Nurse State of The Market 5-24-26 Sunday Market Playbook
A top-down analysis and plan for the week ahead.
Welcome back to your weekly market checkup!
I hope you had an awesome week!
In case you missed it, you can see last week’s top play of the week here →
A quick highlight from last week →
Advanced Micro Devices, Inc. AMD 0.00%↑ banged an extreme-high RSI reading again! AMD was given out as a trade idea in the Sunday Market Playbook on 3/22/26. This is the fourth profit taking opportunity this play has given us and is now trading fairly valued. Congratulations to you in the AMD / AMDL trade!!
A quick update from last week →
I’m officially opening the first founding round of The Stock Market Playbook for Beginners—a live 90-minute workshop built for people who want to understand the market without feeling overwhelmed.
Founding members also receive lifetime access to Nurse in the Market + a private 1:1 session with me.
If you’ve been wanting structure instead of noise, details are linked below.
CLICK HERE to join the stock market playbook workshop Saturday, May 30th at 12pm ET!
Now…let’s dig into last week’s market recap and the playbook for the week ahead →
The markets made history again last week!
The Nasdaq (QQQ) and the S&P 500 (SPY) hit new record highs again! The SPY has cooled off a bit; but the QQQ is still trading at an extreme-high RSI reading here.
The Dow Jones (DIA) also hit a new record high! Price still hasn’t tagged an extreme-high RSI reading indicating that there is still room for price to run higher.
Bonds (TLT) put in a doji bar while just barely tagging an extreme-low RSI reading signaling a potential bottom could be in. Then, jumped above its 5-day EMA further confirming an accumulation zone here giving us a potential trade idea this week.
The breakout in Gold (GLD) lost its momentum and price closed below its 20-day SMA with a doji bar signaling a possible bottom is in. I’m still watching to see if price holds or rolls over here.
Oil (USO) closed below its 20-day SMA which signals a decline could be underway here. I’m watching for price to close below it again for confirmation of the decline.
After just tagging its 200-day SMA, Bitcoin (BTC) may be entering a decline here back below it.
The Nasdaq (QQQ) was the top performing index of the Big 3, while the Dow Jones (DIA) was the worst.
I. The Market Vitals (Best to Worst)
Here’s how the 7 major asset classes ranked this week:
The Nasdaq-100 QQQ 0.00%↑
The S&P 500 SPY 0.00%↑
The Dow Jones 30 DIA 0.00%↑
20 Year Bonds Treasury ETF TLT 0.00%↑
Oil USO 0.00%↑
Gold GLD 0.00%↑
Bitcoin ($BTCUSD)
♥️Market Pulse: 4/7
4/7 assets are up.
QQQ, SPY, DIA, and TLT are up.
USO, GLD, and BTC are down.
II. Section Rotation (11 SPDR S&P 500 Sectors)
Above is the 5-day performance across all 11 sectors.
Utilities XLU 0.00%↑ was the top performing sector of the S&P 500 SPY 0.00%↑ , while Communication Services XLC 0.00%↑ was the worst.
The top three performing sectors were Utilities (XLU), Health Care (XLV), and Real Estate (XLRE).
The worst three performing sectors were Communication Services (XLC), Materials (XLB), and Energy (XLE).
Technology XLK 0.00%↑ is still climbing higher and trading at an extreme-high RSI reading; however, it closed with a doji bar on Friday indicating a top could be in here.
Health Care XLV 0.00%↑ broke out and got back above its 200-day SMA.
Utilities XLU 0.00%↑ is back above its 200-day SMA and setting up for a play here this week. I like trading the UTSL for a triple-leveraged utilities play.
Energy XLE 0.00%↑ and XOP 0.00%↑ have closed below their 20-day SMA and entered declines here oil USO 0.00%↑ .
All SPDR sectors except Financials (XLF) are trading back above their 200-day SMA here, which is typically a bullish sign.
III. Important Sectors & ETFs
Beyond the main sectors, here’s what stood out this week:
SPDR S&P Oil & Gas Exploration & Production ETF XOP 0.00%↑ has closed below its 20-day SMA signaling a decline is underway, which is following suit to the Energy sector XLE 0.00%↑ .
The iShares Expanded Tech-Software Sector ETF IGV 0.00%↑ continued to climb higher and hit a new record high! The RSI is only 65 indicating price still has room to run as it approaches its 200-day SMA.
iShares Semiconductors ETF SOXX 0.00%↑ reached another record high and is trading at a near extreme-high RSI reading indicating price can still go higher!! This has been an incredible run for semiconductor stocks here like MU, AMD, SNDK, and POET.
The Russell 2000 Index IWM 0.00%↑ came right back into an accumulation zone and broke out again! There is no quit in the IWM either here! Let’s see if price keeps climbing higher this week.
Ark Innovation ETF ARKK 0.00%↑ is setting up in an accumulation zone right below its 200-day SMA.
Regional Banks KRE 0.00%↑ is setting up for a potential breakout here above its 200-day, giving us a trade idea this week. DPST is my go-to for a triple-leveraged regional banks trade.
The markets and sectors have regained strength here. The QQQ, DIA, and SPY are hitting new all-time highs! A lot of sectors are running with still room to go on the RSI. Let’s see if markets continue to climb higher this week.
IV. What Assets & Sectors I’m Watching
Here’s what I’m focused on next week:
Oil (USO): Will price keep falling here or will price hold here?
XLE and XOP both closed below their 20-day SMA signaling declines could be underway. Looking for confirmation this week.
Dow Jones (DIA): Will price keep climbing and reach an extreme-high RSI reading after it finally reached a new all-time high?
The S&P 500 & The Nasdaq (SPY & QQQ): The SPY has cooled off and is no longer trading at an extreme-high RSI reading here; however, the QQQ is. Use caution and don’t FOMO into any positions.
Lock in profits and leave some to run!
Let your winners run!!!
Gold (GLD): Price put in a doji. I’m watching to see if a bottom is in and price holds here and starts basing or falls lower.
Material (XLB): I’m looking at materials for a potential set up here if price breaks out. I like UYM for 3x leverage.
V. Individual Stock Highlights & Winners From Last Week
Extreme-High RSI Readings & Profit-Taking Opportunities:
SPY, QQQ
XLK, SOXX
WGMI
D, KO, CSCO
AMD, AAPL, CLSK
Leveraged trades: UPRO, TQQQ, SOXL, AMDL, AAPU
Congratulations to everyone in these trades!
VI. Nurse Jess’s Trade Ideas
Here are the setups I’m watching heading into next week:
1. Main Trade Ideas This Week
TLT
XLU, XLB, XHB, KRE, IBB, ARKK
HSY, MCD, NKE, VZ, LMT, NVO, CPB, HD, PG
CRM, ADBE, MSFT
META, RACE, LULU, CRSP, SOFI
2. Buy & Hold Undervalued Opportunities
These are trading below fair value or set up for long-term entries:
CRM, ADBE, MSFT
NKE, VZ, HSY, LMT, CPB, MDT, NVO, MCD, BX, FE
META, RACE, LVMUY, LULU, CRSP, TREE, SOFI
3. Spec Trade Ideas
JOBY, ACHR, ENVX
VKTX, RIVN, HIMS, TREE
4. Leveraged Trade Ideas
TMF
UTSL, UYM,
FAS, DPST, NAIL, PILL
CRMG, ADBG, MSFU
FBL, NFXL, LMTL, NVOX, HIMZ
JOBX, RVNL, SOFX
5. My Watchlist
GLD, USO, BTC
SLV
XLC
ABNB, SBUX, GOOGL, RDDT, UBER
VII. Trade Breakdowns
Before we get into this week’s trade breakdowns, you’ll notice something:
CRSP and META are back.
Same names. Same watchlist and that’s intentional.
One mistake I see traders make all the time is abandoning good stocks too early.
A setup doesn’t immediately break out, so they assume the trade is dead.
Then they jump to a new ticker.
Then another and then another.
By Friday, they’re staring at ten charts and wondering what the hell happened.
Following the same stocks matters because familiarity creates pattern recognition.
You start learning how a stock behaves.
How it reacts around key levels.
Where buyers usually step in.
How it moves when momentum starts building.
And sometimes a stock taking longer isn’t a bad thing.
Sometimes it means the setup is still building.
If the structure and thesis are still intact, more time can actually work in your favor. It gives you more time to build intentionally instead of chasing price.
CRSP and META still fit the process.
So they’re staying on the field this week.
1. CRISPR Therapeutics AG (CRSP)
CRISPR Therapeutics AG CRSP 0.00%↑ is trading in an accumulation zone below its 200-day SMA.
A breakout might be underway as price closed above its 20-day SMA.
CRSP was our first top pick of the week on 4/2/26.
This is a wonderful buy and hold opportunity and position trade play here!
Profit targets:
An extreme-high RSI reading
First target zone: $59-$62
Previous high target zone: $74-78
Fair value target: $106
CRSP is focused on using this technology to treat genetically defined diseases.
The company’s first approved drug is Casgevy, which was developed in collaboration with Vertex Pharmaceuticals and targets sickle-cell disease and transfusion-dependent beta-thalassemia.
The company is advancing a variety of gene editing programs in immuno-oncology, cardiovascular, and a stem cell-derived therapy to treat Type 1 diabetes.
According to Morningstar, CRSP has a fair value of $106 and is currently trading undervalued.
CRSP is part of the Health Care sector (XLV) of the S&P 500 (SPY) and the Biotechnology sub-sector.
2. Meta Platforms, Inc. (META)
Meta Platforms, Inc. META 0.00%↑ is trading in an accumulation zone again giving us another chance to add to our buy and hold positions and leveraged swing trades in FBL.
The company is also trading undervalued here, which doesn’t happen a lot for this mega-cap, growth stock!!
This is another beautiful buy and hold opportunity here!!
META was our first top pick of the week on 5/14/26.
Profit targets:
An extreme-high RSI reading
Around 200-day SMA target: $680
Previous high target zone: $760
Fair value target: $850
META is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide.
The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. META packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers.
According to Morningstar, META has a fair value of $850 and is currently trading undervalued.
META is part of the Communications Services (XLC) of the S&P 500 (SPY) and the Internet sub-sector.
VIII. Nurse Jess’s Weekend Market Notes
IX. The Bottom Line
The market is trading an extreme levels and record highs.
Use caution here and don’t FOMO into any trades.
Lock in profits here, but leave some to run!
I like TLT, GLD, GDX, and XLB for trade setups this week!
I’m watching USO, and BTC. Along with XLE, XLU, XLC, and XOP.
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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This guy was joking about how much money 💴