Pristine Weekend Watchlist 9.17.23
3 A+ Trading Setups
Good afternoon Team,
Context: These setups should always be evaluated through the lens of your overall portfolio risk parameters.
BLOK blockchain technology stocks are the YTD winners, although it is a tight race between BLOK, SOXX semiconductors, ARKK innovation, and IGV software stocks.
On the 1-month timeframe, MSOS cannabis stocks are the standout by FAR. The fact that GDX gold miners and XLU utilities are in two out of the top four slots speaks to the recent rotation into defensive areas of the market.
IGV software stocks were the worst performers last week. Even the strongest groups are getting hit by some selling pressure in the short-term.
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