How I Find A+ Swing Trade Setups — Live Market Analysis & Top Themes

[00:00:00] Speaker 1: welcome everybody to another live market analysis video that we're going to be doing and webinar of course that we'll be doing here in the dv platform i'm going to be walking through my full weekend routine i've done no prep work so this is completely from scratch we're going to talk the overall market health we're going to talk rotation we're going to talk how to identify leading and developing themes we're going to go through screening in deep view the key screens that i like to use and my process crucially from going from screening to building a watch list to building a final focus list a lot of people have questions about you know how do i go from my universe of stocks to you know 30 high potential ones down to a watch list of you know 10 or so key names to watch early next week that kind of funnel process is what you should be thinking of and it's a crucial part of kind of your routine in the chat right now has anybody attended previous ones of these let me know and did you find it useful did you enjoy it hopefully it helps kind of give you some ideas for your own process everybody's routine is going to be a little bit different but my goal is to at least share my process how i do things uh so you can get a sense of how you know you can make your process that much better um all right a lot of people are saying very helpful so awesome great great to hear um and yeah we're going to obviously be talking current markets right now but i don't want you to just think about current markets if that makes sense i want you to kind of extrapolate what we're talking about to a larger procedure uh you know trading is uh and building a trading system is all about establishing processes that help you consistently identify opportunities and identify you know the overall environment how likely are those opportunities uh going to succeed and different setups are going to work well during different circumstances i posted this on twitter earlier but this was the start of the market cycle here where we gapped up above the 21 ema and it really got started back in here um under the surface uh with with some of the semi names but the market cycle the current uptrend really kicked into gear right here and early in uptrend sorry i just had uh need some water here early in an uptrend this is where breakouts are thriving nobody is expecting gaps and breakouts to work and when there's a natural boost in the market where breath expands early in a cycle it lifts all boats so that's where we get follow-through and follow-through is key for buying breakouts buying range breakouts and um you know having those succeed and get away from your price your your buy price as soon as possible so that's when breakouts thrive later on in the uptrend there's still going to be opportunities for breakouts after short consolidations um and you kind of break out to new highs around this area on this turn you know there's gonna be pullback spots here here as well but once we get a little bit later in the uptrend and we're kind of you know in in the later innings here we've kind of started another consolidation process really since around june 3rd so a few weeks into this now once we get more volatility more chop gap ups gap downs um this environment is much less conducive to breakouts working because there's not much follow-through to get follow-through you need the market to be trending really um but during this type of environment there's going to be a lot of good pullback opportunities where we get a little bit stretch the downside we get an extension lower and then we have upside reversals or positive expectation breakers at key levels in key names that are holding up better than the market or in new areas new themes uh you often see a lot of rotation during a market like this so again uh the higher higher concept that i i want to kind of start off with is breakouts work great during a new market cycle those first few weeks and selective spots during an uptrend but once we get into more of a consolidation you can see the deep view uh pattern rack recognizing the base here once we get into a new consolidation um it's best to be selective first and foremost but also focus a little bit more on pullback spots because you don't have that natural breadth expansion that helps you know let breakouts work um does that make sense let me know in the chat is that's a new concept for you or is this something that you kind of you're discovering in real time uh during the cycle let me know in the chat here um and right now the market's doing nothing wrong a consolidation is a natural part of the process this is a eight percent deep consolidation that's pretty much textbook that's right where we typically are we're still above that 50 sma we'll see if we need a little bit more time here to build out if we eventually break below the 50 sma uh but right now we had such a strong you know april into may here uh this is where progress is made this is where it's a time to keep the pro the you know the the profits that you made uh consolidate you know take a little bit of time away if uh if you don't like summer trading um and just focus more on the next set of opportunities what will be the next themes to really excel um and and we'll talk about semis we'll see if that theme uh still has legs for sure uh you know they're still in uptrends for sure um but after consolidation like this uh and the longer the consolidation happens the greater the opportunities on the other side you know this chop back in here uh let me know a show of hands or just say yes in the chat did you get chopped up a bit in this in this period here uh late last year or early this year let me know did you get guys get chopped up all right yes a few yeses in the chat yeah but this was this is 119 days of consolidation we had chopped to start with and then we finally got kind of a negative catalyst that allowed the market to sell off and that set up this amazing move here in april and may so the longer consolidation goes for the better the you know strong opportunities for a great trend lie on the other side so um you know welcome consolidations they're part of the natural market cycle and uh just as a as another aside how do you determine the market cycle um i use the 21 ema which is this black line right here that's kind of my guide um obviously a 30 sma would work a uh 20 simple sma would work whatever works for your time frame um but for me the 21 ema is kind of my guide and when we pop above the 21 ema that kind of starts the cycle and then very simply when we start to close and and sell off below and into that 21 ema it tells me that the character of the market has changed a little bit i have to kind of respect that as a trader don't trade as i was during you know quite as aggressively as i was during this because the shift goes from making new progress to keeping you know what i made and step you know stair stepping higher uh that's the goal with your equity curve during uptrends make progress and during you know corrections chop consolidation phase you know keep that drawdown within a manageable um level you're never going to prevent drawdowns completely uh but if you keep it you know near 10 15 um that's pretty darn good because it's pretty easily it's pretty easy or relatively easy um once once you know what you're doing to make that back quickly during a new uptrend so the closer you can keep to those equity curve highs the easier it is to you know both mentally and financially to make new uh highs once we come out of a consolidation pattern so high level right now um and i should have started with this the first thing i do as a part of my weekend routine is take a look at some key index etfs i look at the queues i look at the iwm to get a feel of those smaller cap names i look at ibid just kind of because i'm interested and it's kind of risk on risk off but not quite it's kind of uncorrelated at this moment um and then i also look at kind of the leading uh thematic etf of the market cycle and for now it's smh for semis so again we're starting here with the qq the first thing i look at is you know are we trending or are we consolidating right now we are consolidating we're under this key level we're in a base and we're below the 10 and 21 ema just first and foremost when we're below the 10 and 21 ema is it time to be more selective and more on guard more defensive for sure and that also couples with you know have we had gap downs recently is there an unfilled gap have we gapped up and then sold off um you know there's you want to look at kind of short-term patterns and see you know are we strengthening as a whole or are we weakening um and again overall consolidation we're testing that 50 sma that's a key level that we want to see it respect but we are below that 10 and 21 ema so that tells me to be a little bit more selective and just keep that in mind when we're in a trending environment where we're trending above the 10 that's the best environment for breakouts swing trading all that to be aggressive especially when it's above the 10 and 21 and 50 all lined up like that but when we start to get those moving averages consolidating with price that's the time to take the foot a little bit off the gas you can still take those opportunities but you want to recognize that maybe you're not using as much position size or trading as many positions as you were during this period so again the first thing i do is simply are we trending or consolidating where are we with respect to the moving averages and how do how does that kind of inform how aggressive i want to be as a result and we're starting here with kind of top down analysis we're looking at the index level we're going to look at the themes then look at the stocks last but i do a mixture of top down analysis and bottoms up analysis so as we go through it i'm not only letting the index etfs kind of inform my thoughts on the market we're also going to look at the individual stocks themselves because often those are a leading indicator but i think it's very helpful to look at both ends of the spectrum and kind of meet in the middle do both top down and bottoms up analysis and get the most of both worlds uh sorry the best of both worlds um and you know some people say don't look at the indexes i think they're fantastic for overall analysis are we trending or consolidating um and especially for people who don't have much time you know top down analysis is much quicker process and you can get a great feel for the market just by looking at the qqq every day and ask are we trending or consolidating is recent price action positive or negative and that's a great way to kind of do things okay so after the queues i'll look at the iwm this is the russell 2000 etfs it gives a better sense of kind of what smaller cap names are doing and we are seeing rs uh from the small caps right now which actually you know a lot of the names we trade are smaller cap uh but recently the best performing names are slightly bigger cap um so you know this just tells you that those smaller caps are doing a little bit better um the qq obviously is very mega cap weighted and the mega caps do not look good right now to say the least so that's dragging that whole index down um so it's good to get this perspective of the mid caps as well uh then i'll also look at ibit um you know before this is more of a risk on risk off indicator um but you know right now it's doing its own thing and just you know in um a longer term stage one slash stage four and short term we're seeing extension down uh and you know i'd be interested to see you know do we um really progress below this low we're kind of seeing an extension down into a key level so there's potential for a trend change um but it's going to be a process and this is by no means a leaning theme as at this moment it has to get above all the moving averages and really kind of build out this stage one and look to you know break out into a stage two and that wouldn't really happen until we test this level and get it back above the moving averages get back above the 200 day moving average uh then we can start a new stage two but right now we're just seeing a potential shorter term trend change and we're still below all those moving averages uh let me know you're in the chat right now any thoughts on crypto that trend uh anything you guys have been eyeing but that's kind of how i interpret uh this chart uh then lastly as i mentioned um smh has been the leading theme again very similar to the qqq this is when the trend really got going here on this breakout to new highs on april 8th and we've basically been trending above the moving averages since and we're still in an uptrend because we haven't really had um two definitive closes below the 21 ema um but if you look at the character of this etf over the last two weeks or so it's much choppier it's wider and looser look how clean and orderly this was back in this area and even this consolidation it pulled back tightly to the 21 ema responded immediately here we're getting big volatility bars um you know negative closes you know gap downs uh gap ups that got sold off and then sold off the next day so the character has change a little bit for this and i don't think this quite has the short-term potential um that it did back in this area that does right here or intermediate intermediate term potential um but we'll see this is overall in more of a consolidation and we'll see if it can build out tighten up again and then get going uh but that remains to be seen uh down below here you might have noticed i had the defu net new highs new lows uh this is just kind of confirmation for me uh price and volume or just price really on these indexes is the most important thing where are we with respect to the moving averages uh but you'll notice that great trends start with a burst of new highs um and you know you actually have new highs back in this consolidation here um but we want to see that on the start of a new uptrend and often during the worst period of a correction we start to see extremes and new lows so that's how you can use that indicator here in defu excuse me and then later in a trend i don't pay as much attention to it uh just because it's more about how the individual stocks and leaders are acting um personally okay so that's a look at the um the index etfs and this is basically a dashboard guys by the way uh that i have set up specifically for analyzing the market health um as a trader we have kind of three main things we're doing we're analyzing the overall markets we're analyzing themes and you know finding the leading stocks and leading themes and then we're discussing you know we're finding those market leaders we're finding those next trade opportunities so again market themes stocks this dashboard and each dashboard i create has a specific use this dashboard is for analysis of the overall market so i have a watch list uh with those key index etfs i've got stage analysis on those etfs i've got new highs new lows so this is a specific indicator template and dashboard designed for market analysis and this is the very first thing i review every single day every single week to get that overall sense of again are we trending or consolidating uh so that's the um that is the market analysis component the next thing i do is take a look at the themes themselves so in dfew we have the theme tracker and i'm going to bring up my theme tracker with dashboard so this dashboard its goal is for theme analysis that's kind of a step lower below market analysis and the theme tracker is this over here on the left hand side let me know in the chat uh are you guys familiar with the theme tracker uh do you guys use it uh do you guys find it useful let me know in the chat right now um but this is the theme tracker here we've basically got a list of tradable themes and we'll see rotation between them in different market cycles some will lead some will you know lag that's just the nature of the game um so yes these are there's a list of these key themes then what we have and it's it's very simple but very effective um is you're able to look at the performance of those themes over different time frames year dates three month one month one week and a daily basis and daily you can either look at um since the prior days close or since the open of the day and i'll talk about when i use each uh in just a minute but let's start with one month this is probably the best hack tip uh strategy you can use if you're someone who doesn't have too much time to do the routines maybe you work full-time you're not able to trade full-time um which is probably likely the most the majority of you um this theme tracker with the one month view is your ticket to finding rotation before everybody else you know uh and have kind of that in anticipation and uh know-how of where the puck is going uh and where you should skate to so if you put this on a one-month view again it's ranking all the themes based on performance the top five to six themes here so right now genomics airlines home construction biotech healthcare banks and cyber security those top five six seven themes those are your existing leading themes that's where the opportunities are right now that's what's been working so that's a place to fish and with the theme tracker you can actually click into any of these themes and let's do uh let's do cyber security you can click into that theme and this is basically a watch list you can space bar through just like you can any uh in any watch list you can review their chart on the right hand side because i have uh the theme tracker here on the left and the chart on the right and by the way if you're using dfew this is a preset go down to this drop down menu go to dashboard presets top traders and then this is called um theme tracker with chart so this exact setup you can use and load in about five seconds um so again this acts as a watch list so you can literally use this and space bar through and if any of these names are interesting you can go ahead and click their logos and add it to one of your colored lists or add it to another watch list so this is a great way to do top-down analysis then looking at the themes themselves and then looking for the setups within the themes so again taking a step back you've got the top five or six themes right now here in this list you can go through each of these leading themes and space bar through look at their charts and if there's a setup like this one is is testing ipo base here you can add it to your watch list and look for an opportunity to get in so that's a great way to do top-down analysis those are the existing leading themes like i said the top five or six here but if you want to have even more of an advantage of what i would say is you should on a daily basis and this would take you know not that much time at all you want to switch from a one month view to a daily view and either using since the open or today so today is from the priorities close since the open is since today's open or the daily open and the reason that you might want to look at one versus the other is to get more of a sense of the true nature of rotation so rotation happens each day there's going to be money flow into themes out of themes and what we're trying to do here with a daily view is track where rotation is flowing over the past three four five days last week what themes are getting flow into them and we've got two options like i said the daily view and then the since the open when i would use the since the open is when we have a big gap down especially and then you're seeing where's the money flowing after that opening price so it's excluding that gap down and seeing kind of the true nature of rotation throughout the day um the daily view is kind of useful in all other situations um and you know even if there's a gap down you might benefit from seeing you know what stocks are what themes are acting well just net net since the close so i look at both of these um probably for the most part i use since the open as kind of my my default um but both are very useful uh so like i said the one month view is for the existing leading themes and then the daily view either since the open or um or just uh today from prior days close um that's how you spot developing themes and how you do that is you look at the the daily view each day and you look for themes that are not in the existing top five six eight themes on the on the one month view and you look for themes that consistently over the past one two three four days are in the top here so those are basically themes that are strengthening and right now we're seeing software uh genomics health or cyber security social media biotech gold miners so there's a few uh themes in here software especially that um you know you know yesterday we're a lot stronger and we're seeing a lot of strong moves here so it's actually a great time to be doing this webinar because we're seeing in the software names a strong push on friday when the overall market was weak so we're seeing rotation into software uh so if that rotation persists uh that means that software is a great place to fish for new trade ideas uh whether a swing trader or position trader uh go through this list space bar through uh look for setups you know a lot of these popped on friday uh that means that they should be you know on watch and reviewed uh for the next kind of tight area that forms the next breakout that forms a lot of them are moving off lows here so likely they'll actually have a few additional spots a few additional breakout opportunities a few additional pullback opportunities if this theme really becomes a leading theme so again just to summarize a one month view the top five or six names are the existing leading themes that's a great place to fish in and then in addition on a daily basis as part of your team look for themes that are strengthening standing out that consistently are in the top here and they aren't yet in the top ranks here maybe they're climbing those are a great uh place to fish as well and find you know setups before everybody else um does that make sense do you guys use a similar process here um was this helpful let me know in the chat what do you guys think uh someone asked uh what is the main way defu pays for itself i think um themes is a big one um everything we have designed is specifically for momentum growth stock traders from uh seeing earnings data uh our screening capabilities our advanced screen capabilities the combo watch list you can combine screens uh there's a lot of features that help save you time so if your time is valuable to you uh dfew is a great place to go if you're a growth stock trader and um you know looking for a software specifically specifically designed for you um and let me know in the chat are there a lot of dfew members in here today let me let me know if you guys use dfew um and if you guys find it useful all right we got a lot of dfew members awesome good great to see you guys thank you so much all right cool so that is the themes so what are the leading themes right now so our existing leading themes and we've seen this rotation i've been uh calling this out on on twitter as well as in the the trade lab uh genomics biotech those have been the strongest themes over the last month or so you know genomics a lot of these have already pushed quite a bit you know they started showing themselves back in this area i actually added to my leaders list lly and a few other representatives to kind of track that rotation but joe genomics airlines home instruction biotech healthcare banks and cyber those are the existing leading themes and then some developing themes to keep an eye on uh software and then you see a few of the same so genomics and healthcare continue to be very strong cyber also strong as well social media popping up here a little bit so really software is the developing theme to keep an eye on and like we said this is a really cool time to be doing this webinar because we're clearly seeing that rotation in the theme tracker into software late last week okay so once you've determined the key themes to watch and i would kind of write this down um uh each each weekend or each day that you're doing this you just write down the top five themes here six themes here so genomics airline home construction biotech healthcare banks and then also write down um the daily view software because that's kind of the developing theme that you might that might catch your eye um so write those down and then as we go through the rest of our process looking for setups um then we can keep that in mind and be laser focused and pay more attention when a stock that we're looking at and has a great setup is in one of those leading themes this is how you find leading stocks in leading themes and that's the whole name of the game going back to uh livermore wycoff darvis o'neill uh minervini all these top top traders market wizards look for leading stocks in leading groups and leading themes and this is the best way to do it and i think this theme tracker is especially well suited to people who don't have that much time to do it because again it takes about five seconds to look at the top five themes here and then a few more seconds to review the developing themes over here on this so this is the second thing i do and this is the theme tracker of a chart this is a great dashboard to open to have that workflow where you can dive deeper into software spacebar through just like a watch list and click the logo if you want to add one of these to a um a watch list like that um but i've also got another setup just called theme tracker and what i have here and what i usually have is um i have two theme tracker widgets because each of these is an independent widget um on dashboard you have full flexibility to add any of the apps that we have here but on the right i've got the one month view and then on the left i have the daily view so this is a very quick way to again leading themes existing leading themes potential developing themes so i like having a dashboard with both these set up at the same time so very quickly i can see what those leading themes are because again this is the whole name of the game and this is another preset by the way um called uh duo theme tracker so right here duo theme tracker so go to the drop down dashboard presets top traders uh and then richard moglin uh duo theme tracker make sense cool all right so we've done our market and our high level market analysis looking at the index etfs we've determined where uh we were in a very strong trend right now we're consolidating um we've seen some rotation here uh you know what was leading was the semiconductors that was the top theme uh for quite some time in this theme tracker and i saved the theme trackers kind of each day in my trade lab report so it's very cool to be able to go back and see the rotation as it progresses throughout those reports those daily reports you know semiconductors are the way down here um that we're just basically seeing in these theme trackers the rotation into genomics biotech airlines home construction outside of semis for now that doesn't mean that's going to be the case forever but that's what we're seeing right now that's the that's what the money flow is right now okay cool so we've done market analysis we've done uh theme analysis the next step that i do is i have a watch list and i'll maybe go ahead and save the uh share this in the chat as well uh i have a watch list called leaders and megas and it's now june it's almost july uh so let me go ahead and just rename this um i'll rename this june and then i'll change it next week but uh there we go so this is a watch list that i keep called leaders and megas june uh and just the month the current month so basically the current leaders so what i have in this watch list is i have the mega caps and let me clear the sort from tesla down to now spacex and then what i have here and i'll probably need to update this a little bit is i have the theme leaders so this top section is just the mega cap so tesla meta microsoft apple amazon google that doesn't change unless there's a trillion dollar ipo like spacex so this hasn't changed in in years and now uh we've added spacex here and then down here this is the part of this list that does change week to week month to month cycle cycle you want to keep in here kind of representatives of key themes that you're watching so i've got some genomics down here i've got cyber software here i've got some ai dentist data centers i've got a lot of semi names because that's what was leading um i've got a little bit of space in here as well and semiconductor hardware as indicate mu these each are kind of representative of a leading theme in the market that has been powerful so this with rotation will change a a little bit you don't want to be too quick to remove leaders even if their theme isn't completely in vogue right now uh because there can just be simply a pause in that theme and then rotation back into it you know the next few days the next week whatever so i don't change this list too much but as i see clear rotation and rotation into what i consider a durable theme um then i'll update this list and add representatives so as i saw genomics biotech setting up you know if you look at uh xbi there's another thing i looked at i saw this big base um you know setting up back in this area uh these are auto drawn in by the way these pivots um as i saw this setting up and breaking out uh that's when i decided to add to this list ly txg just to get a little bit more perspective on those names uh and i'll probably be adding a few more genomics leaders and biotech leaders uh because there's been a lot that's you know worked really well i think twist uh is a name that i might be adding here so i think about what were the leading themes i'm seeing in the theme tracker and then how i decide what stocks to add to this list because i get this question each time i think about what are the best liquid high potential names that represent that theme well what are the top two three or four names that i want to add to this list so for semiconductors you know you've got amd arm dell marvel intel um those represent that semiconductor theme really well uh for the memory names sndk mu those are the the clear two names to put in even though there's some other options but those are the leadership quality names so you want to think about liquidity you want these to be very liquid and you want them to be you know very very strong and something that you would want to trade so it's got to have high potential it's going to have decent adr of you know over 3.5 percent um like i said very liquid so um likely at least over 50 million dollar volume is what i like to add to this list um and then again you just you want to think of what are the top representatives of a theme that i want to put on this list so this is a subjective list every trader is going to be a little bit different based on what themes you're focused on um but i think that overall process of thinking what are the leading themes and what are the representatives i want on my list from each of those themes that's how you build uh that list step by step um so let me actually go ahead and um i'll share this so leaders and mega caps let's see leaders and my caps june i'll go ahead and share this list i'll copy this link and i'm going to drop this link in the chat so anybody who's using dfew can just go ahead and click that and load it up so let me know if that works in the chat guys so i just dropped that link and you should be able to just load that all right cool all works cool cool so yeah that that's a cool thing by the way you know if you're in a training group and whatever you guys can share watch lists back and forth you can share screens all that um so definitely make make use of that that share link again you just have to go to it in the drop down click the three dots and then click share and that creates that share link for you okay so again this is my uh theme list so each day i'll go ahead and spacebar through each of these names and as we go through these names i'll give you kind of my raw thoughts as they come into my head i don't know if it's going to be formed clearly but it's going to be my raw thoughts so tesla longer term consolidation um not a focus below moving averages a good push on friday so potential for a base low to be in this is a key low but needs to get back above the moving averages and tighten for me to be interested at all from a training perspective uh meta just in a downtrend again needs to get back above the mas microsoft again pointing to that software theme so you see how these things connect we're looking at the theme tracker we're looking at the leaders from each theme and then we're going to look at individual stocks themselves and when you see you know commonalities in the trend and price action that tells you to pay attention to a theme so this to me we've got extension down big push up on big volume um this tells me software is kind of waking up a little bit to keep an eye on software so again below all mas below 200 day moving average but potential short-term trend change here that could turn into an intermediate and longer term trend change we also have um an undercut of this key low so it's amazing how it's extension downs uh and reversals happen at these key levels so keep an eye to the left of the left of charts so again this just tells me software waking up a little bit apple um negative very negative bar here and then what do you guys think about this bar very negative bar here but you know we're holding we're not making much progress to my eye below this close so to me this just looks like the start of a base and for me like to my eye having looked at a lot of bases this would need time to build out and set back up so even if this is the low it's going to need a little bit of time it has to get back above the moving averages maybe we shake lower and test the 200 day moving average one more time uh but we'll see how this plays out um and uh obviously there are some catalysts in here that causes price action the the price increases all that um so we'll see how all that all those callus get interpreted by the market and it'll show up in price and volume action amazon basing below the 200 day moving average trying to reclaim it a little bit again just needs to get back above the moving averages google below the moving averages i thought this was holding up better than most and it kind of was uh but we're at new lows and we'll see how we act uh next week if we can get back above the moving averages nvidia basing looks to test the key 200 day moving average level uh but again below the short-term moving averages need to get back above those and then spacex the ipo uh very tight and again for ipos if you guys aren't aware um i like to change rmv from 15 to 5. rmv is just an objective measure of relative measured volatility and right now on rmv5 basis we it basically confirms objectively what we're seeing with our eyes this is very tight so this likely expands to the upside or to the downside next week unfortunately i don't have a crystal ball i don't know which way it's going to expand uh but i can almost guarantee even though i'm not going to guarantee i highly think it's going to expand next week one way or the other just by how tight this is relative to recent price action and we'll see if we can push up and form an ipo base or if we have more pain in the future so again no guarantees i did not say that word but likely this expands next week based on how tight this is and that's what's helpful about rmv is it tells you when to focus on a stock it tells you there's likely going to be expansion and expansion in reality is what we're looking for as traders because we want uh price to get as far from our entry point as possible to build that immediate profit cushion immediate profit cushion gives us options it gives us ability to absorb natural fluctuations so that's why trading tight areas is is is helpful because if we get immediate expansion we're getting immediate profit and that allows us to move up our stop to break even quickly uh take a little bit off if that's our style um so that's why i like trading tight areas just to complete aside so for swing traders uh day traders uh this could be in play for next week for an expansion move again this is a new ipo very volatile so you don't you want to more date this than think about marrying this stock right now because this is the ipo boom phase we'll see if it forms an ipo base and all that but recent ipos they can make great moves but they're very short-lived so you have to be quicker with your um with everything your your entries as well as uh your exits more prone towards selling some into strength locking some in all that so uh spacex one to watch for short-term traders next week because we're likely seeing expansion um okay so that's spacex um let me bring back just my or my normal rmv so sndk a very strong trend the strongest stock in the market uh but choppy last week we had the mu earnings uh negative action friday but it has not broken the 21 ema so benefit of the doubt until it breaks below that 21 ema but you know for me to really be interested in this name it needs a fresh base it needs a fresh tight area pull back to a moving average where it tightens and looks and you know gets eyes eyeballs off of it all that so um analysis is trending looks decent short-term choppier and uh more volatile mu basically a mirror image again you have that callus next week the greatest earnings report ever seen um and but it's later in its trend everything's in context if this report happened here in the space and we gapped out out out of it that would be the number one focus for our style of trading but in context this earnings report has happened um when it's already a little bit longer in the tooth with its trend so one to keep an eye on for the next kind of setup but again not a huge focus but overall trending above the 21 ema uh be this is one to note of uh this has obviously been one of the best stocks over the past few years riding that kind of ai energy um wave but we had a key downside reversal and fall through down um so negative action i think this got um this got removed from an index i i believe um but regardless you know price prices news we have a downside reversal at the pivot that's your warning sign if you're trading it from this um undercut and reclaim as well as you know at the 50 sma um likely you're taking some off uh you know maybe you took some off into strength right here you're taking a little bit more off here and then getting kicked out of the last bit uh here uh but you know this is a pretty significant decline and to use this measure tool i get this asked a lot i hold shift click and drag and that allows you to measure and see price performance uh from a point so that's what i'm seeing so this is a 30 drop in two days that is significant and to me uh with the failed breakout it suggests that we need a little bit more time here uh and to be cautious around be unless we you know have a stick save and we have a pause x breaker we reclaim here uh but it needs to form up again for me for my style so uh we'll see how be acts rklb uh just you know below mas i'll probably remove this from the um theme leaders here recently or sorry uh in a few days unless the theme really uh wakes up if spacex rallies i'll keep this on to watch it uh but this theme you know was one of the best leading themes during this this time here with pl as well um i kicked that off you know a few weeks ago but this is now below all the moving averages but sometimes it's good to keep leaders on your screen to monitor those themes as well so rklb below mas we have extension down a little bit of consolidation here so potential for a trend reversal if spacex goes this probably goes as well um but you know we'll see what happens with rklb uh docking a little bit too tight for too long here now below the 50 sma we'll see if it responds next week intel tightening uh near this pivot so holding up reasonably well um and a little bit tighter than sndk and mu and very tight day so we'll see if we can get some expansion early next week whether it's the downside or it's the upside uh marvel very strong stock again i'd like to see it tighten a little bit more within the space it's it's on the 21 ema so we'll we could see some response here but look at this bar what do you guys see in this bar let me know in the chat let's see what do you guys see about this bar tightness tight right so it's got a smaller range than normal and tight open to close but we've got a gap down but we gap down and held so there's potential for more expansion early next week whether that's to the downside or the upside but we've got a little bit of tightness here to keep an eye on here with marvel amd looks pretty good and there's a range pivot that's automatically being drawn um you know can watch for expansion early next week uh we'll probably add that to our watch list later amd arm and by the way this theme leaders list uh in my regular screening when i'm actually thinking about new setups if i see a leader even kind of close to setting up i want to add it to my list because these should always be the priority existing leading themes uh existing leading theme leaders should always be your priority for entries because they have the most potential that's why they're on this list they're the leading stocks in the leading themes um so definitely check that out um also i see some questions in the chat if you're if you're looking to join dvue uh shoot an email to hello at dv.com and ask for the webinar offer and we'll make you a great deal so again if you're interested in joining dv you're not already a member uh email us at hello at dv.com and mention the webinar offer and again we'll make you a really good deal to check us out and try us out uh so again uh and let me know if you need me to repeat that uh maybe i'll drop it in the chat um hello at dv.com so that's the email um to basically uh communicate with us that you're interested in and trying it out and definitely definitely recommend checking us out okay so here's amd again arm just consolidating overall below mas uh dell on the 21 ema we'll see if we can get some response here mxl um looks interesting for next week so we're moving a little bit higher so i i'd love to see an upside reversal tight day here uh but you've got a little bit of tightness and we're drawing that range pivot automatically and this short-term setup is within the context of a larger basing pattern so this is a 22-day consolidation we're setting up below these pivots so this would be one again that we'll probably put on our watch list for later as well nbis gap down holds but below that 21 ema looks a little bit weak and wide and loose hut setting up a little bit within this base uh crowd all these kind of popped late last week they're on my watch list uh the day before uh loi look at this expansion so again we're seeing genomics biotech that theme really excelling and you can see also the uh geeks classification down here in the watermark you can see what themes each of these are a part of as well um and txg just trending nicely as well so those are the theme leaders overall we're seeing the semi names consolidate at varying at varying points in their consolidation we're seeing space a little bit weak but potential for some moves next week sndk mu have to absorb uh this earnings report and see how that gets interpreted and we're seeing genomics continue to excel and really look at this move from loi i don't know uh the average range of uh of loi let's see the average range is 3.3 percent and this was a basically three you know two to three uh average atr move uh on friday so this is significant we're seeing rotation into this area and probably in a few weeks or over the next few weeks we're gonna start to see uh narratives about how ai is completely changing drug discovery and all this stuff which is which is likely true uh but basically stocks need a reason to move and we'll see first the price action and then we'll get the narratives later but keep an eye on this theme over the next few weeks and months um biotech is not my favorite theme to trade i prioritize biotechs that have if i open up the stats table um that they're profitable but look at this growth in loi wow this is significant growth um so let's take a look you know big base basically a fresh breakout um you know this move in loi could have legs so uh likely there's a 2x uh version of loi that could be worth trading but um what i was saying is i prioritize biotechs that have real earnings and sales um that doesn't completely eliminate risk because anything can happen um but with the smaller cap biotech names there's a lot of risk of gap downs based on trial news so know what you are trading uh recognize that there's always risk with bios um and you got to manage risk with position sizing with biotechs um so if you are gonna you know dive into that realm just keep all that in mind um and again i try to focus on ones that have real earnings and sales and yeah i'm pretty amazed by this lol sorry loy earnings and sales growth this is significant from a may cap so um we'll see you know how this acts but likely this is the start of a move so you can watch this for the next pullback or all of that um 1.1 trillion no this this almost belongs in in the mega caps here um yeah so let's uh close that up so that's the theme leader so again so far what have we done we've looked at the overall market index etfs we've looked at the uh theme tracker and we've looked at the mega cap and theme leader watch list all that tells us a lot about rotation there's a rotation into the cyber software names there's continued rotation into the biotech ones there's some rotation out of some areas and we also overall have some mega caps that are relatively weak so that gives us some input and looking at the index etfs looking at the qqq we're in a consolidation phase so the consolidation phase plus the weak mega caps tells you it's not necessarily a time to be really focused on uh you know aggressive trading in the tech space um but we're seeing rotation into some areas biotech which may you know you know lie some opportunity so that's how we piece everything together and we're we're building a case for our situational awareness we're taking different inputs here and there to build you know where we should be focused on as traders all right is this helpful so far any questions about the theme tracker theme leaders list uh drop in the q a right now and i want to answer some of that but uh let me know in the chat just has this been helpful uh what's been your biggest takeaway so far what are your guys thoughts uh give me give me a little bit of feedback here as i get some water all right super helpful yes this this will be uploaded on youtube for you guys to watch uh good stuff okay cool very helpful awesome yes always focus on the leading themes those are most important yep markets themes leaders if you just repeat that you'll become that's that's how you trade um cool cool uh settings for my indicators so uh for base pivots uh and you can kind of screenshot this or uh as you put on the replay you can pause this and look at it uh but i've done individual tutorials for each of these so this is my base pivots indicator uh my rs line is the 21 ema is my signal line uh this is the one month rs rating here so in dfue you can now um put the rs rating right in here so let's go ahead and uh this is the one month rs rating here and then there's the rs line and you can configure this with multiple moving averages all that this is the 10 ema this is the 21 ema this is the 50 sma and there's the 200 sma this is the enhanced volume i like seeing the dollar volume here and the up down volume ratio and then this is rmv and i've done many webinars on rmv uh let me know in the chat do you guys use rmv do you guys use the rmv pivots uh let me know if you guys find uh that useful but that's my overall setup and i'll probably do another webinar on this overall setup um you know just an updated one but that's that's the long and short of it here and rmv pivots is uh here's my settings for that um because i do like to see a little bit of persistence um here to make sure it keeps drawing it um so rmv pivots is based on just a quick aside here rmv pivots is based on rmv which is mapping the objective tightness and expansion of the stock um this is something i developed years ago um and i find it very useful to have an objective view of a price you know price action tightness and expansion because this is something that is very important for my trading style i trade from tight areas and around tight areas because we can get that natural expansion uh from those areas so rmv pivots automatically draws ranges for you and the key here uh one here uh in my settings i only draw the latest two pivots to keep things clean but this was the rmv pivot here that yielded a great trade so this was a strong stock recent catalyst uh just broke out to new highs then it tightened on the 21 ema set up this rmv pivot this showed on this day so this is something that you can look at during your routine uh you've got a strong stock making new highs now consolidating tightening near the 21 ema semi theme was on fire here and then you buy the breakout here we had a gap down push through the pivot that's your entry set your stop below the day or just below the 21 ema we get immediate follow through that's the best sign to break out is going to work and then this was like a 60 move in just a few days so rmv rmv and rmv pivots help you spot those tight areas um and really focus on that on your chart so um yeah that's that's how you can use army pivots and i've got a tutorial completely on that but that's just just a quick aside there and like i said i like just having the last two rmv pivots drawn because that highlights the more kind of relevant ones uh now that that trade has passed you know it's there's no real point in in drawing that over there except for teaching purposes um okay cool cool um there's a question here uh from mohit say we identify two to three upcoming themes how do we identify two to three thematic leaders um you would look at the weekly moves market cap can you explain a bit so let's say you've got software as a developing theme let's use that as an example uh what i would then look at is look at all the software names and look for a stock that has shown the ability in the past to make a big move has a higher adr is liquid and trades cleanly against the moving averages so in prior trends it likes to persist and bounce off the 10 ema the 21 ema and show support to those areas so we're looking a little bit for an institutional quality name um we also want to consider again the pattern it's coming from so arm this move which really started back in here um this move is within as it completed a monster base so a monster base a big base a breakout to new highs those tell you more that there's leadership potential and the potential for a very strong trend so be uh this has made a huge move over the past um you know this a thousand percent move this is coming from years of consolidation and then the catalyst ignited it and got it on your radar so we're looking for stock that has big potential it's got recent catalyst that's a big thing so arm developed their own ai chips before that move happened uh be is an amazing solution for the ai energy needs so it should have recent catalyst a reason that it is likely to move um the ability to change the way we work live and play that's kind of what we think about as leaders to use 2020 as an example during that environment zoom was changing the way we work live and play we're still using zoom right now uh it's not a good stock anymore but um it was game changing in that instance and it's allowed you to connect to uh your families it allowed you to connect to school your education your workplace um so that's the caliber of stock we're looking for is that it has the ability to completely change lives for a large amount of people loy with the glp ones and and all that stuff and and future drugs has the ability to change the way we work live and play more more the live aspect of it so those are a few criteria but also it's the price action you know does it has it made a strong move in the past and loy is a big cap so um you really want to see stocks that during trends can make at least a 40 50 60 plus move but also train in an orderly manner so it's a little bit of the character of the stock uh but it's all those things i've talked about combined and likely you know it's it's kind of the go-to name so um in the cyber security names you've got crowd that's what i view as the kind of leader of that theme because it has the ability to make big moves and it trades in that orderly manner uh and this was coming out of a pretty big base so those are a few things i think about when considering okay this is a developing theme how do i find the top two three names in that theme uh let me know was that helpful but let me know if that was a good explanation if you'd want a little bit more elaboration on that uh how do we differentiate from a new theme due to short covering versus a new prolonged uh bull trend um so there's a few different questions in there a new theme will be emerging theme-wide so all the charts will look very similar all the software names that um we looked at in the theme tracker let's just go back to that for just a second because this is an important point all and let me go theme tracker with chart um all this whole theme look at how they acted together on friday so some are pushing off lows some are kind of pushing off lows within bases but they all share the kind of same look to them and that that look when they're all um in bases compressing off moving averages and then break out when all that is setting up together that tells you that likely there's going to be a move for a few weeks few months in that theme versus just a one day pop in some smaller cap names that uh you know gap up and then fail and that's more just a short covering and a few names so we're looking for theme-wide all the charts setting up similar and starting moves that's how all the semis looked before this great move um you know wdc sndk mu um stx all of them set up the same before this big move so look for the sister stocks acting well together and setting up together and then ideally there's a catalyst within the theme you know a theme is only only gonna the the trend of a theme is only going to persist as long as um big institutions want to keep adding to it and why do they do that because there's new information new catalyst coming to light so that's what creates a durable theme is strong catalyst keep appearing so ai has provided catalyst for semis for the last three years that's why there's been model book moves in that area so when you're thinking about themes as well you want to think about themes that have continued catalyst and genomics you know has um plenty of catalyst due to drug discovery due to ai uh software you know ai allows you to be more efficient you know improve margins all of that grow your business um so those those are what things to think about as well uh yeah we also i see a question there we also have ranks so this looks at the uh this is a more kind of numbers way to look at themes and trends and rotation um but i did want to highlight this for people to be aware of it if you're not aware this looks at the geeks um breakdown so geeks breaks it down to sectors groups industries and sub industries you can uh rank them on a time frame so in a three-month rank uh you've got that ranking one month for you got this this is just by the actual ranking then here on the right hand side this is the same um uh groups and industries but instead of ranking by the overall performance you have by rank change so this allows you to spot which sub industries are jumping up the highest in terms of performance since the last time we updated the information so um you know healthcare big jump home improvement retail uh big jump here on a one month basis um so this allows you to see rotation in another way um this uses the geeks method this uses the theme tracker they'll kind of show the same way and this is more visual and i think better for people who um just want an overall picture well if you want to dive into the weeds of things you can uh you know use this and again you can dive into the stocks within them um as well so yeah but we've got the rankings as well so you're looking if you're looking for a ranking of all the sub industries sectors whatever you can choose whatever you'd like here and uh see that information um all right cool uh share ranks with us so uh i'll make a preset with this but you can make this in five seconds so let's let's go ahead and create a new dashboard so i'll just show you how to do it so create new dashboard we've got a blank canvas you can either add a ranks widget um using uh this button or you can always use the add apps button in the top right let's give that a click then we can just find uh ranks here and we can also just search so industry ranks let's click that it's added exit out let's drag that out right now it's looking at sectors to change that to sub industries like i had it just click that to sort by one month boom so we did that in about 10 seconds uh so again just create a new dashboard add it using the uh the the list here and then just change this to what you'd like some people prefer groups and industries so that's that's bigger buckets uh versus this is more granular buckets industries here and then on a one month basis you've got um you could sort by this and you can click and change settings um by basically changing the columns if you want a daily view one week view you could take off 12 months six months if you don't use those uh but that's how you use this sub industry um ranks widget so hopefully that that was helpful uh and yeah i i will um i'll go ahead and make a preset for that as well okay cool cool all right a chart setup i can't share with you just yet i'll make a video on it but we're going to be adding kind of chart templates so just like a screen and watch list you'll be able to save a chart template and share it with somebody else would that be useful to you guys would you guys want to be able to you know um share chart templates you know download mine directly in a few clicks let me know in the chat if that would be helpful um all right a lot of yeses okay cool cool cool all right okay so let's get back on on target so um we've looked at the index etfs we've looked at the themes we've looked at the theme leaders all that gives us some great perspective on where where money is flowing where to focus on now the last step is to look at the stocks themselves and build our watch list basically look for opportunities right and as we screen there are two objectives of screening the first is what i just said is to find ideas and setups for the next week that's a given the second is to do that bottoms up approach where not only are we looking at uh the stocks for setups but we're also kind of looking at you know stocks that are moving big and using that to help inform our rotation the leading themes all that so if we see standout price action and we want to make a note of that make a note of what the theme that stock is in because again that helps you focus on themes before everybody else is by looking at the stocks themselves and noticing a big gap up on volume um a move across many names in a sub industry together that helps you talk you know show you where rotation is flowing so let's go ahead and start this process so we're going to go to the screener module here this is where you can screen in deepview i've got my favorite screens that i use up here at the top um defu leaders if i'm only going to use one this is like my go-to growth stock screen it shows about um you know 200 to 300 or so stocks and these are stocks that are making momentum moves there they've got higher s if you're a gross stock swing or position trader and just want to look at one screen this is a great universe deficient so this is the deep view leaders preset to load that you would click this drop down menu go to screener presets go to deep view and then go to deep view leaders and to add it to the top like i have it click this uh bookmark icon so if i if i want to bookmark a deep view universe i would click this but deep view leaders i've already got it bookmarked and that's why it shows at the top here all these are bookmarked and i'd highly recommend that uh for screens you you run every day because then it's as simple as clicking to load it click load click load so the main ones i use each day are deep view leaders which is like again that great universe of growth stocks uh momentum leaders which is more looking for those fast moving names so very high rs top performers over the last month over the last three months recent gaps um that that will show up on momentum leaders liquid leaders is similar to d few leaders but it requires a little bit more liquidity so these are more your your very liquid names so again if you're someone who does this part-time um you want to focus on stocks that are a little bit more liquid that's going to be that that'll help reduce your frustration help you manage positions better all that so the liquid leaders which is and all these are presets that's a great weight place to start and then i also have the ipo two years so these are companies that have ipo'd over the past x days um and really over the past two years or so and this helps you spot the sndks early this helps you spot um you know the spacex the fps is um early so this is a great place to also efficient so those are the main four screens i also look at gaps and strong moves so these are stocks that are making big moves on volume and not all these are actionable uh but this is how how you spot kind of catalyst gaps and then you can go ahead and look look more into you know the catalyst behind a move so mrna this is a stock i've been watching was on the watch list um before this move there's another great breakout again in the biotech sphere so you know you'll just see themes evolve if you have a consistent routine each day but that that's what's important is whether your routine is looking at the theme tracker whether it's looking at hundreds of stocks you want to set up a daily and weekly routine that you can do consistently because that's what where the magic is that's where you start to spot trends before everybody else is by having a set routine that you trust that you value um that that can basically save you time and that's where i think devu excels is setting up those workflows those routines so quickly you can analyze indexes themes and individual stocks um so definitely set up a routine if you don't have one already and hopefully me going through my routine gives you ideas for how you can do yours uh is there a big difference between your weekly and daily routine not for me so um i'm more swing trade time frame i do the same thing that we're that we're that i'm showing today every single day and i use it to create to do my homework to write the trade lab report uh let me know if there's any trade lab report uh members in here uh good to see you guys um but i do that same process every single day um if you're more of a position trader you might not have to uh redo your routine each day but each week you should have a day where you just set aside and really get familiar for with rotation uh wow a lot of trade lab report members awesome cool cool um good to see you guys uh thanks so much for being here i appreciate it um yeah so i do the same routine every single day but if you're a position trader you might only have a weekly routine where you do a lot of the screening work all of that and then on a day-to-day basis maybe you just track um your your overall watch list and your positions so depending on your style your routines are going to be a little bit different depending on your life it's going to be a little bit different but find something that works for you helps you stay on top of the leading themes um the best opportunities for your style and just stay in tune with the market cool all right cool cool uh i see some questions about trailer report i'll talk about that at the end um where you can where you can get it um cool uh all right so let's get back into it so like i was saying these five screens are my main ones so the deep view leader screen momentum leader screen liquid leader screen ipo two years wide and then gaps and strong moves uh those are the main ones i use i had this go to pullback screen i think i need to update it actually but this is when you know i focus more on pullbacks a lot of stuff is pulling back into the 21 ema i might run this one but in general these five are my top ones and if you're only going to use one again i'd recommend the d few leaders one so again if you're looking for um a great universe you know d few leaders is the way to go you could either even limit it even more by going over to um let's do um basically rs rating three months sort by that and then only looking at the top 50 or so of of this list these are going to be your uh you know price performance leaders you know intel marvel mu a lab uh simo a lot of these are semis which you can see using the industry here uh but you know if you want to limit your universe even more you could add a 12 month rs rating all right here is a three month as rating absolute strength rating and only focus on the top 50 or 100 whatever that number is is but the d few leaders if you're only going to one run screen i'd highly recommend checking that out i spent a lot of time creating this uh the logic is pretty darn cool and it does a really good job of uh finding the leaders of each cycle it it pointed out the semis i found sndk from the d few leaders list uh it's shown the bios emerging uh let me know in the chat or if you guys are existing d view users do you guys use the dv leader screen uh do you guys find it helpful uh let me know in the chat uh what your thoughts are but again if i could only one run one screen for the rest of my life it would be the dv leader screen uh use it daily awesome very helpful perfect um yeah great to hear so again these are the top five screens that i i use so there's going to be a little bit of overlap between them but there might be a few stocks that have um that are different um and you know if you review each of these screens one by one if if there's a lot of duplicates between them that's just wasted time so there's another way that i think deep view really excels is you can combine the results of each of these screens together and then just look at the net list so it removes the duplicates for you so let's go ahead and create a um a watch list to do that and we're going to start from the leaders list uh and incorporate that as well because we want to see the leaders as well so let's go ahead and leaders and make caps so what we're going to do is we're going to go to the watch list module go to your leaders list or kind of your universe list or or a list of stocks that you always want to show up in this overall list then we're going to click the three dots here and click combine this is where the magic happens so let's click combine that brings up this pop-up which allows you to select different watch lists and screens to combine into one master list so again this helps us save time by removing duplicates that would show up on uh an earnings uh screen and a price and volume screen all those different sources you can combine them into one resulting list so let's go over to so select it over here there's going to be a list of the inputted watch lists and screens that are already a part of it and then let's go find the uh deep view leaders so let's search deep view leaders presets we'll add that let's add the ipo um i think that's mine ipo two years wide we'll add that as well let's add the liquid leaders so it's under presets so liquid if i can type liquid leaders so you see all the lists that we're adding in here and let's add the momentum leaders as well so again this is the list of screens that we've got let's also do gaps and strong moves we'll add that as well so this is the list of stocks that we have selected this will be the name of the watch list that you create and so just to talk through again what we're doing here we're we're removing the duplicates and thus saving time of having to review one stock over you know multiple times we're combining all these lists and screens into one master list that then we'll go through and do our routine so let's go ahead and click create and there we go so now we've got a list of about uh 510 names to go through all right all that clear let me know what do you guys think about the combo list feature do you guys use it um but everything clear on on that process we just combined all these five screens together into one overall list so now we're going to go through and do our routine on this um do do do i do not know about this um i scan uh christian kwawamagi one month three months six months individually and it's annoying to see the same again and again uh thank you for the combo list yep yep that's exactly what's for is you if you review multiple screens every day in your routine just combine them into one and that way you can just go through that once cool cool um and by the way right now uh we're gonna be adding this is right now you can't exclude a list but that's that's a question that comes up quite a bit uh we'll be adding that feature uh but right now you you can just combine multiple lists into one uh but there's no exclude feature just yet when you're making a screen itself um just to just to show something quick uh i'll just create a uh new new screen real quick test test alt um when you're creating a new screen we've got a watch list folder down here which allows you to include and exclude lists so you can literally screen on a watch list if you want it you can screen within that universe um or you can exclude stocks from a list to show up on a screen so that's how you can do that on a screen level just want to show show that you could do that uh here in dvue um but okay let's go back to our list so we're again just to recap high level we've looked at indexes we looked at themes we've looked at the theme leaders now we're going to look at the stocks themselves we've done the top down analysis now we're going to do the bottoms up analysis and actually find stocks to trade our goal first and foremost using this list uh the first thing i do is i'll go ahead and do a sort by percent change current week so i have my column set up here these are basically the key data points that i like to use on a day-to-day basis and week-to-week basis and i have a saved column set with all of these uh this is fully customizable in dp you you can change this however you'd like um and i'll go ahead and um share this in the chat as well so i'll go ahead and copy link auto sync is on so if i make changes it will um change yours as well but let me go ahead and uh where is the chat here where where's the chats uh there we go i'll share the link to this um data column set as well so you'll be able to use that uh but basically i have the key data points percent change the current week i like having the sub industry as there because i can see those themes as they pop up i've got rmv because rmv is almost more useful as a screening data point to to focus on those um tight stocks first and i'll show you exactly how to do that in just a minute i've got percent change from the open percent change today run rate which is relative volume so even at 9 35 uh you'll see a volume is running you know twice as fast as normal so this helps you see um institutional flow by seeing what stocks are experiencing abnormally large volume even from minute one of the day our run rate will show you that so we've got both run rate which expresses it as a percentage and the relative volume so rv 20 day um it's the same data point just one is like a factor so if volume is running twice as fast as normal relative volume will be 2.5 whatever this would be 200 250 or whatever so it's the same way of expressing the the same data point i just like percentage better i've got price percent change from the low i've got price first the the 20 day um i think i i should actually delete this i think this is just for testing purposes that i've got this and to delete it just click the gear icon um and uh you can just exit out i've got dcr wcr volume so how this lines up uh vertically will show up horizontally here and you can reorder these by the way so you can move them around all that uh and that will that changes it in real time guys so it reorders it in real time so it's helpful to kind of order this how you would suit your use case so the first thing i do when i bring up this master list is i sort by percent change current week and let me exit this out so to sort by a column you click it once from to get highest to lowest you can click it one more time to do lowest to highest and you can click one more time to clear the sort or if you have any sort created you can always click this um number here that shows up next to the gear icon so if i move this it's always in the same place right now it shows a one that means that the the watch list or screen is being sorted by one data point you can always click that to clear your sort so if anything seems weird just make sure that you clear that uh first and foremost so let's sort by percent change current week this allows you to review the biggest movers of the last week and there's some uh you know uh very low price names that because of the momentum leaders names um are on this list so you can just kind of ignore that uh but i like to review this each week to kind of see what did i miss or uh if i didn't miss it you know did i did i capture some of the best movers of the week the best opportunities of the week so this is similar to pretty bondage kind of 20 study where you're looking at the best performing stocks over the last week what setups did those moves start from were they created by catalyst were they gap ups uh were they breakouts um what theme were they in that's a big one so we're seeing three you know actually uh four of the top seven are biotech pharma and if you look at this all the biotechs are blue so what that actually does and there's a cool thing that defy does as well is within a watch list or screen the most common sub industry within that that list of stocks we color that sub industry blue so that's another way to spot leading themes there's little things in deep view that uh we incorporate that make a difference i i promise um you know it's it's subtle things but it helps you streamline your workflows it helps it helps outlier things stand out and that's the whole game of training is looking for outlier setups stocks all of that uh themes as well and this helps you spot outlier themes so again the top performing stocks on the week we've got construction which we saw with home builders uh we've got um application software we saw that as a developing theme and biotech is four out of the top six so the same things we saw with theme tracker we're seeing in the stocks themselves so there's a way to corroborate exactly what we're seeing in the theme tracker looking at the stocks themselves so again we can just kind of look and see um each of these stocks and and what theme they're in and i like to review again you know just the i just kind of blazed through these and look again you know what theme were they in if there's a lot of biotech that tells me there's rotation into biotech i look for what setups they they came from you know apps nice kind of uh power move here uh so i look what setups they emerge from and i'll probably go down to about um about 15 i'll go through and i'm just making a note of what themes are showing up again and again what setups are showing up again and again because again this is going to help you spot um the the leading themes rotation before everybody else um do you guys do something similar to this is this cool kind of um starting by percent change current week and then looking at what sub industries what stocks uh themes are setting up together is this useful to you guys let me know um on a daily basis i'll just sort by instead of percent change current week i'll sort by percent change today and then i'll just see what was the biggest mover today it's the same idea i'll i'll drag the sub industry around there so i can see what sub industries were strongest on the day um and that that's something i do on a daily basis but on a weekly basis i'll do percent change current week so this is the first sword i do and the goal of this is more to corroborate what we're seeing in the theme tracker what themes are strong what stocks are standing out if there's a big you know move here like blaze here um i'll use kind of the right click ask ai to to investigate more so let's actually show that in real time so in deep view and we're still developing this this feature and uh tweaking the prompt but i'll go ahead and right click this gap update and then in the in the menu i'll do ask devuai and this tells the devuai to go investigate what happened on that day and try to find catalyst so there's nothing big that came up uh june 23 oh there we go so june 23 um there was a core weave agreement so this helps you spot catalyst and if you guys ain't more of them more about them so there's a a big partnership with core weave on this day so this is where devuai can really help you and again the workflow is just whenever there's a big gap up or big breakout there's obviously a catalyst so you basically right click on that bar and then click ask devuai and that will automatically run the the research and pick out the key catalyst like this um a lot of people are just not aware of this so i wanted to highlight this today and you know we've got the whole devuai infrastructure uh built out where you can create your own prompts uh you know if this prompt doesn't work well for you you could create your own prompts that when you notice something like this you basically say research what happened with blaze on june 23 look for partnership agreements look for recent product announcements whatever it is you could create your own prompts and add it to your my prompt library you create a prompt by clicking here so just like you can create screens in devu you've got this whole ai infrastructure at your disposal um and you can basically create your own prompts and quickly access it here uh devuai you open it up by clicking this button here um and by default you could ask some follow-up questions here we've also got just like the screen presets we've got uh market analysis prompt presets theme analysis prompt presets stock analysis prompt presets um so all this is at your disposal um and one thing let me see um let me go ahead and rename this to um let's call this what's today june 28 tutorial let's click save so now this june 28 uh tutorial this list of stocks that we've got and i'm going to make a new chat and what i'm going to do is i'm going to pass um this whole list of symbols to the ai so i'm going to call this june uh 28 tutorial so uh by clicking the at symbol and then typing that i i'm now passing this list of stocks to the ai so it's got that context i'm going to say identify the key themes themes present on this list and uh in three sentences um explain the theme then for each theme list out the symbols explicitly from this list that is a part of the theme so what we're doing here is we're actually using the ai to identify the leading themes in this list so let's go and run this and again we're still tweaking the prompt so if it doesn't work perfectly we'll try it again yeah so there we go um let's let's do it again let's ask it again so again at symbol uh june 28 tutorial identify the top five themes from the list let's try this prompt here here we go and let's give it a little bit of time uh do you guys use the dvui let me know is there a prompt that you guys really like so here we go so it's it's doing that work for you um so the top five themes semis and chips and software defense aerospace metals mining energy oil and gas healthcare and medtech this is the emerging theme biotech so it's basically looking at that list of themes and doing the research for you and identifying the leading theme so there's just one use case for dpuai that i just want to showcase um cool and you could use it to summarize earnings reports um find sister stocks so you know if there's a theme you're really focused on like biotech you could ask it to find theme find stocks within that theme um cool cool cool yeah so just want to showcase that all right getting back to to the routine so that is um what i do my first sort is by percent change current week if i'm looking at on a weekend and then percent change today if i'm looking at this this list on a daily view um so that's just to identify the the key themes and any outlier stocks that i want to track um you know later on okay my next sort and this is now we're getting into actually finding ideas my next sort is by rmv 15 day so i click it once i click it twice and now what i'm doing is i've got stocks that are have the tightest recent ranges um on the right side i'm looking at those first so there's many ways to sort this overall list uh some people like to sort by um uh industry some people like to sort by um rs rating or as rating one month all those are valid this is just my way of doing things what you want is a way to systematically do this every single day so you're finding your type of stock fastest i sort by rmv 15 day lowest to highest because automatically it's stocks that are tightening up in ranges and it's showing showing me showing me those first and then i look at the overall context of the setup what theme it's in um and see if i want to add to my watches but by looking at the tightest right hand stocks first i'm automatically seeing my my types of setups first and that saves me a lot of time i could just kind of go through uh these ones because these are more likely to be stocks i want to add to my watch list and um basically that's what i do so i sort by rmv uh 15 day uh lowest to highest i'll kind of move this here so we've got maximum chart real estate i'll add a stats table so we've got earnings and sales i'll add the data panel which is all also fully customizable so i can see the trend in fund institutions i've got some key info here adr liquidity market cap all that and then what i do is i just space bar through or you can use the arrow keys as well and if there's a stock that i think will that i want to make the next cut what i do is i hold shift and press space so what that does is that toggles on and off the select option here so again if i space bar through let's say bby i want to add to my larger watch list i'll hold shift and press space then i'll keep space barring through cpa let's say let's say let's find one more stock uh let's say a lot of these have moved mmed let's say i want to add that to my watch list i hold shift press space so this means hands free i can just space bar through and quickly look at all these stocks so that really helps speed up the workflow um by just allowing you to do everything with shortcut keys um and not having to mess with moving your mouse here selecting this which you can do if you'd like but this is a way to do it hands free a few other shortcuts that you guys might might not be aware of you can hold shift and press f and that will add the stocks you've got selected to your favorites watch list if you hold shift and press p uh you add it to your position so those are pre-made watches for you that you designate you can also do shift one and that adds to your your color list so each of these have a number corresponding to them so those are preset watch lists that you can access with shortcut keys so as you're doing this you can speed up your workflows uh but personally for my process i go ahead and just space bar through and i'll shift space to select something um stop holding shift and then keep space barring through and that's kind of my process uh and once you have a few selected so let's just select a few you've got these icons that show up so the the right one is add symbols to your watch list so you can click this create a new watch list or add it to an existing watch list or just copy the symbols to your clipboard to share on twitter or use somewhere else um so that's kind of the the icons that show up that allow you to save your selections if you do it my way and that's how i like to do things um so this is 500 stocks we're going to go through every single one i'm going to talk through kind of my raw consciousness as i look through these charts uh share my perspective why i might add a stock to the watch list my why am i not uh why i might not add one um and we'll go through this pretty quickly so um again i'll kind of stop on stocks that are pretty significant uh or the the pattern looks significant or whatever i observe something but we'll go through this pretty quickly and right now i'm not trying to build my final watch list i'm trying to go from 500 stocks to around 30. so uh i am considering theme and pattern and all that but i'm not trying to be extremely selective that's kind of up to the next step which we'll get to in in a minute but there's 500 watch list let's see it's it's 12 38 right now let's see how how long it takes us to to go through this so i'm looking in general for stocks either uh with two two main setups recent gap up now forming a tight area or mature base tight area and looks like it's going to break out or i guess three trending pulling back to a moving average tight area so those are the three main setups that i'm looking for so you have your own setups you have your own entry tactics so you're what you decide might be actual may be different than myself but those are the steps i'm looking for as i set these up so aip just kind of trending it had an opportunity here but uh isn't really set up for my style maybe a swing trade opportunity here but not something i'm looking for currently aph a big base i like that uh but could use more of a handle here uh it needs a little bit more consolidation uh bby i'll add this this is more of a retail i think meme play but it's tight here you've got a consolidation after a recent gap um amrz uh i think there's just better opportunities chef uh not tight enough on the 10 ema good actionable this is automatically drawn by the way this range pivot here nice outside day this would have been a great spot but not my style just to buy out here so again i'm looking for a recent gap in tightness a base and tightness or a pullback in tightness so recent power move higher now consolidating so a lot a lot of the setups i look for share the same thing you've got a recent move up or a prior strong trend and now you've got an actionable pattern so that's what i'm looking for ichr um you know range on the 10 ema we'll add this this is also a semi so i'm also looking here um to see what theme a stock is in and what i really like about deepview and the new charts we set up is everything i need is kind of in this square or you know this square as well with the fun ownership um i'm looking at the right hand side i've got the symbol here with the the watermark here i've got the thema stock is in i can look at volume rmv i've got the the last quarter earnings i've got the future expectations of earnings here i've got the fun ownership trend so everything i don't have to move my eyes really from this area and yes i look at the overall trend and i kind of like to show about this much price action as i spacebar through um but you know i don't need to look uh and what just happened here uh i think i did something uh anyway i don't have to move my eyes really from that area um so yeah there we go here's ichr so what i like is all the real estate i need to look at is right here it's all in one place so uh that just helps speed up the workflows again with deepview we're always thinking about how can we save time and make things more efficient because if we need to look through 500 names we need to do it pretty quickly so that's ichr we'll add that for now ks just kind of trending mxl we'll add this is like an example of prior strong move now basing and potentially setting up for a fresh breakout um sun b just breaking down boost i like the tight range it's also sitting on a big base we've got the base pivot indicator here so we'll add that roku i think this is like a um acquisition thing so i'm not going to add it uh th but if it was an acquisition uh i i would probably look at it uh th just kind of trending tbtx just kind of trending w just trending wolf setting up for a low cheat here and we've got the range pivots being drawn look for a pop through the 21 ema we'll add that for now um so not trying to be too selective uh vcx is this a is it etf this is some crazy stock we'll leave it off uh spacex we'll add vision uh so we've got a big gap down now consolidation um we'll add it for now but i'm probably not going to keep this just because the overall pattern um we'll just take it off i don't want to look at it um okay jbs bottoming pattern not really my my focus jbo i'd like a little bit more of a pause here this is a biotech though so again we're seeing a big move this is a faster mover name so swing trade opportunity we've got a fast move up now tightening i like a little bit more of a pause here we'll add it though uh we probably won't choose it for the final watch list but we'll add it here um hlets looks good we'll add that some of the photonics uh com equipment names have been setting up agx so we've got a construction engineering company the the base is kind of whack but we've got a nice last bar uh we'll leave it off for now i think there'll be better opportunities for for that theme uh inio yeah all right i'm gonna go relatively fast through these aosl i would like to see it tighten up a little bit more it's within a basing pattern um we'll add it for now but we'll probably keep it off all right beam so we've got a leading theme here biotech and setting up a little bit of a handle here a range within this bigger base so we'll add that and hopefully my raw consciousness kind of helps you guys uh sorry if it's a little little little too raw uh below ma is not interesting just trending twilio looking for a pop here software is kind of catching fire a little bit again so um want to keep an eye on so i'm considering the theme i'm considering the chart pattern the context where does it come from has it shown the ability to make big moves in the past um airline names look good they're just already trending so there's no there's no buy point and that was a big mistake i made early in in my training back in 2019 is i would focus on the right stocks at the wrong time so i would look for stocks that were really strong but then i'd buy them in the middle of nowhere uh and then we just have a normal pullback and shake me out and then go without me and i was confused and it wasn't until looking at all my my trades that i found out uh amd will add mercy will add upside reversal at the 21 ema do do we'll add this for now hut will add and again if any leaders show up that look relatively actionable i'll add them so what is this stock this must be a biotech but recent bio ipo let's go ahead and use the ai again and let's say new chats uh and what does arxs do let's see okay so they're not a bio they're um defensive space commercial aerospace medical tech um okay extreme environments okay there you go that's that's that's how deep uai can help you uh is learning more about what a company does so we'll add that for now i like the pattern it probably is one that you want to use lower uh let's see how liquid is this is a 50 million dollar volume not too bad uh but it's a fast mover so um yeah probably lower position size but worth looking at sale we've got software uh turning the corner but i think there's better software names to look at uh can you share your um data panel settings as well yeah let's let me go ahead and do that [01:38:36] Speaker 2: share copy link and then here is uh the day panel six yep there you go okay cool and by the way like any [01:38:49] Speaker 1: scale things make sure you're on auto hit here and in settings we just updated it so you can scale price chart only so that's an option to consider as well and and uh overlapping labels all that stuff countdown you can turn off so we're always adding stuff to dv we're always iterating based on feedback that's a big thing about us is we care deeply about making this your best your favorite platform so we're listening your feedback every single day and shipping fast to improve stability um add features all that okay so let's keep going keel looks interesting we'll add that do do brun you know this has this has that look to it uh very fast mover um brun i don't know what does brun do it as well let's let's go ahead and ask what does brun do but we'll add it for now and i like that you can like keep leave it running as you keep going so gpo compute cpo notes um okay it's a it's a cloud partner yeah we'll we'll keep run there uh mbq will add as well let's go back to the data panel navin uh probably not actual because it pushed friday but i want to add it here for now bfly already pushed galaxy looks interesting off the the 200 day moving average here um we'll put it for now so not not trying to be too selective here acls we'll add cypher we'll add hood not really interested well it's off the 21 uh it's below the 200 not really interested uh ftre life science tools doesn't been acting well we'll add that txg no setup clsk we'll keep for now um glow i'd like to see a little bit more um pull in versus the base pivot but we'll add it for now it was a prior theme leader so i i purchased that a little bit as next we'll add [01:40:56] Speaker 2: all right and the benefit of sorting by rmv [01:41:01] Speaker 1: is as we go through rmv is increasing because we started at the zeros the tightest right sides and we saw a lot of expansion friday that's why there's not many amazing charts with rmv zero uh but as we move down the list it's less likely that a stock is ready because if you think about what rmv means it means there's already expansion so we're going from the tightest stocks to the most expansion stocks already so um you usually go through the first 150 slower and then you can speed up as you get more expansion and they're less interesting setups basically um rdm that's kind of interesting for for pop uh we'll leave it off for now uh vicar we'll add this as a top name as well so some miners i'm i'm noticing some miners pop up here we'll add this for now [01:41:54] Speaker 2: checko all right cnk just needs to tighten a little bit uh hq [01:42:12] Speaker 1: yeah a lot of a lot of great expansion friday from tight spots there's less there's less actual names today intel will keep my my my myrg will add that [01:42:27] Speaker 2: qnt interesting recent ipo gira will add that gtx will add that [01:42:39] Speaker 1: riot will add that trending recent gap down trending marvel will add that off the 21 ema ftnt i think it's a laggard a little bit but we'll add it for now but probably not keep it i think crowd octa those are better ddog those are better merch uh circle pushing uh tem in this bottoming base uh you know no no actual setup right now mxtr will add that mtsi we've already got a lot of semis that look a little bit better so i'm not going to add that so you kind of want to have representatives of each theme that you're looking at so again you think about what are the leading and developing themes look for stock opportunities within those themes as as you're going through your screens and watch lists due to rxt pulling back the 21 ema but we'll leave it off for now yeah so if they're not if they're if you don't see the setup within the first two seconds it's probably not there if you've got a trained eye um dy tight tight on the range pivot we'll add that the xsm we'll add that that's a bio too that's nice it's a little a little bit whippy friday but still kind of in that 21 ema pullback zone [01:44:24] Speaker 2: rbrk will add that's a cyber name a lab will add bands nice range breakout friday [01:44:40] Speaker 1: and by the way you could also do this with multiple time frames i like just using the daily time frame but if you want to use multiple time frames go to display and if you want daily and weekly uh daily in 65 just select this and then set up your charts um i personally just like using one daily chart i do look at the longer term perspective uh but i do it more on the daily chart core weave it's not my style of trade but likely there's a a reversal uh trade on you've got a little bit extension down tight day we'll see what happens but uh we'll see yeah so as we go through less of these stocks are interesting uh paying will add on the 21 ema because things are have already expanded on [01:45:31] Speaker 2: uh so we can go through these last bit pretty quickly and sometimes i'm listening to the music and i go through charts on beat but uh right now i'm just doing it as i see it [01:45:56] Speaker 1: and apologies if this is a little bit boring but this is this is trading trading is a little bit boring sometimes uh well very tight but i i it's a little bit wide and loose so we'll leave it off to do let's see pushing pushing yeah so if it's not tight if it's not set up you can go through it pretty quick you might see me like use the arrow keys to go back up to a chart if i go too fast dell will add docking will add off the 50 just to see how it acts dgii broke out friday still still not gone like it's not out of the woods here so we'll add it for now just to keep it you don't have to be too selective again with this first cut [01:46:51] Speaker 2: okay just keep going bros a lot of these kind of restaurant names are kind of waking up a little bit nice action friday and bros yep looks good we'll see if we can set up some a longer term trend yeah so a lot of these already expanded so you know apps looks great but already expanded [01:47:34] Speaker 1: we're trying to catch the tightness before the expansion [01:47:39] Speaker 2: stub hub look at that it's because they're making a lot of money on the world cup ticket so we'll see if we can get a lot of money on the stock market so we'll see if that can push as well [01:47:49] Speaker 1: so we'll see if we can get a lot of money on the watch list on the watch list on the watch list and actual uh on the watch list thursday actual friday for sure [01:47:58] Speaker 2: we've got beam on the watch list now so we'll see if that can push as well [01:48:10] Speaker 1: a gl still hasn't completely pushed but was it was on the watch list here uh thursday in the trade lab and pushed friday so now i think we're rmv 100 already so a lot of these last ones have already expanded either to the downside or upside so coco broke down [01:48:33] Speaker 2: lots on the either they either broke out or broke down a lot of these now so likely these are not going to be going on the watch list [01:48:52] Speaker 1: but again you can kind of see which themes are breaking out or breaking down so healthcare we've got semi breaking down oil and gas pushing a little bit financial pay services so again if you see trends there that's something to that's something to note biotech breaking out snow software uh ai breaking out that was on the watch list yesterday as well we got choppy the soul well i think i don't think souls is solar actually uh but that's that's a choppy chart we're looking for clean clean charts all right so we're back at the top so now we've got our selection we click this plus sign here create watch list and i'm gonna call that tl um june 28 2026 we'll put it in the um trade lab stocks and this is the wide one so we'll call that wide click save and we've got 45 stocks in there so now we can um go ahead and we've got all those loaded we've got that we went from 500 stocks to 45 um and how fast did we do that we did that in about 20 minutes um and that's with me explaining stuff as well so that's pretty quick uh now the next step is to go from 50 to 10 to 15 right to that next level of cut um so we're going to be more restrictive we want a cleaner tight tight setup we want it to be in a leading theme we want it to have shown recent power or a prior strong trend the ability to move uh we want to fit exactly our setups so we want to be pretty restrictive so now we're going to go through and only uh select the ones that are pretty much we we would want to trade next week so ati we'll keep that as a minor and i like to have representatives of themes as well do do do do do do do do docking let's add that and i like to add the leaders pretty much to that larger list but i keep them in a different section so they're not they're not really a part of that overall list uh rb rk let's see what's this trend so pretty good trend a little stubby base here but we'll add it for now emed [01:51:30] Speaker 2: how's the overall so this is ipo interesting okay all right we'll add that interesting [01:51:40] Speaker 1: glow i would want a few more days that's why i'm not adding it it was actualable on friday on undercut rally of this but uh it would need some more tightness for me to be interested here kind of a wacky chart with this bar here and the gaps um so what i'm thinking to prioritize these is how clean is the chart set up um how powerful is the stock is it a stock i really would want to put 10 15 of my account in that i'm comfortable with doing that um that's what i'm thinking about as i'm um putting this in hutt will add ichr it's a little stubby intel will add marvel will add mxl myrg will add for for kind of the construction theme boost will add for now alab will add mq it's a little bit leaking lower a little bit and i think mxl is stronger so we'll put that out for now riot will add um twilio will add vicar i i wish this upside reversal was like here like at this pivot um so we'll leave it off for now [01:52:56] Speaker 2: all right [01:53:01] Speaker 1: and spacex will add and that's 45. so now what we're going to do is make another watch list so that was the larger watch list now we're going to do tl june uh 28 tl is for trail line or trade lab um focus and click save so now we've got uh 21 stocks but a lot of these are um leaders so what i do to make a section is i right click in some space here add section and um click this to name it leaders and i can drag all the leader stocks that were on the leaders list here to kind of keep them a little [01:53:39] Speaker 2: bit separate there we go oh did i make a new section i'll just name this leaders [01:53:52] Speaker 1: and delete that okay so i've got the leaders here we've got brun just run through this again to see if there's any i want to take off [01:54:05] Speaker 2: dell dell should be down here [01:54:12] Speaker 1: all right all right and this isn't my like best watch list ever because a lot of stuff already pushed the watch list from um thursday worked great on friday there's a lot of stock that have already expanded but this is the final list so spacex is a leader but i'll keep it in here for now but basically we've gone from 500 plus names to 45 or 50 whatever it was to now 14 of our focus list each day then so this is kind of the larger list each then i'll focus on the top three or four names that i think are the most actionable so that's the the they're in the leading theme that i want to be a part of um they've got the cleanest chart pattern they're probably the most in play they've got the recent catalyst so spacex is a recent ipo that's kind of the catalyst so i'll probably have that one in there um i'll probably have mxl uh in that focus list as well um amd i'll probably have as well just because i i love training this name and as a representative of the semiconductors is pretty good and then i'll probably have um beam in it i don't love the short-term pattern here but it has the potential to have a really big move in a short amount of time kind of like an mrna um so we'll see there but again each day i kind of think okay this is my larger list what are the top three or four names i really want to focus on that day and sometimes it's only one name uh sometimes it's two sometimes i don't want to trade any at all uh but that's kind of the process from going from 500 plus names to 45 to then 15. um and again we're looking at the overall pattern we're looking at the theme we're looking at has it shown the ability to make strong recent moves or strong powerful moves in the past does it have recent catalysts what does it do um is there something different about it because we're looking for outlier quality setups um so that's what what i'm thinking through um any questions about that selection process uh was it helpful to kind of see me go through this and all in real time uh let me know what you think um but yeah any questions drop them in the q a section here um so the next day do you start building your days list from this list or do you start over from the 500 um i'll do a mix i'll i'll do the same process again because that gives me a lot of situational awareness too it's not just to find um opportunities it's also to tell me about what themes are working so i'll do that whole process again sometimes i'll just use the deep fuel leaders list instead of going through all 500 names maybe it's 300 uh that does a pretty darn good job job as well uh but that's kind of my overall process and it it probably takes my routine probably takes about um 45 minutes to an hour but that's also writing the trade lab report at the same time so it's a little it's a little it probably would be about 45 minutes if i was just kind of going through it uh without all that uh yeah i can share this list so i'll go ahead and uh till june 28 focus share copy link yeah here's that list and trade lab members get that list uh every day um how many positions are you holding max max is probably about eight eight to ten probably eight eight uh but i want to i want to stay pretty concentrated in my top ideas uh all right let's see if there's questions um what do you anticipate futures opening at tonight i have i have no idea um you know iran iran you know there's there's some macro news callus that are throwing things in the works and the market does not like uncertainty so that may impact things as well uh but also looking at the qqq if we get a big gap down we're at a key level here we're already kind of you know short term stretch somewhat to the downside we could get a big reversal day and that could be a great spot to put risk on with very tight stops so even a gap down you don't want to get too negative you want to kind of think of the opportunities if you've got you know your your defense already set so uh don't get too negative on the market ever um be an optimist that optimists prevail especially in the market over time uh so keep that in mind okay uh is there any reason for using 21 ema over others i found it useful the 20 sma 21 ema all those are kind of showing the same shame same structure so you use what you find helpful uh can you explain the orange line so orange lines are my trend lines so um if there's a pivot that i want to mark that that isn't auto created based on the base pivots and range pivots i'll go ahead and draw that with an orange line so that will be the i'll turn those into alerts um and often i'll put the the line a little bit below that level so i can get alerted as it pushes through that level uh what about spy um you can look you can look at that as well it's not going to tell you much more than the qqq does um you know it's going to be pretty much that similar structure so i just look at the qqq because it's more related to the stocks that we trade sb100 has a lot of non-tech stuff so i like the qq a little bit more um do you save stocks in watchlist for later are you confident that you'll find them again the next day so all these are saved so it's saved tl june 28 focus i have a um i save all these watch lists each day and i've got trade lab stocks uh watch list so i can go back and review all those watch lists as well as well as i can go actually read back my report from a day so i can see my watch list and thoughts that's why the trade lab report is awesome for my process because i can learn so much from what i was looking in the moment uh read back on my thoughts on individual stocks on the market as a whole um but yeah so i save the watch list and then also the report saves the watch list as well uh to do uh why do you just use one color um my my trading style is all about trading compressions and expansions and one color bars helps me see those contractions a little bit better um and the colors do nothing for my process um i can tell that this is a big down day but i can see the closes tightening a little bit more if there's less information so a key thing with your chart setup is you want to keep it clean you want it you want nothing to be really extraneous like i said everything on this right side is things i refer to so if you have a lot of indicators that you don't use um they're just kind of taking away brain space from what matters which is price action so for me a monochrome look works um you know it's up to you about what you find useful um but i think i think there's a lot of people in webinars in the past that have switched to monochrome and then they say it really helped them so you know try it out see what works for you uh you know if you use candles you can have a setup like this which is pretty clean as well uh but you want to be able to see range contractions and expansions and that's what the kind of one color look really helps me see and we just added by the way you can change the bar thickness you can do ultra thin now uh thin is what what i like and then regular whatever whatever helps you i like thin personally but yeah you can have colors defu you can have colors whatever you want but me personally i just like this monochrome look um and some people have uh dark mode on in defu and then they use like green as their color so experiment and find what works for you that's the best thing uh does the next day's pre-market impact which names you'll focus on more or less on your list yes absolutely great great question alessandro so if we're gapping down i'm gonna focus more on stocks that are gapping down to a 10 ema or a prior days low or a key price level like a base pivot because they're more likely to have a strong reaction from that open or just looking at the overall structure a gap down could create an opportunity so yes what the what the pre-market does you know if we gap up i'm more likely to wait for it to pull back into the high or the close unless it's on a catalyst but if it's just a market gap up i'm more likely to let it pull back in and then take it uh stop at the low of the day but yes the the pre-market action definitely um this helps determine which stocks to focus on from this larger list good question all right uh we've been going for a while actually so i'll probably take just a few more here uh i'll be doing this pretty much every week so if this is helpful for you make sure you guys tune in uh each week um and overall in the chat let me know was this helpful for you and maybe give me one you know takeaway that you had from uh the session hopefully it was uh it was a little bit longer than usual but i'm kind of going through my full process so hopefully hopefully it helped you guys all right uh as versus rs absolute strength and rs they're going to kind of say that show the same thing i like as which is looking at raw performance change rs will wait different time frames to help create that rating but you know it's kind of like using the 20 sma versus the 21 ema they're going to be in the same ballpark uh struggling with themes but better now good yeah use the theme tracker study it look at it day day to day that's that's the best advice i can help you on on themes uh can you show how to find pivots to add your chart automatically so um i use the base pivots indicator and rmv pivots indicator um base pivots are kind of overall structure and then rv pivots are short-term um you know entry pivots so that those are the two indicators that i add to add to your chart just go up here go to indicators and type in uh base pivots to add that one and then rmv uh pivots type in rmv and uh it's the rmv pivots here rmv just adds this indicator to your chart which is helpful as well um cool all right i think that's pretty much it for today um thank you guys so much for spending part of your weekend for me uh sorry with me um i i appreciate it immensely again hopefully this is valuable you took out took away at least one thing whether it's using the ai or how i sort my screens um and hopefully that gives you some ideas for how you can streamline your workflows uh again dfew we're building in all these things to help make your process more smooth faster all that i didn't even talk about kind of the mini charts which is another whole way to go through uh your watch list uh but if you're not already a dfew member i'd highly recommend checking us out again email hello at dv.com and mention the webinar offer and we'll make you a great deal to get started um if you're interested in the trade lab the trade lab is basically um my daily homework every single day going through this process doing all this work and sharing my thoughts on the market themes and my watch list for the next day in addition to that i have a lot of built-in educational resources from courses um to uh monthly webinars i'm going to be scheduling uh the june one actually very shortly we're going to be going over um a case study of one key stock likely sndk and breaking down the setups the position management the uh how would you get on your radar in the first place a live webinar going through basically distilling that into a blueprint we can apply to future trades and ideas so with the trade lab my focus is not just to kind of give you a watch list it's to teach you a process and system uh from how i do things so the live webinars all that it's all about process teaching people to fish uh and i highly recommend it i i work very hard to make that the best resource possible um and like i said the next webinar will be pretty shortly so there's a great time uh to to join and check it out so if you're interested in that go ahead and email richard at traderline.com and mention trade lab uh in the email and i can tell you a little bit more about it send a sample report if you'd like uh but yeah just email richard at traderline.com i'll put it in the chat dot com and uh yeah mention the trade lab so email me jonathan don't don't uh don't put in the chat here uh email me at richard.traderline.com and mention trade lab in the subject line and that you're interested in checking it out and i'm happy to walk you through you know what everything uh what what's involved with trade lab uh but definitely recommend it checking out if you haven't already uh we have a bunch of members in here which is awesome so so so glad so great to see you guys uh and like i said i'll be doing the next live webinar those are monthly um pretty soon on sndk really breaking down that stock um and we've done a lot of great in the ones in the past so nvidia um amd be was a recent one uh robin hood uh we break down all those moves the key setups how to get involved to learn the process of how to catch them in real time the best way to catch great stocks in uh in real time is to study previous great ones previous cycles and that's what those webinars are all about so again yeah uh email richard at traderline.com and uh we'll go ahead and uh be in touch there awesome cool cool well thank you guys all for tuning in appreciate it again uh hope this was helpful uh and uh have a great rest of your weekend enjoy the world cup games if if you're watching them today and i'll see you guys in the next one cheers