In this video, I walk through three stocks on my watchlist: Snowflake, Robinhood, and eBay. Each setup has bullish qualities, but I’m not looking to chase them right here. Instead, I’m watching for a little weakness into next week that could bring price back toward key moving averages or support. That kind of pullback could create a cleaner entry and a better risk/reward setup.
SPX is trading back toward the top of its range, and holiday-week sentiment could give bulls a short-term edge. Instead of chasing price, I break down a risk-defined broken wing butterfly setup that targets the 7550–7600 zone, with a built-in “forgiveness factor” if SPX pushes higher than expected.
With earnings coming up on August 4th, a prior 15.3% gap, and a daily squeeze now in play, this could be one of the stronger semiconductor setups heading into earnings. The only problem? AMD has not offered an easy entry yet.
Next week can still skew bullish, but this is not a “blindly buy everything” market. Stay selective, respect volatility, and understand whether each setup is better suited for day trading, swing trading, or a longer-term hold.
