Sample issue · published June 12, 2026
The Position Letter
Week of June 15–19, 2026 · all levels reference the Friday weekly close
Market environment
NEUTRAL
QQQ above the 10- and 30-week averages, but below the 4-week — a short-term character shift. Constructive, not aggressive.
QQQ 705.06 · 4w 711.27 · 10w 676.4 · 30w 631.12
This week's entries
| Entry zone | 65.68 – 68.31 |
| Stop | 65.68 (prior week's low) |
| Size | 380 shares at $500 risk |
| Group | Recreational Vehicles · 2 names in screen |
Evidence
- –Volume surge Apr 13 (7 weeks ago): 3.6× the 10-week average, +4.9% week
- –Higher low May 18 @ 58.81 — major low 30.92 set Apr 2025
- –First 10-week-MA hold on Apr 13 after 10 rejections during the downtrend
- –Stop 65.68 (prior week's low, 0.58% below entry zone)
- –Group cluster: Recreational Vehicles — 2 names in the screen (with HOG)
Plan: Set an alert at 65.68. Buy only if the pullback reaches the 65.68–68.31 zone quietly — contracting weekly ranges, dry volume. Stop goes at 65.68. Do not chase strength.
| Entry zone | 37.24 – 38.73 |
| Stop | 37.24 (prior week's low) |
| Size | 671 shares at $500 risk |
| Group | Software — Infrastructure · 3 names in screen |
Evidence
- –Volume surge Feb 23 (14 weeks ago): 2.2× the 10-week average, +6.0% week
- –Higher low May 11 @ 27.73 — major low 21.45 set Aug 2024
- –First 10-week-MA hold on Feb 23 after 13 rejections during the downtrend
- –Stop 37.24 (prior week's low, 0.48% below entry zone)
- –Group cluster: Software — Infrastructure — 3 names in the screen (with OKTA, TWLO)
Plan: Set an alert at 37.24. Buy only if the pullback reaches the 37.24–38.73 zone quietly — contracting weekly ranges, dry volume. Stop goes at 37.24. Do not chase strength.
| Entry zone | 38.4 – 39.94 |
| Stop | 38.4 (prior week's low) |
| Size | 649 shares at $500 risk |
| Group | Electronic Components |
Evidence
- –Volume surge May 11 (3 weeks ago): 3.2× the 10-week average, +38.3% week
- –Higher low May 11 @ 23.60 — major low 5.84 set Sep 2024
- –First 10-week-MA hold on May 11 after 15 rejections during the downtrend
- –Stop 38.40 (prior week's low, 3.23% below entry zone)
- !Lone name: only Electronic Components hit in the screen — group rotation unconfirmed
Plan: Set an alert at 38.40. Buy only if the pullback reaches the 38.40–39.94 zone quietly — contracting weekly ranges, dry volume. Stop goes at 38.40. Do not chase strength.
What didn't make it
The weekend screen surfaced 34 candidates. 14 failed a hard gate — no qualifying volume surge, lower lows still printing, or no defensible stop. 10 were marginal: one piece of evidence short, or too extended for a tight stop. 10 passed every gate; the letter carries the top three and watches the rest. A week with zero picks ships with zero picks.
Group clusters in this week's screen
- Software — Infrastructure3 names
- Internet Retail2 names
- Recreational Vehicles2 names
- REIT — Office2 names