I’ve never seen the Nasdaq this stretched. +5 ATR right now, and I don’t remember ever seeing that in all the years I’ve been doing this.

There’s probably going to be a wicked pullback at some point. I don’t know what’s going to trigger it, and I don’t know if it’s a gap-up that gets engulfed or just a 2% down day out of nowhere. Something’s gotta give.

Here’s the thing, though.

Just because the indexes are stretched doesn’t mean there are no good setups out there. You just can’t be chasing stuff at 4 and 5 ATR right now, because that is lunacy.

So this week I’m focused on four names that are NOT extended.

One of them gapped up 30% yesterday after crushing earnings for the second quarter in a row. Last time they did this, the stock doubled.

Another one just reported earnings, is sitting on a daily squeeze, and has a clean path back to $250. Bitcoin is cooperating, and the setup is textbook.

Then there’s the short squeeze play, 50% short float, coming out of a reverse head-and-shoulders bottom. The kind of chart that could rip if the market keeps doing what it’s doing.

And one more that I want you to wait on. It looks phenomenal, but I’d rather see a pullback into support before we load up on calls.

I walk through all four setups in this week’s video watchlist, including the levels, the expiration dates I’m using, and why every one of these names still has room to run.

Watch: This Week’s Watchlist Video