Nurse in The Market 6-28-26 Sunday Market Playbook

A top-down analysis of last week's market movement and a plan for the week ahead.

Welcome back to your weekly market checkup!

I hope you had a great week!

ICYMI, you can see last week’s top play of the week here →

A quick highlight from last week →

Viking Therapeutics, Inc. VKTX 0.00%↑ popped over 25% last week!! Price broke out and tagged an extreme-high RSI reading signaling it was time to lock in profits. The stock surged when the company announced the initiation of a Phase I clinical trial for its new investigational weight-loss drug. If you would have entered the trade on Monday you would have been taking gains by Wednesday!! Congratulations to those of you in the VKTX trade!

Let’s dig into last week’s market recap and the playbook for the week ahead →

The markets were volatile last week and experienced an aggressive flight to safety driven by geopolitical tensions in the Middle East, new transatlantic tariff threats, and sticky inflation.

This forced a massive rotation out of speculative growth assets and into defensive, value-oriented positions.

The three major U.S. stock indexes posted a difficult week, marked by five consecutive days of declines and heavy sell-offs in mega-cap technology and chip stocks.

Bonds (TLT) continued to climb higher and break through its 200-day SMA.

The Dow Jones (DIA) is still trading above its 20-day SMA while both the Nasdaq (QQQ) and the S&P 500 (SPY) closed below their 20-day SMA and put in doji bars on Friday.

Bitcoin (BTC) didn’t hold its previous breakout attempts and looks to be rolling over into a decline here.

Gold (GLD) may have found a bottom here. I’m looking for confirmation of an accumulation zone this week.

Oil (USO) continued to sell-off even more and is trading at an extreme-low RSI reading. Despite the sudden naval conflict in the Strait of Hormuz, crude oil faced a heavy sell-off.

Brent Crude Oil ($BRENT) is now trading below its 200-day SMA, which is considered bearish. Price put in an imperfect doji bar signaling a potential reversal is underway and a possible bottom is in.

The Dow Jones (DIA) was the top performing index of the Big 3, while the Nasdaq (QQQ) was the worst.

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I. The Market Vitals (Best to Worst)

Here’s how the 7 major asset classes ranked this week:

1. 20 Year Bonds Treasury ETF TLT 0.00%↑

2. The Dow Jones 30 DIA 0.00%↑

3. The S&P 500 SPY 0.00%↑

4. The Nasdaq-100 QQQ 0.00%↑

5. Gold GLD 0.00%↑

6. Bitcoin ($BTCUSD)

7. Oil USO 0.00%↑

♥️Market Pulse: 5/7

• 2/7 assets are up.

• TLT and DIA are up.

• QQQ, SPY, BTC, USO, and GLD are down.

This a “selective risk-off” environment here.

Stock market participants are selling high-multiple mega-cap technology stocks due to geopolitical and tariff anxieties, but they aren’t leaving the stock market altogether.

Instead, they are pushing money down the market-capitalization spectrum. Speculative technology and growth stocks (ARKK) and small-caps (IWM & IWC) are showing strength here.

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II. Section Rotation (11 SPDR S&P 500 Sectors)

Health Care XLV 0.00%↑ was the top performing sector of the S&P 500 SPY 0.00%↑ , while Technology XLK 0.00%↑ was the worst.

The top three performing sectors were Health Care (XLV), Real Estate (XLRE), and Utilities (XLU).

The worst three performing sectors were Technology (XLK), Communication Services (XLC), and Consumer Discretionary (XLY).

Health Care XLV 0.00%↑ was the big winner last week! Price is trading at an extreme-high RSI reading along with other health care stocks like JNJ, LLY, and MRK.

Utilities XLU 0.00%↑ is trading at a near extreme-high RSI reading.

Consumer Staples XLP 0.00%↑ broke out! Large-cap food, beverage, and household product manufacturers served their traditional role as a safe place to hide during geopolitical crises.

There’s been a sector rotation from technology stocks to defensive and industrial stocks.

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III. Important Sectors & ETFs

Beyond the main sectors, here’s what stood out this week:

The Russell 2000 Index IWM 0.00%↑ continues to climb higher and reached another new record high last week! The RSI isn’t extreme yet so price has room to keep running.

SPDR S&P Regional Banking ETF KRE 0.00%↑ also reached a record high and hit an extreme-high RSI reading. It’s time to lock in some profits in KRE/DPST.

iShares Nasdaq Biotechnology ETF IBB 0.00%↑ reached a new record high and is also banging an extreme-high RSI reading giving us the signal to lock in profits in PILL.

iShares Semiconductors ETF SOXX 0.00%↑ plummeted over 7% and closed below its 20-day SMA signaling a decline may be underway.

Ark Innovation ETF ARKK 0.00%↑ was looking like it was going to roll over at the beginning of the week; however, price closed back above its 20-day SMA and the MACD histogram started ticking upwards on Friday displaying bullish momentum.

Many ARKK components are small-to-mid-cap growth companies that have been beaten down for a long time. They are benefiting from the same "anti-mega-cap" rotation lifting IWM.

Gold Miners GDX 0.00%↑ and Gold Miners Junior GDXJ 0.00%↑ may have put in a bottom here as price is holding its previous support point and put in a doji bar last Thursday signaling a potential reversal.

The iShares Expanded Tech-Software Sector ETF IGV 0.00%↑ looks to be forming an accumulation zone here.

iShares Silver Trust SLV 0.00%↑ tanked over 10% last week and is trading below its 200-day SMA.

I like ARKK and IGV for trade ideas this week. I also like GDX and GDXJ if price confirms the accumulation zone here. NUGT, GDXU, and JNUG for leveraged plays. I’m looking for any pullback on the IWM for small-cap trasde setups.

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IV. What Assets & Sectors I’m Watching

Here’s what I’m focused on next week:

• Oil (USO): Will price keep continuing lower here or find a bottom.

  • XLE and XOP are both in declines and I’m watching for price to put in a bottom.

  • Brent Crude Oil ($BRENT) fell 8% and is trading below its 200-day SMA.

• Dow Jones (DIA): Price still hasn’t tagged an extreme-high RSI reading indicating it still has more room to run. Price is also above its 5-day EMA signaling the trade is still on.

• The S&P 500 (SPY) & The Nasdaq (QQQ): Both indexes didn’t hold their breakouts last week. Both closed below their 20-day SMA and put in doji bars on Friday signaling a possible price reversal.

  • I’m watching to see if price holds here or not. Or rolls over.

• Bitcoin (BTC): Price was unable to hold its previous breakout moves and looks to be breaking support and its accumulation zone.

• Gold (GLD): I’m watching to see if price holds here or continues lower.

  • Price put in a doji bar on Thursday with an extreme-low RSI reading indicating a bottom could be in here.

  • Price is trading below its 200-day SMA which is considered bearish.

I’m watching GLD and USO for bottoms.

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V. Individual Stock Highlights & Winners From Last Week

Profit-Taking Opportunities:

• XLV, IBB, KRE

• SNDK, AIR, MMM, AEP, LLY, MRK, VKTX, ETSY

• CURE, PILL, DPST

Congratulations to everyone in these trades!

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VI. Nurse Jess’s Trade Ideas

Here are the setups I’m watching heading into next week:

1. Main Trade Ideas This Week

• DIA, IWM

• XLP, XLB

• ARKK, IGV, GDX, GDXJ

• MSFT, AMZN, UBER, CRM, ADBE, SHAK

• VZ, NKE, LMT, MDT, HSY, PEP, CPB, CE

• ACHR, JOBY, TREE, ENVX

2. Buy & Hold Undervalued Opportunities

These are trading below fair value or set up for long-term entries:

• ET, NKE, VZ, HSY, PEP, LMT, MDT, PFE, MCD, BX, CE

• MSFT, AMZN, UBER, CRM, ADBE

• CRSP, ENVX, TREE

3. Spec Trade Ideas

• TREE, FUBO, JOBY, ENVX

4. Leveraged Trade Ideas

• UDOW, URTY

• UYM, GDXU, JNUG, GUSH, ERX

• UBRL, MSFU, AMZU

5. My Watchlist

• QQQ, SPY, USO, $BRENT, GLD, SLV, BTC

• XLB, XLE, XLK, XLC, XLY

• SOXX, XOP, GDX, GDXJ

• AAPL, GOOGL, META, NVDA, TSLA, SPCX

• NUE, CVX, COP, XOM, NKE, MCD

• JOBY, ENVX, ACHR, BARK

6. New Tickers

• GS, SHAK, SPCX

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VII. Trade Breakdowns

Let’s take a closer look at each setup.

1. Uber Technologies, Inc. (UBER)

Uber Technologies, Inc. UBER 0.00%↑ is on the move and in a breakout!

Typically when the RSI is greater than 50 the trade is past a buy point so you could look to add on any price weakness or RSI pullback below 50.

UBER is also trading fairly valued here, but I think the stock is worth much more so its still not a bad place to add shares for a trade or a buy and hold position.

I’m looking to add to my leveraged position trade in UBRL.

Profit targets:

• An extreme-high RSI reading

• 200-day SMA: $81.50

• Second target zone: $93

• Previous high target zone: $100

UBER is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers.

The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology.

UBER operates in over 70 countries, with over 202 million users who order rides or food at least once a month.

According to Morningstar, UBER has a fair value of $85 and is currently trading fairly valued.

UBER is part of the Industrials sector (XLI) of the S&P 500 (SPY) and the Transportation Services sub-sector.

If you like leverage you could look to put on a double-leveraged swing trade in UBRL. Remember, when trading leveraged funds to use the un-leveraged chart for your trade analysis and plan.

Link to UBER chart

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2. Energy Transfer LP (ET)

Energy Transfer LP ET 0.00%↑ is entering a breakout here signaled by price closing above its 20-day SMA.

Price has been in an accumulation zone and trading undervalued.

This is a great opportunity to add to or start a buy and hold position.

Profit targets:

• An extreme-high RSI reading

• Previous high target zone: $20.50

• Fair value target: $24

ET is a diversified midstream firm operating from wellhead to consuming demand.

It handles natural gas, natural gas liquids, crude oil, and refined products.

Commodities are moved through its network of field-level gathering and processing to refineries and demand centers.

According to Morningstar, ET has a fair value of $24 and is currently trading undervalued.

ET is part of the Energy (XLE) of the S&P 500 (SPY) and the Pipelines sub-sector.

Link to ET chart

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VIII. Nurse Jess’s Weekend Market Notes

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IX. The Bottom Line

This a “selective risk-off” environment.

We never know where the markets are going to go. Price can only go three ways—up, down, or sideways.

Don’t force any trades. Let the setups come to you.

I like the DIA, GDX, IWM, IGV, and ARKK for trade setups this week!

I’m watching the SPY, QQQ, oil (USO) and gold (GLD) here.

I really like UBER, MSFT, AMZN, SHAK, CRSP, ET, CE, PEP, and HSY here.

Let me know what you’re watching and thank you so much for reading! 🙌

See you Wednesday for the Top Pick of the Week.🫶

-Nurse Jess 🤝

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ICYMI, Previous Articles →

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