I did the work for you. Sunday Prep (Jun 6) with RickyAnalog

How I plan to make money this week. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

SUNDAY PREP with RickyAnalog VIEW COMPLETE SUNDAY PREP HERE I hope you had a great weekend. I'm back with another Sunday prep where I analyze the markets and setup a game plan for what I'm looking for this week as we live stream each morning.

BROADER MARKET $ES / $SPY (Daily) Last week we saw a very orderly pullback to the 20d and an immediate bounce with some beautiful strength. This is very constructive price action and ATHs lay just ahead of us. $4,275-$4,285 looks to be the first area I'd expect to see some resistance if we are to get our next leg up. If we stuff the highs and roll over, there are a lot of levels of support below that would make great areas for us to look for buyers to show up. The first obvious spot is the 20d where buyers showed up last week. If that doesn't hold, we have the monthly pivot right below there at $4,156 and then below that is the 50d at $4,132. I personally don't trade the futures or indices, but merely use them as a way to gauge how to trade the big names that move with the market. If we get extended into the $4,270s then I would be looking for other extended names that are pushing into resistance for possible fades. If we pull back to support and buyers show up, I would be looking to get long strong names that are holding key support levels. Just figured this was worth pointing out.

$NQ / $QQQ Again, a beautiful pullback to the 20d followed by a strong bounce. ATHs within reach and everything looking healthy. Same way I use the $ES / $SPY to gauge how I will trade other names, I use the Nasdaq to gauge how I would be trading tech stocks. It also helps to highlight if there is relative strength/weakness in the tech sector vs the S&P 500. Resistance levels would be the quarterly pivot at $13,924 followed by ATHs. Over ATHs and I would look for sellers to show up around $14,117 at the monthly pivot. For support I would be looking at the 50d, the 20d, and then below that would be $13,065 - $13,085. $BTC BTC is still struggling, no matter what anyone promoting this vehicle claims. Read the chart and stay objective. It's the only way to keep your emotions and opinions out of the equation. Will we break below $33,333 again? If so, we very well may be in for a test of that ever-important $20k level. Please review notes on the name from last week's report since much of it still holds true to this. If it can push back over $40,900 without first heading lower, then just maybe it can steady the ship and try to head back higher. But that's a tall order for the time being. Remember, they just had their Bitcoin Conference this weekend down in Miami and from what I've seen, it was a total clown show.

LONG SETUP STRONG STOCKS LOOKING FOR CONTINUATION Here's the top 30 groups ranked by MarketSmith. Notice it's still a lot of retail and oil groups. Keep in mind, it doesn't mean that these groups are the most likely to go higher. It just means that this is where the money flows point. For example, retail was in the top groups last week as well. But retail was also a bit extended in many names and needed a pullback. Many of those names got those pullbacks last week and look much better this week.

Strong Stocks Looking for Continuation $X From the list above, Dick's really stands out. They reported earnings last week and gave a very nice breakout on high volume. Since the big move, the stock has pulled back to support on much lower volume. I can really see this holding some levels here and then making another big push. The lows from Thursday/Friday are perfectly positioned against the monthly and quarterly pivots. I would either look to scoop some stock risking those lows or if they can't hold there, then I may look to see if it gives an opportunity to scoop off the annual pivot around $94. The other thing that may happen is that it may just push right off the open Tuesday and if it can break above $100 I may look to join trend on dips if they start to hold.    $DOCU At risk of sounding like a fool, I'm putting this on here. Why would I sound like a fool? Well, for starters it was in last week's report in the earnings section where I thought the 200d would be a good spot to try a fade (in fact I DID try to fade it there last week and made a point on ½ and stopped the 2nd ½ breakeven). Secondly, it's in a weak industry group. But here's the thing, I don't care about being wrong, and I don't care about looking like a fool. What I care about is making money. And you would be crazy to not have this on watch when it had such a standout day on Friday with a candle like the one it put in on the kind of volume that it generated. I will 10,000% be watching this for an opening setup on Monday to see if it has more gas in the tank. Could easily see this wanting $250+. Even if it flushes off the open, really think the 200d acts as a good spot to look for a scoop. #LFG

LONG SETUPS Oversold Reversion Setups

$YY Think this name can actually come down a bit more, but won't hesitate to take long setup if it doesn't. If it does wash more, the spot I'm interested in looking for a scoop would be down around $64-$65.

SHORT SETUPS Bottom 30 to find weakness Here are the bottom 30 groups by rank. This is where I want to hunt for weak stocks to possibly short.

Weak Stocks Looking for Continuation $FSLR Two different ways I may look to play this; If we lose last week's lows I may look to join trend on pops. A spike into the 50d/annual pivot point should offer a nice opportunity to fade this.   $CTLT This really looks like it's ready to take a plunge. First level I'm watching is for it to break below Friday's lows. This doesn't give me full confirmation that the move is ready, but it's definitely a start. Full confirmation for me would be if we lose $97.86. Under there and I think she goes tumbling. Will be on watch all week long to see what develops.

SHORT SETUPS Overbought Reversion Setups

None that catch my eye

EARNINGS PLAYS

Click each name for full earnings discussion $MRVL $CHWY $PLAY

VIEW COMPLETE SUNDAY PREP

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