Low Float Movers, FOMC & more - Weekend Watchlist

Humbled Trader's day trading & swing trading ideas

Author

Humbled Trader
March 23, 2025

‎

Markets started the week strong after Congress passed a funding bill, and optimism around Nvidia’s GTC Conference fueled hopes for a tech rebound. However, Nvidia shares fell 4% as the event failed to impress investors.

A continued rotation out of mega-cap growth stocks and into defensive sectors like Utilities and Energy signaled a more cautious tone. The Fed held rates steady but issued a slightly dovish outlook, which sparked a brief mid-week rally that faded by Friday. Economic data remained mixed, with no clear signs of strength or weakness, keeping investors on edge.

The market outlook for next week is cautiously bearish, with several key data points and earnings reports likely to shape sentiment.

‎TLDR Stock Market Weekly Update - March 21, 2025

📉 Market Trends

  • Markets are on pace for a fifth straight weekly loss.

  • All major indices, including the S&P 500, are now in correction territory (down 10%+ from highs).

  • Friday's bounce was not enough to offset overall bearish momentum.

📊 Technical Levels & Market Signals

  • Volatility declined, hinting that traders expect possible consolidation.

  • However, technical indicators suggest that downward pressure remains, especially with growth sectors underperforming.

💡 Sector Rotation

  • Investors are rotating into defensive sectors like Utilities, Energy, and Consumer Staples.

  • Growth-focused sectors like Tech and Communication Services are struggling, with fewer stocks trading above key moving averages.

🏛️ Federal Reserve & Economic Indicators

  • The Fed held interest rates steady but raised inflation expectations and lowered its GDP outlook.

  • Fed Chair Powell struck a dovish tone, calling recent tariff effects “transitory.”

  • Economic data was mixed – strength in jobless claims but weakness in retail sales and housing.

Sources: Charles Schwab

‎

📅 Coming up during March 24-28, 2025…
Economic Events:

  • Mon, Mar 24: S&P Global Manufacturing & Services PMIs

  • Tue, Mar 25: New Home Sales, Consumer Confidence

  • Wed, Mar 26: Durable Goods Orders, MBA Mortgage Applications

  • Thu, Mar 27: Jobless Claims, Final Q4 GDP, Wholesale Inventories

  • Fri, Mar 28: Core PCE (Fed’s preferred inflation metric), Personal Income & Spending

Notable Earnings Reports:

  • Mon, Mar 24: OKLO, KBH

  • Tue, Mar 25: GME

  • Wed, Mar 26: CTAS, PAYX, DLTR, CHWY

  • Thu, Mar 27: LULU

Sources: Earnings Whispers, Charles Schwab

‎

‎

DG $83.66

  • Consumer defensive name that had been beaten down previously due to weak earnings.

  • It’s been consolidating in this range for the last six months. And it’s held up relatively better than the market even during recent turbulance.

  • Looking for a potential range breakout and continuation above the $84.7s KL.

  • If that area holds up, we could see steady consolidation and higher lows to retest the $90 daily 200SMA.

  • This is a potential day trading and swing idea if the thesis plays out.

  • Position Disclosure: No position

‎ 

CAVA $83.85

  • The stock had sold off over 50% from its highs. The market feared that the company’s growth may be slowing down, especially with the impact of tariffs.

  • Looking for a purely technical reversal on this name IF the stock continues to hold the KL $81 mark on the daily.

  • If KL holds, we could see a potential curl and trend reversal towards $90 and above.

  • However, if the stock breaks down below 8EMA and stays within the daily downtrend, it’s no longer a valid long idea.

  • This is a potential swing idea with the KL holds.

  • Position Disclosure: No position

‎‎

CRVO $14.29

  • Very small market cap biotech name. The stock started rallying after reporting earnings and positive Phase2b results in the treatment of DLB.

  • This is also a low float name of only 5M float. Remember to trade with caution.

  • No clear bias on this name. The stock is very extended, but at the same time there is likely many shorts still trapped in this name.

  • $15 area is a clear congestion zone. If buyers cannot push through that level next week, we could see a potential pullback towards the $10 mark.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- Carvana Co ($CVNA) Carvana Stock Rises as Piper Sandler Advises Buying the Dip After Recent Selloff.
- How we traded: Trend Join Long Strategy

- Intel Corp ($INTC) New CEO Lip-Bu Tan Plans Major AI Strategy Overhaul.
- How we traded: Backside Long Strategy

‎

Check out this amazing trade made by our wonderful HT community member: Jack!
Thanks for joining us in our PM Planning session!

Ready to Elevate Your Trading in 2025?
Check out the Humbled Trader community!

Trade alongside and engage in market discussions with like-minded traders, and learn from our team of experienced trading coaches.

Your success story could be featured in one of our next “Top Trades of the Week” showcases! Learn more about our community and what we offer by clicking the button below.

2024 TAX Filing deadlines are coming up…

It’s time to brush up on some trader tax essentials.

Whether you’re from USA or Canada, we’ve got some quick videos covering what you must know about trading taxes!

🇺🇸 USA: Day Trading Taxes, IRS Trader Tax Status vs Investor Status
🍁Canada: Day Trading TAXES in Canada 2025

Email Disclaimer:
The Watchlist Emails are NOT trade alerts to buy or sell. We are not financial advisers. The above information is for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments. You accept our Terms and Conditions.