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July 2021 Watchlist: Entry Points

July 1, 2021·12 min read·By The Wealth Catchers
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Our July 2021 stock and ETF watchlist with entry points, sector analysis, and market outlook.

Market Overview

June for the most part was a pretty stable month. We had some pretty decent dips in the Dow and S&P on 6/18/21. As for the NASDAQ, it held strong and hit a new 52-week high so did the S&P. At the close of the month the VIX was at 15.82 and the "Fear and Greed" index was at 42, indicating fear.

Index Performance

IndexPerformance
Dow Jones (high)35,091
S&P 500 (high)4,302
NASDAQ (high)14,535
Russell 2000 (high)2,360
VIX15.82
Fear & Greed42 (Fear)

Top Sectors

NASDAQNew 52-week high
S&P 500New 52-week high
Market breadthBroad participation

Bottom Sectors

Dip on 6/18Fed rate hike hints
Small-capsSlight underperformance
Value vs growthGrowth led

Stock Entry Points

TickerDaily EntryWeekly Entry
NKE$128–$136$128–$136
ABNB$144–$160$144–$160
MSFT$227–$247$227–$247
AAPL$121–$128$121–$128
AMZN$3,179–$3,252$3,179–$3,252
SHOP$1,118–$1,231$1,118–$1,231
SQ$199–$234$199–$234
NKE$128–$136$128–$136
WMT$134–$141$134–$141
MCD$217–$226$217–$226
SBUX$98–$110$98–$110
TSLA$563–$669$563–$669
V$210–$223$210–$223
PG$132–$135$132–$135
Z$104–$133$104–$133
PYPL$227–$261$227–$261
ADBE$482–$496$482–$496
WM$120–$130$120–$130
CHPT$23–$27$23–$27
IIPR$158–$186$158–$186

ETF Entry Points

TickerDaily EntryWeekly Entry
ARKK$111–$122$111–$122
VUG$247–$267$247–$267
VGT$341–$371$341–$371
VOO$341–$374$341–$374
SMH$211–$243$211–$243

Key Takeaways

  • June 2021: S&P and NASDAQ hit new 52-week highs despite brief Fed-induced dip.
  • VIX at 15.82; Fear & Greed at 42 — sentiment cautious even at new highs.
  • Strategy: 50, 72, 100, 200, 253-day SMAs + Bollinger Bands for entry identification.
  • 10% correction buffer will be added to new highs once they are set.

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