Weekly Stock Market Watchlist: All-Time Highs but "Slim Pickings"

What's up, Studs? The market is grinding higher. The SPY is at all-time highs. But let's be real: It’s a "Dead Dog" out there.

I have been trading since 2008, and this is one of those weeks where the indices look great, but the individual setups look like trash. It’s "slim pickings."

The "Pocket Pool" Market Phase

Sometimes, you have everything going for you—you're young, rich, and jacked—but it's Saturday night and you're at home doing nothing. That is this market.

• The Indices: Making highs.
• The High Beta Names: AST SpaceMobile ($ASTS) and IonQ ($IONQ) are rolling over.
• The Strategy: This is a time for self-care. Take it easy. Don't force trades just because the SPY is green.

The Aggressive Play: Parabolic Gold Short

The only thing really moving is Gold ($GLD) and Silver ($SLV). They are going parabolic.

• The Setup: This is what I call the "Counter-Trend Parabolic Short." It is the hardest setup in the world to trade.
• The Trigger: I am NOT shorting a grind. I need to see a Gap Up + Vertical Move. If Silver gaps up and spikes to $34-$35, I might look for a reversal.
• Warning: This is a stress-burger trade. Small size only.

Trader Note: Counter-trend trading requires precise risk management. If you are new to this, read our guide on Short Selling Basics before attempting this trade.

The "C-Minus" Watchlist

Since High Beta is dead, we are looking at specific, boring rotations.

Storage & Solar

• Western Digital ($WDC) & SanDisk ($SNDK): These have nice "Inside Day" consolidations. Watch for a trigger over $260 on SNDK.
• First Solar ($FSLR): This is back-testing a massive breakout. The weekly chart shows a nearly 20-year breakout level at $300+. If it holds here, it could rip.

Tesla & Crypto

• Tesla ($TSLA): It is having trouble at $500. I am waiting for it to "dust back" into the $465 zone before looking for a long.
• Coinbase ($COIN): If Gold and Silver finally roll over (drop 10%), that money has to go somewhere. I believe it rotates back into Crypto.

Biotech ($IBB)

• The Sector: Biotech is quietly breaking out. There are a lot of names moving, but liquidity is an issue for day traders. Good for swing trading, tough for size.

Disclaimer: This is for educational purposes only and not financial advice. Trade at your own risk.

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About the Author: Kunal Desai

Kunal Desai is the CEO and Head Trader at Bulls on Wall Street. A day trader since 2008, Kunal specializes in momentum trading and market psychology. He teaches students how to navigate volatile markets in his Live 60-Day Bootcamp.

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