Here are the top 6 stocks we are watching for swing trades going into the week of 1/22/2024:

Disclaimer: Davis Capital research provides information and educational content related to stock trading for informational purposes only. The content is not intended as financial advice or a recommendation to buy or sell any securities. Davis Capital Research is not a registered investment advisor. The information provided on our platform, including articles, charts, and analyses, is not intended as financial advice. Users are encouraged to consult with a qualified financial professional before making any investment decisions. While we strive to provide accurate and up-to-date information, Davis Capital Research does not guarantee the accuracy, completeness, or reliability of any content on our platform. Users are responsible for verifying information before making any investment decisions. Trading stocks involves risks, and past performance is not indicative of future results. Users should be aware of the risks associated with trading and carefully consider their investment objectives before making any decisions. There are no guarantees of profit or protection against losses in stock trading. Users should be prepared to accept the risks and understand that investments may fluctuate in value. Davis Capital Research may provide links to third-party websites or content for informational purposes. We do not endorse or guarantee the accuracy of information on external sites and are not responsible for any content or services provided by third parties. Users are responsible for ensuring that their trading activities comply with applicable laws and regulations. Davis Capital Research is not liable for any legal consequences arising from non-compliance. The mention of specific securities or investment strategies on our platform does not constitute a recommendation or endorsement by Davis Capital Research. Users should conduct their own research before making investment decisions. Davis Capital Research reserves the right to modify or update these terms and disclaimers at any time. Users are encouraged to review this information regularly. By using Davis Capital Research’s platform, users acknowledge and agree to the terms outlined in this disclaimer.

1. $DIS. Walt Disney Company (The).

I have been stalking this name for a few weeks now. Broke out of the weekly pullback this week on A+ volume and price action candle. 7 weeks of consolidation over previous resistance at $90. Bullish structure on the weekly as price failed to make a lower low last week, and pushed higher this week. Nice S/R flip of the $90 level on the weekly. VPA + market structure + S/R flip. My trade invalidation level is a weekly close below $88.69. Large volume shelf sitting at $100, I will likely be taking profit near that area.

2. $CZR Caesars Entertainment, Inc.

Reminds me a lot of $CMCSA (which finally woke up this week). High volume breakout followed by 4 weeks of consolidation over the breakout level. Love the rising weekly volume as spreads were decreasing. This week we had an A+ bullish weekly candle and associated volume. Bullish market structure on the weekly. Increasing volume on the monthly. I don’t use the 3M candles often, but found the high volume doji to be interesting as it found support over previous structure. My invalidation level for $CZR is a weekly close below the low this week at $43.66. Clear accumulation on the volume profile.

3. $MU Micron Technology, Inc.

Nice continuation play here. Massive buying coming in on the weekly, then 3 weeks of consolidation. Buyers stepped back in this week and created a higher low on the weekly market structure. Really like how price is now using the volume node on the weekly as support. Rising volume on the monthly as well. My invalidation level for $MU is a weekly close below $82.33.

4. $ADSK Autodesk, Inc.

Continuing the theme of high volume breakout, low volume pullback, buying continuation. The $230 level posed as heavy resistance on $ADSK. Now price is using the level as support and confirmed the S/R flip. Structure favors the bulls on the weekly. Price has tended to knife through the $245-$275 level as seen on the volume profile reflected in the large gap. My invalidation level for $ADSK is a weekly close below $240. I would not like to see price lose previous structure it just broke through this week.

5. $IBKR Interactive Brokers Group, Inc.

Mainly using the weekly and daily on this one. $IBKR just reported earnings last week and showed strong buying post earnings. Price flipped previous resistance to support and completely engulfed the sell-off due to earnings. Bullish market structure on the weekly. Nice S/R flip of the ~84.30 level. My invalidation level for $IBKR is a daily close below $84.08.

6. $IWM Russell 2000

Absolutely love this chart and setup. High volume breakout with associated volume. 3 weeks of pullback and then had an above average volume hammer candle weekly. Massive spot on the monthly as price looks to flip previous resistance to support. Large volume gap on the weekly. Would love a move to $220-$230. Invalidation level for $IWM is a weekly close below $187.53.