Planning Ahead — My Watchlist, My Levels, and My Next Moves

I want to take you through something I do regularly that most traders skip: planning ahead before the market forces you to react. Let me show you what I'm watching and where my next entries will be.

Quick glance at QQQ — it looks exactly the same as it did last week. Double top at $640, support still holding at $580, 200 moving average at $590. Nothing's changed. But here's what I'm doing differently this week: I'm mapping out my next step if that support doesn't hold.

Using a Fibonacci projection from the double top, my downside target is the $525–$545 zone. That's where I expect the next meaningful support to kick in. And there's old resistance at that level too, which becomes new support.

So if QQQ hits those levels, what am I buying? I've gone through my entire watchlist of my 7 favorite stocks — and drawn in the key levels for each one.

Let me give you a sneak peek at a few...