The Weekly Trade Plan: Top Stock Ideas & Execution Strategy – Week of June 8, 2026

Traders,

As always, I look forward to sharing some of my top ideas with you for the upcoming week. Of course, Friday was a significant change in character and a shift in momentum. With many leading names now breaking below major support and short-term key SMAs, I won’t be looking for dip-buys unless we get capitulatory moves or a reclaim of key short-term SMAs / support and continue to base. 

With that in mind, let’s get right into it.

Capitulatory / Washout Long in SOXL: The only long I’d be looking to allocate risk to in semis / SOXL would be in the event we get a gap-down / significant wash lower. If that were to happen, I’d look for a lower-timeframe reversion trade toward the intraday or multi-day VWAP. Specifically, I would want a higher low to confirm or significant capitulatory volume on a downmove before getting long against the LOD for an intraday trade. 

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