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all right welcome back to stock tricks with nick for this week's breakout watch list from february 1st to february 5th all the stocks that we'll be talking about today are in very strong uptrends they're above their 200-day simple moving average which itself isn't an uptrend 150 off the 52-week lows so they're always the strongest stocks that have pulled back consolidated and ready to get stronger and possibly break out in the coming week before i get into that list did want to go over the market is very shaky right now so this may truly be just a watch list i don't plan on trading anything early on in the week but we'll get into some of the charts and why i think the market is weak in a little bit and if you don't follow me on twitter make sure you follow stock trick nick there and vote on your favorite setup after you watch this video if you're watching for a specific stock all the time stamps will be in the comment section alright so i do want to go over trading defensively but before i do that uh let me switch to a the chart of the qqq's just to take a look at why i think uh the market is looking shaky and probably not the best time to be training aggressively so this is something we talked about on uh friday's trading recap but wanted to highlight september seconds pullback here uh this is exactly the type of candle that we got on mondays so we had uh we were extended over the upper bollinger band after the bollinger bands themselves were extended and this is just two standard deviations away from the 20-day simple moving average uh measures volatility we had a day where everything flushed in september and then it rallied back up to close above the upper bollinger band but a red candle showing there was selling pressure there and then the next week we dumped had a mini rally but then that dumped even further so moving to what we're seeing currently on monday we had the same type of candle as september 2nd marking the market high had a sideways day because we had some large time earnings with tesla apple and facebook but after that everything pulled back we're now under the 20 day simple moving average and we had higher volume on the sell-off days than on thursday's kind of sideways action so very very concerning there um even if we do bounce maybe it's just a couple days like we saw uh in september before pulling back even further we're still a little bit extended from the 50-day simple moving average so maybe another week or so that we need the market to firm up before we start trading but do have a watch list to cover so let's go trading defensively with all that we only want to be taking risk in the market when the odds are on our side so right now uh with a lot of names flushing one thing that i've learned was even quality setups that do end up breaking out quickly gets sold off because a lot of funds a lot of traders have just taken a huge hit on their account the past week with everything pulling back and they're going to be quick to sell their first winner so they can soften up their profit and loss p l so even though we're going to be going over some quality setups if those break out they may be quickly sold off so we have to really trade defensively if we're going to be trading at all this upcoming week so typically in a normal market when things are working well i have position sizes of ten percent of my portfolio on each trade now uh i'll be trading between two and a half percent or five percent most likely if i put on any trades in the first half of the week uh it'll be at two and a half percent because i'm not going to be actually trying to make money off those trades i'm just trying to see what setups are working what sectors working what's showing relative strength so in the first half of the week for sure just trying to get a hold of the market my stop loss is seven percent max absolutely nothing more than that in this type of environment uh the setups that i'm looking for are high volume breakouts so uh if we're moving over a pivot point that i'll be talking about or a buy point that i'll be talking about in the video are we doing that with a lot of volume or is it only retail money trying to get in push that uh up and then we also don't want to be buying low in a base mark minervini talks about the low cheats that works really well when the market's in an uptrend when everything's breaking out of bases right now we're pulling back from a breakout so we don't want to be trying to cheat low in the system if something's breaking out we want to get it either at all-time highs or breaking out of a base the upper half of the base then for trade management i'm going to be much quicker to take profits so uh once the stock moves up maybe eight percent 10 percent take twenty percent of the position off take some book some profit and then quick with my stop movements uh so every trade that i put on i have stop losses seven percent max as you see but if a trade gets out eight percent i'll likely move my stop to my entry point so that way i take out the initial capital risk on the trade and then if the trade works the market starts swinging higher then i do have some exposure on but it's not eating away at my initial capital that i started the week with so just wanted to walk through that before i got to my list but we'll jump into it so uh i've mentioned voting uh early on in the video from these four options on my twitter account you can vote on how i'll be investing the money that i make on tick tock i have a trading account that i just put in the money every week how much i made and then i let you guys invest that if at the end of the year that tick tock trading account beats my own personal trading account on a weekly compounding basis i'll be giving that account away so make sure you vote on your favorite out of arlo a-r-l-o-n-i-o r-c-k-t and s-o-l-o a quick disclaimer should probably put this earlier nothing that i talk about is financial or trading advice this is for educational purposes only trading comes with extreme financial risk always do your due diligence before trading here is the watch list that we'll be going over today we have a-r-l i'm not gonna list it i have it here but uh the stars are what uh you guys can vote on this week not saying they're any better than the other setups but what the voting will be on all right so let's jump to the charts so again we're proceeding with caution this week some of these names may break out uh and if they do so on volume maybe we could take those but uh we're gonna be quick to take some profit quick to protect our entry and let the market uh kind of prove itself before we get back in so arlo this has been in my watch this for a while now uh really oops i'm on ellipse let's go segment uh so really strong breakout here 94 you see the high volume on those moves uh we had the first pullback let's see from high to low i think it was yeah 18 on that name uh second pullback and then things are getting tight here but i wanted to point out relative strength as the market's dumping this is holding right at its eight day exponential it's 20 day simple moving average uh we had hot inside day on thursday higher highs higher lows on friday even when the market was terrible it was up 0.8 percent uh did kind of pull back later in the day like everything else did but i'd be looking for a break over 873 as a possible buy point uh and again we want to see a lot of volume come in right at that breakout point if that's something that we're going to be trading it's arlo next we have atec another name with really good relative strength this past week continues to bounce between uh the 20-day simple moving average and that upper bollinger band but on friday inside day closing the upper half and right near what would be all-time highs lower volume last week while everything got crazy not many people were trading this name so there was less disagreement in this versus the rest of the market so a break over thursday's high of 1526 all-time highs would be my possible buy point that i'm looking at is atec you can see 200 day 50 day 20 day eight day all in the right order uh so everything's in an uptrend this is holding really well and we're near a possible buy point next we have bi du this one is probably a little early to take uh but it had so much power uh yeah 86 percent move uh probably even more than that hold on yeah 102 since mid-december now we've pulled back only 13 from the highs so this may need a little bit more time to trade sideways uh or or even down a little bit there is a gap in the chart that maybe this pulls back further but that's why we're only buying the breakouts we're not buying randomly in a pullback because we have no idea when other buyers are going to show up but inside day on friday closed right around the 20-day simple moving average volume during this pullback is lighter than a couple of these uh breakout days which is what you like to see i'm just looking at a break over thursday's high that would also get you over kind of the main part of this volume shelf here and that's a high of 245.94 it's a possible buy point it's bidu next we have ftch this one started really taking off in november had a see 130 something 133 move from that initial breakout lots of volume coming in on the way up really good to see and we started to get this downward drift to the right wanted to point out a lot of the pullbacks uh got bought up so you see a lot of those long lower wicks that's showing that buyers are stepping up every time it flushes which is a good sign wednesday had a long lower wick thursday did and then even friday bounced at the 50 day and closed above the 20 above the 8-day exponential so this is holding up really well while still giving the sellers uh the weaker hands a reason to leave when it flushes so um this one could work ideally we have a couple days of downward action and then we could use friday's high 6156 as a possible buy point otherwise if we just take off i would be looking for january twenty seconds high that's 65 23 that's ftch next we have j-o-e this is one that i traded uh this little breakout there uh got some sold off into strength got stopped out of the rest of my entry point again we're trading defensively here while everything's starting to shift this is holding up really well lower volume on the pullback close right at the 20-day simple moving average you can see this is just flagging out might need some more some more work but looking at friday's high 46 32 is the possible buy point again we want to see lots of volume with that kind of move if we're going to be taking any new trades it's j-o-e next we have l-a-z-r and this one is still holding up relatively well again maybe needs a week or two for the market to really correct and then form up but um doing all the right things on a volume standpoint breaks out on heavy volume pulls back on light volume uh what i would be looking for is actually a pullback buy here where we undercut the low from friday and then take out the high on the same day so that's the only way i would buy this going into the week if it firms up then we can put it on wednesday's live stream but if we can undercut the low which is 31.25 and then take out the hive of friday basically those two things then you can get a pullback buy even then that that's going to be aggressive i'm going to be quick to move any stops if i do take the trade it's l-a-z-r m-g-n-i this one a really strong uptrend 250 28 all in the right order all with a decent amount of space between them which you could say well that that's showing that there's room to pull back and there absolutely is room to pull back but why isn't why isn't this pulling back at nearly as much as some of the other growth names showing good relative strength for now um you'd see kind of trading down into this pullback i would similar to lazr i want to see the low of kind of uh what candle is this on the 20th be taken out so we undercut that low and then we run back up and take out the high of the day so low would be 3316 take out that low and then if we can move over 37 that'll give the last kind of group of new buyers here a reason to leave getting stopped out there and then taking out the high with volume that would be a sign of strength while this has already showed a lot of strength um but we gotta play things a little bit more creative if we're gonna be taking any trades at all next we have nio this one uh again holding up relatively well we got a downwards right drift uh we did undercut the previous pullback on thursday which is why i put this on the watch list so anyone who got in around here put their stop right around that day we did undercut that really light volume last week as it traded sideways and looked like it was it was holding up really well on friday before it flushed down so now we have two daily highs right around the same price uh creating what would be a possible pivot buy point so 60 67 and 60 71 just go with friday's high 60 71 but that's not if we just gap up on monday if we gap up on monday i'm not trading anything i'm just freezing letting letting some trades actually prove themselves before i risk anything in the market but that's nio obviously has been a huge winner in 2020 doing well in 2021 200 day 50 day 20 day eight dollar a day on the right order uh last four we got plug this one might be a little bit early as well um but really really powerful name let's see what was the 144 percent move up and just uh since the new year what did we get as a pullback 24 so high tight flag forming up here uh we did undercut the two lows on wednesday thursday with friday's low which is good to see get those stops out this is another one where i'll be setting an alert for the low here of 5732 the low on the 15th if we can puncture that we would also undercut the 20-day simple moving average give it uh give buyers a reason to step in so a lot of people buy the pullback to the 20-day moving average so if we pull back and we don't see any buyers then we're definitely not putting on the trade we want to see it undercut the low undercut the 20 day and then take out the high from friday that would be the possible buy point because if you're over the high from friday there's very little resistance up here this has been holding up extremely well uh during the market volatility it's plug rckt uh this is another high tight flag that 134 percent up pull back 22 so not a lot of people trying to get out here we do get a sideways down drift so that gives short-term traders a reason not to keep their money in here because it keeps on making newer lows uh but as a breakout trader who's not in the trade you like when uh short-term traders have a reason to leave because once the setup sets back up and and breaks out over a pivot point those people will be coming right back in so we have friday's high it looked like it was getting going and then pulled right back so we have 57 85 and 57.77 so let's just go 57.85 the high from january 26th as a possible buy point there rc kt we got solo so this one has been basing out for a while uh good pullback on very little volume had this middle section dump on slightly higher volume so then you want to wait to see the volume kind of switch where you get the larger volume days coming on breakouts instead of sell-off days we got that around the 15 13 in january pulled back to the eight day things got just volatile in the market so this has been kind of shaky but we're still kind of forming up the right side of the base here uh so again i'm less likely to buy into this low cheat because uh because the market's been so shaky i want more confirmation in a name before actually risking any any money on the trade uh you could take a break over friday's high 850 as a possible buy point i may just wait for the high of january 25th uh that would be 9 21 you'd still have um a really nice 45 50 move up to all-time highs wait with that so a couple areas to watch probably set alerts for both and just let the trade come to me and finally we have v e r u another one that is just flagging out here had a 300 run uh since december pulled back let's see 32 percent from the highs we had this first pullback and then the second one undercut that you like to see it uh rally back up pulled back and then got it undercut last last monday is that yeah last monday then things tightened up again if i hide the big volume you can see the last two days thursday and friday both came on very very light volume here after uh wednesday's potential kind of move over a lower pivot right there so definitely has potential in a normal working market you could do a similar pullback by and you could still do that if we break under friday's low take out friday's high uh i'm waiting for a break over january 27 psi that's 980 as a possible buy point and that's v-e-r-u all right that's going to be the breakout watch list i hesitate to say breakout watch this just because i'm being upfront with you i'm uh all cash except for an sqq long position so slightly short the market right now uh if we see some breakouts i want to see them on volume and i want to see a couple breakouts actually hold instead of getting quickly sold off and that's when we know more institutions are coming back to hold up price instead of just quick breakout retail traders the first couple breakouts we see may be sold off to soften up people's p l's and you just don't want to trade in a choppy market uh if you're taking full stops on position after position after position because it gets up five percent and then flushes it's just better to save not only your capital but also your mental capital and come back when the market's strong and come back fully confident that you're not too far off your account balance highs so that's going to be the watch list uh if you enjoyed the video please leave a like subscribe to the channel stock tricks with nick i do this breakout watchless sunday live stream wednesday nights and then a trading recap on friday follow me on stock twits twitter and tick tock and i'll see you guys wednesday for the midweek movers live stream