The most volatile six weeks of the year begin the week after option expiration in August. We should be able to target some decent entries in that period. While we wait I am not adding any new Watch List entries this week. I would rather not try to catch falling knives. Once they do fall and the market finds support there will be plenty of time to add positions.
Despite that stance, I will be adding Nvidia to the watch list next week. We are closing the existing play on Monday. I will be targeting a trade at $55.
New Watch List Entry:
No New Watch List Entries
Stocks Dropped from Watch List:
No Watch List Drops
Active Watch List Play Descriptions:
No Active Watch List Plays
Emerson was triggered last week and moved to an active play.