Every weekend, my "Sunday Portfolio Review" ends with the same rigorous search process. With my market evaluation and portfolio analysis routines complete, I turn my attention to the discovery phase.
This is the fun part. I sit down with all the results of the scans I've been running during the week. I sweep all of my watchlists and run through dozens of charts, sometimes even hundreds. I'm looking at what's out there that I don't own – what's working, what's trending, what's strengthening, what's making new highs and starting to set up for a high-probability trade. At the end of it all, I carefully narrow my list of potential trading opportunities down to a very select group of just 10 names.
This is the list of "10 I'm Stalking".
If you follow me on Twitter (@GraysonRoze), I share out the list of "10 I'm Stalking" before the start of each trading week. You can keep tabs on the names I'm watching each week and the charts I'm stalking as possible trade targets. I'm also posting my charts from that list of 10 here in The Traders Journal, as you'll see below. You can click on each chart individually to see the live version, or Click Here to see the full "Shared ChartList" with all 10 charts at once. If you're a StockCharts Member, you can even save the entire list into your own account.
AYX - Alteryx, Inc.
"Engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions."
CDNS - Cadence Design Systems, Inc.
"Engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP."
DT - Dynatrace Inc.
"Offers software intelligence platform, purpose-built for the enterprise cloud. The firm's platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers' users."
ETSY - Etsy Inc.
"Engages in the management of an online marketplace. Its technology platform allows sellers to manage and scale their business. The firm offers handmade products such as shoes, clothing, bags, and accessories."
LULU - Lululemon Athletica Inc.
"Engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer."
RNG - RingCentral Inc.
"Engages in the provision of global enterprise cloud communications and collaboration solutions. The firms solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax."
SNPS - Synopsys, Inc.
"Engages in the provision of software products and consulting services in the electronic design automation industry. The firm operates through the following segments: Semiconductor and System Design, and Software Integrity."
SPGI - S&P Global Inc.
"Engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices."
SPLK - Splunk Inc.
"Engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics and industries."
TTD - Trade Desk Inc.
"Offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm's products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces."
Chart on, my friends.
- Grayson Roze
VP of Operations, StockCharts.com
Author, Trading For Dummies (Wiley, 2017)
Author, Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016)