upcoming events of consequence are Friday's quad-witching day where certain futures and options contracts expire, and next week's Fed meeting.

Our game plan has been to tread lightly while initiating some exposure to energy, which has the most constructive patterns in the market.

Recent triggered trades like Cal-Maine Foods (CALM), EQT (EQT), Comstock Resources (CRK), and Enphase Energy (ENPH) have held up well, showing relative strength amid the broad losses of Tuesday.

The Focus List will be updated this evening for some System Seven ideas.

Among the names, the following are believed to be the most attractive for our strategy of speculation in the $13+ market. Click to zoom in.

Ionis Pharmaceuticals (IONS)

Ormat Technologies (ORA)

Honorable mention: Lantheus Holdings (LNTH).

In summation, more attention is being paid to leading stocks at the moment than to the averages. A few set up and are discussed above.

Trading Lessons
Introduction to the service (38:00)
Money management and risk management (20:27)
Bread and butter pullback (11:10)
Bread and butter pullback: Pt II (15:09)
Bread and butter pullback: Pt III (31:48)
Bread and butter pullback: Pt IV (30:16)
Bread and butter pullback: Pt V (1:41)
System R
Short-selling (25:53)
Wyckoff spring reversal (2:30) 
5-minute breakup test (8:01)
Screens (21:03)
The Income Model