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Hey friend,

It’s Christmas Eve, and our offices are officially closed for the week – so I’ll make it short.

As you may know, every Tuesday evening, I release a weekly video called Two Trades in Two Minutes.

Each video covers two high potential trade setups in roughly two minutes per setup.

But I get that some of you may miss out on that video because of the nature of the YouTube algorithm…

Or you may just prefer to have these trade ideas laid out in written form for easier reference.

That’s why I’m going to be recapping these two weekly trade ideas in this new newsletter – the Wednesday Watchlist.

So, without further ado, let’s get into the ideas for this week.

Trade Idea #1 – IONQ Inc. (IONQ)

The AI trade may still be hot…

But its cousin – quantum computing – has been out of favor for a while.

After a huge breakout off the lows in April – followed by another big breakout in September…

Quantum stocks have pulled back significantly.

But now, I’m seeing a textbook consolidation/shallowing pattern – the classic “pre breakout” setup – emerge in one particular quantum stock: IONQ.

If it breaks above $56/share, I would buy it there with a standard 10% stop.

Trade Idea #2 – Lam Research Corporation (LRCX)

While IONQ is a “pure play” quantum stock, this next one is a bit more of an indirect play.

Lam Research Corporation (LRCX) primarily enables quantum computing indirectly by providing advanced semiconductor manufacturing equipment.

This indirect exposure is likely why – unlike “pure play” quantum stocks – its stock has just kept charging upwards and pushing to new highs.

And not only has it exhibited the same consolidation/shallowing pattern as IONQ…

It’s already broken past the breakout point last Friday on above-average volume.

But that could just be the beginning of a powerful breakout.

I would get in on LRCX at current prices – but with a tight stop loss of about 8% (or at $161/share)

Bonus Ideas

If you missed the move in some of the gold stocks earlier this year, the good news is that there are a couple of other miners that are posting some classic breakout setups.

The first is Anglogold Ashanti PLC (AU).