The Weekly Trade Plan: Top Stock Ideas – Week of July 20, 2026

Traders,

I hope you’ve all had a wonderful weekend. 

Thursday’s IA meeting came at the perfect time, as I went over the potential for a significant bounce to play on Friday across the AI basket. If you missed that meeting, I urge you to go back and review Friday’s action and my comments from Thursday ahead of Friday’s action-packed morning.

With earnings season getting well underway this week, with a couple of mega-caps reporting, things should pick up nicely into the end of the month. I still maintain a move2move trader’s mindset, rather than a positioning/swing mindset, which I believe remains the right course of action going forward.

Alphabet and Tesla report on Wednesday, followed by Intel on Thursday.

Let’s get into some of my favorite ideas for the upcoming week.

2-Way Trading in SOXL: We couldn’t have asked for a better setup on Friday in SOXL, and many individual names related to AI storage, memory, etc. However, after the mixed action across the board into the close, I want to be careful not to get too biased toward the long side for continuation, especially ahead of key earnings. 

So, Initial thoughts on Monday: if we don’t get a major gap in either direction, key levels from Friday should hold, and looking for momentum long scalps. For example, I’d want to see the 2-day VWAP (from Friday) hold as support, or look for a pullback toward 127-130 and a subsequent reclaim to get long. 

If, on the other hand, we gap up and hold near/above Friday’s high, I would be open to long scalps but with tight risk and not a trade-to-hold given the distance traveled from Friday’s low in a short amount of time. 

Alternatively, if a gap fails early, or we open flat and hold weak sub-intraday/2-day VWAP, and we see Friday’s low in key performers begin to retest and fail, I would be looking for momentum short scalps until the structure breaks. As I said, I’m not married in either direction.

*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.

Then, following on broadly from SOXL, of course there are a number of individual names to focus on as well, from SNDK to MU, DRAM, INTC, to NBIS, etc. I can’t cover them all, so let’s just go over 1 individual name:

Momentum Trading in NBIS: Great vehicle, among others, on Friday. Again, I don’t want to get married to the idea that we have to bounce for multiple days, so I’ll be wary of that and reactive only to price action. Ideally, though, I’d love buyers to step in on dips on Monday, near 175+, and to see action firm up above the 2-day / 180. If I notice firm action across the basket, I’d look to get long on a range-break for a re-test of Friday’s high. If that occurs, thereafter, I’d trail with a tight stop until the structure breaks, for example. On the short side, the same plan as mentioned above in SOXL. 

*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.

One name that displayed notable weakness in the close relative to its peers was SNDK. If initial weakness and failure to hold key levels play out, I’d be most inclined to short SNDK if we take out/hold weak under Friday’s low, for continuation, with the 100-day acting as a potential magnet on the downside. 

Another scenario that could be ideal and create a potential intraday springboard would be an initial flush underneath Friday’s low, followed by an intraday reclaim and pushback toward Friday’s high… just something to think about. 

*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.

Failed Follow Through in VEEE: Great long scalp opportunity on Friday for the squeeze out through highs. However, following the reversal and weak close, I’m inclined to look for pops back toward the mid-40s to fail. If we get any pushback into that supply zone, I’d look for confirmation of failure and a well-defined level to short against for a move back toward Friday’s lows/low 30s. 

*Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.

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