Get Ready! Sunday Prep (May 23) with RickyAnalog

How I plan to make money this week. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

SUNDAY PREP with RickyAnalog VIEW COMPLETE SUNDAY PREP HERE Alright everyone, it's that time of the week again. I'm watching the following names: $ES / $SPY, $NQ / $QQQ, $BTC, $CAT, $WDC, $UAL, $XLNX, $ETSY, $CVS, $SPCE, $INTU, $JWN, $DKS, $CRM, $DELL, $BIG, $HIBB

BROADER MARKET $ES / $SPY (Daily) Friday we triggered a valid long when we broke over the 5/14 highs. Technical target for the setup is back to all-time highs. Problem is almost as soon as we triggered we sold off and ended up putting in a pretty ugly daily candle. If we lose $4029 prior to heading back to highs, things could get a bit ugly. Notice how price is just pinched between the 20d and the 50d. It actually wouldn't surprise me if we spend a bit more time moving sideways as price coils tightly before making its next move.

$NQ / $QQQ Notice how tech has a similar setup as the S&P but in a MUCH more bearish way. Technically it triggered an attempt to reverse and head back higher, but it ran smack into the underside of the 20d and 50d and rejected. If this were to come back and lose $12915, it very well could send it tumbling down to the 200d and possibly even lower. It's no secret that tech has been lagging for quite a while. It really does need to get some constructive price action soon in order to start looking healthy again.  $BTC Boy oh boy has this really started to fall apart. If you were to look back over the last few weeks of Sunday Preps, you would see all the warning signs were there. This isn't meant to brag, but merely to point out that none of this is done in hindsight. If we head down to around $28k and can't hold, we very well may be in for a $20k test.

LONG SETUPS Strong Stocks Looking for Continuation

$CAT $WDC $UAL

LONG SETUPS Oversold Reversion Setups

None this week

SHORT SETUPS Weak Stocks Looking for Continuation

$XLNX $ETSY $CVS

SPECIAL SITUATIONS

$SPCE - I am anticipating this being a sell-the-news trade on Monday. Hoping it gaps up and brings in chasers. Will be watching for an early push to stuff. If they just start selling it off hard in the premarket I will be looking for pops to hit and join trend.

EARNINGS PLAYS

$INTU $JWN $DKS $CRM $DELL $BIG $HIBB

VIEW COMPLETE SUNDAY PREP

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