Welcome to our weekly newsletter, where we offer insights into stock setups that we share with our Phoenix members.

Another week, another round of ATHs for the indices. During the past week, the strength discussed in this newsletter in recent months has continued, with new ATHs in the DOW and NASDAQ.

Looking deeper into the main indices:

  • The S&P 500, the current trend is showing no signs of abating and this week another ATH was achieved at $4,393.
  • The Nasdaq 100, also continued its recent strength with an ATH at $15,007.
  • The Dow Jones 30, previously lagging the other indices, has made gains recently, this week creating an ATH at $35,068.
  • The FTSE 100, remains range-bound and retreated again this week to the £7,000 round number.

The overall trend in the main indices remains bullish, and the probability remains weighted towards the continuation of the long-term bull trends established in 2009.

We continue to hold high-performing stocks in our portfolio, which we will add to during the next round of breakouts. Good quality opportunities continue to present themselves, which allows us to diversify further. We continue to share setups and signals with our Phoenix members.

Let’s get into this week’s newsletter!

PS To get FREE lifetime access to our bespoke analysis tools used in these images and a host of other free essential goodies, complete the ‘Are You On Track To Retire Wealthy’ scorecard!

Here are how the best-performing UK & US stocks, as picked out by our scanning process, have
performed this week.
For a glossary of terms click here.

OUTPERFORMING STOCKS COVERED THIS WEEK

UK Stocks

US Stocks

FTSE 100

For the past three months price has struggled to break above the pivot high from 2015 at 7124. Whilst price is supported by the weekly 200sma, daily 50sma and 7000 round number. In turn, this has created a tight trading range for the index.

The Sublime trend filter continues to remain green on the weekly timeframe, with price using the 200sma as support.

On the daily timeframe below, we can see that since mid-May where price has been using the 50sma as support. The Sublime trend filter is alternating between grey and green, indicating price is in a period of indecision. However our bias overall remains bullish, and we continue to look for stocks outperforming the index.

UK STOCKS

Ashtead Group - AHT

A trending stock we have regularly discussed in this newsletter and our Phoenix community. Following May’s strong performance that added to the long term trend, June was an indecision candle. After retesting the £50 round number, strength has returned in July with a 4.5% increase to date.

On the weekly timeframe, the Sublime trend filter is green, and price is above the 50sma and 200sma.

On the daily timeframe below, the Sublime trend filter is also green, and price continues to trade above the 50sma and the 200sma. This week, price created a new ATH at £57.08. With a breakout and trend continuation, price is headed towards the £100 major round number. We will continue to update our Phoenix members on this high-performing stock.

Croda International – CRDA

A stock we have been in since last year, this week price created an ATH at £78.48. July’s performance to date has continued the bullish trend with a gain exceeding 5%. This follows June’s increase of 5.4%. Year to date price has increased by an impressive 18%.

On the weekly timeframe, price is trading above the 50sma and 200sma and the Sublime trend filter is green. Since the breakout from consolidation in May, price retested the wPiv21 and £70 round number, which has acted as a strong area of support. 

On the daily timeframe below, price is above the 20sma and 50sma and the Sublime trend filter is green. The patience we have previously discussed appears to be paying off as price is displaying evidence of a linear trend. We will continue to share signals with our Phoenix members, particularly if we see such a trend develop towards the next round number at £100.

 

St James’s Trust – STJ

A stock to watch as a trend is emerging. Since breaking above the mPiv9 in April, price has gained 22%. July’s candle is currently bullish with a gain of 4%, which follows gains in June of 6%. 

On the weekly timeframe, price is above the 50sma and 200sma, and the Sublime trend filter is green.

On the daily timeframe below, price this week was within touching distance of the ATH set the previous week. Since price broke above the Piv21 level at £12, price has consistently used the 20sma as support whilst creating higher highs and higher lows. We will continue to update Phoenix members of compound opportunities as this trend develops further.

If you have watched the 4-part series and are keen to get started, then book yourself in for a 1-2-1 call with a member of the Sublime Trading team.

S&P 500

Halfway through the month and July’s candle is continuing the long-term trend, with a 1% gain to date. Price created a new ATH earlier in the week at $4,393. A combination of continued strength and the summer holiday period in the US and Europe could see price consolidate or retreat to the moving averages over the coming weeks. We will of course let price dictate and act accordingly. 

On the weekly timeframe, price continues to trade above the 50sma and 200sma and the Sublime trend filter remains green. 

On the daily timeframe below, price is above the 20sma, 50sma and 200sma and the Sublime trend filter remains green. Over the past week, price has confirmed the break out from the range that had been formed going back to May, in turn producing a new ATH. The bulls remain in control of the S&P, and we continue to look for stocks that are outperforming the index.

US STOCKS

Apple – AAPL

A popular stock that we have been monitoring for several months. Following the ATH created in September 2020 price made a failed attempt to break out in January 2021. This month, price has closed above this level with a bullish candle.

On the weekly timeframe, price is still above the 50sma and the 200sma and the Sublime trend filter is green.

On the daily timeframe below, price is above the 20sma, 50sma and 200sma and the Sublime trend filter is also green confirming alignment with the weekly timeframe. With price clearing a major resistance level we need to see a retest and continuation pattern. This stock is always a top performer so well worth the patience for the right set-up.

Broadridge Financial Solutions – BR

A top performer for our Phoenix community, with an excellent history of trends. Price made significant gains between 2013 and 2018, from $25 to $140, a move of over 440% to the upside. Price then went through a lengthy period of consolidation with price eventually breaking out in November 2020, and has since pushed onto new ATHs.

On the weekly timeframe, price is still above the 50sma and the 200sma and the Sublime trend filter is green.

On the daily timeframe below, price is above the 20sma, 50sma and 200sma and the Sublime trend filter is green, confirming alignment with the weekly timeframe. This stock was added to our portfolio this week with signals being shared with our Phoenix members and we will continue to do so as the trend develops. The next major level of resistance is $200.

Microsoft – MSFT

Following an indecisive month in May, June produced a bullish candle with an 8.5% gain. This momentum has continued into July, with a 3.7% gain to date. This performance has resulted in a new ATH this week at $284.

On the weekly timeframe, price is trading above the 50sma and 200sma, and the Sublime trend filter continues to be green, confirming the bull trend.

On the daily timeframe below, the Sublime trend filter is green, and price is above the 20sma, 50sma and 200sma. Following on from the previous commentary, the MAs are now all aligned and we expect to see strength continue. The next area of resistance is the $300 round number. In the past, we have generated excellent profits from this stock, and we will continue to share breakout and pullback signals with our Phoenix members as the trend further develops.

Nike – NKE

A well-known stock that has been in a long-term trend since 2009. Price rebounded strongly following the covid pandemic. Phoenix members took a position in September 2020, however, price subsequently went into a period of consolidation. June’s candle displayed a bullish move with a 13% gain and a breakout from six months of consolidation. This momentum has continued into July with a 4.7% gain to date.

On the weekly timeframe, price is trading above the 50sma and 200sma, and the Sublime trend filter is green.

On the daily timeframe below, the initial trend followed by the period of consolidation and then the recent breakout are all evident. Price is currently above the 20sma, 50sma and 200sma, and the Sublime trend filter is green. With price continuing following the gap up we could see a linear trend forming. The next resistance level is the $200 round number. We will continue to update Phoenix members of any further positions in the stock.

Starbucks – SBUX

A stock with a mixed history of trends and long periods of consolidation. Price in July has created a new ATH at $121, following 3 months of consolidation.

The current weekly candle is indicating indecision following the breakout. The Sublime trend filter is green and price is above the 50sma and 200sma.

Price is above the 20sma, 50sma and 200sma and the Sublime trend filter is green. Since breaking above the $100 round number price has struggled to form a sustained trend. However, a new break out could see a trend develop. We will apply patience and let price dictate our next move. Price has plenty of room to move to the next resistance level at $200. We will update Phoenix members of any breakout or pullback opportunities as this trend develops.

T-Mobile US – TMUS

A high-performing stock that we have traded in the past for excellent profit. Since the covid pandemic price has been moving higher but price action hasn’t been particularly linear. However, since price closed above the $200 round number in April this year price is showing signs of a linear trend forming. July’s candle has increased by an impressive 6%.

On the weekly timeframe, price is trading above the 50sma and 200sma, and the Sublime trend filter is green.

On the daily timeframe below, the Sublime trend filter is also green, and price is above the 20sma, 50sma and 200sma. Price has plenty of room to move to the next resistance level at $300. We will update Phoenix members of any breakout or pullback opportunities as this trend develops. For now, we will apply patience and let price dictate.

Visa – V

A high-performing stock that we have traded in the past for excellent profit. Since the covid pandemic price has been moving higher but price action hasn’t been particularly linear. However, since price closed above the $200 round number in April this year price is showing signs of a linear trend forming. July’s candle has increased by an impressive 6%.

On the weekly timeframe, price is trading above the 50sma and 200sma, and the Sublime trend filter is green.

On the daily timeframe below, the Sublime trend filter is also green, and price is above the 20sma, 50sma and 200sma. Price has plenty of room to move to the next resistance level at $300. We will update Phoenix members of any breakout or pullback opportunities as this trend develops. For now, we will apply patience and let price dictate.

The Dow Jones 30 and Nasdaq 100 both created new ATHs this week. Over the coming weeks and months, we expect to see price continuation patterns, resulting in further opportunities in the bullish trends. 

To get up to speed on how to accurately analyse the markets, consider completing the ‘Are You On Track To Retire Wealthy’ scorecard and unlock your FREE gift – Lifetime access to the Launchpad Investor Starter Kit priced £197 (+ VAT). 

Keep it simple. Keep it Sublime.

The ST Team


Tags


You may also like

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Name*
Email*
Message
0 of 350
>