The Perfect Watchlist

March 2, 2025

Just a couple of weeks ago, I posted my watchlist and was willing to give the market until April 20 – about six to eight weeks to see if the stops being hit on CVNA and PLTR several weeks ago was just an anomaly (shakeout) or something a lot more significant.

It turns out the market had no interest in waiting. Suddenly, so many stops being hit means something. What does that mean? What are stocks telling us? Are we really listening to stocks? Shorten the list is what I would suggest.

The Perfect Speculator’s Watchlist

Tier 1 – Stocks In An Uptrend (Uptrend Intact For Months)

These stocks have been in an uptrend for months and along the way there have been at least one or more opportunities to make a big commitment.  And perhaps one or more shakeouts as well.

VRNA (Verona Pharmaceuticals)

SMMT (Summit Pharmaceuticals)

I have not updated the charts for VRNA and SMMT from two weeks ago. I will just wait a bit and see what happens.

Verona (VRNA)

Shown in three charts, just because the set-up has been so long in the making. The first chart shows the entire five-year chart. The other two show sections within the entire chart. It is very simple and self-explanatory.

Full Chart VRNA

Section 1 VRNA

Section 2 VRNA

Summit Therapeutics (SMMT)

Tier 2 – Stocks In An Uptrend (Uptrend Intact For Weeks/Months)

These stocks have been in an uptrend for weeks/months but yet to offer an opportunity to make a  big commitment while facing zero losses. You are waiting, and doing everything right, and you may still not be entirely successful.

ASTS (AST Spacemobile)

RYTM (Rhythm Pharmaceuticals)

HIMS (Hims And Hers)

EBS (Emergent BioSolutions)

SRRK (Scholar Rock)

BBAI (BigBear.AI)

ROOT (Root)

WGS (Genedx Holdings)

Tier 3 – The Challenges Abound For The Perfect Speculator

Somewhere within this pool of stocks, there may or may not be a new winner. 

QURE (Uniqure N V)

PDYN (Palladyne)

CRNC (Cerence)

API (Agora)

CMRX (Chimerix)

CADL (Candel Therapeutics)

KC (Kingsoft Cloud Holdings)

INOD (Innodata)