[isatrader]

$TSM from the watchlist with an Earnings related Significant Bar today, as it released earnings before the open.

   

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$SLCA from the watchlist with a new Stage 2 breakout attempt. Earnings coming up on the 28th Jan BMO

   

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$NET former leading stock rolling over at the 200 day MA and at the -2x ATR level. Potential for a Stage 4 breakdown if it can't hold the recent swing low.

   

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$MDB testing Mondays swing low candle and the 200 day MA. Could make an early Stage 4 attempt if it breaks lower.

   

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$DXCM another forming leading stock failing to regain the 200 day MA and rolling over for the test of Mondays swing low. Will change to Stage 4 if it breaks.

   

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$U another formerly strong software stock back testing its 200 day MA and recent swing lows. Again a break below could change it to Stage 4.

   

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The test that I talked about in last nights video is underway. Growth stocks still showing the most relative weakness. So if the test fails and can't hold the recent swing low then I'd expect them to lead the decline.

   

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$TSM could turn into a shortable gap up with a double top if the market weakens further. Open to either scenario at the moment.