Watchlist

[Natalia]

The market has been acting strong the past 2 days, despite the underlying weakness. Leaders has been acting strong and holding up well.

We are in the  middle of earning season, and market can go either way. Last night we see many stock got beaten up after hours: PNRA, AWAY, VMW.

Many stocks also breaking out or have an awesome day today ahead of the earning (made me cautious too)...

Today will mark day 4th of the Rally Attempt, therefore we are start looking for a follow through day to signal the beginning of a new uptrend. Follow through day is when any of major indices rise at least 1.4% in price with volume that is higher than the day before.

Good follow through day should also witness many leading stocks breaking out to new high.

Always have your watchlist ready to go... below are some of the stocks that I think are setting up.  They are for educational purposes only, not buy/sell recommendation.

Because of market and good stocks are super extended, not seeing many good bases/set up, a lot of whipsaw action, up one week, down the next week, then up and down, and up... bases will need to tighten up....  good set up are very rare now. 

Market likes defensive stocks like KO, PEP, JNJ, PFE, VZ, PG... 

Market also rewarding a very short term trader because there are no follow through in either direction (long/short).

This kind of environment drain your energy, emotional capital, and money. Don't get sucked into this crazy game, wait for trending market (we need to break out from the consolidation up/down) to start trending again)... This market will rob you of your money and emotion capital. By the time it is start trending again you'll be so exhausted and don't want to jump in the market (long/short) and miss the trend. 

Investing game need a lot of works and efforts...

ARMH: Gap up on good earning report today.

Be aware that $49 and $50 was the high on Feb 2000, 

LGF: They produce "Hunger Games", "Twilight Saga", "Mad Men", and "Nashville" 

Tight Areas and 1st bounce of the 10 week line.

Earning is not due till another month

GWRE: They develops web-based policy management, underwriting, claims management and billing software for the insurance industry ~ and recently insurance industry has been moving up

The stock is just passing its IPO high.

Earning in early June

GOOG: Android phones are everywhere ~ Innovative products

May be still in base building mode, may find support at the 50 dma

Have a great rest of the week ~

-- 
~ N a t a L i a ~

(484) 857-2378

www.meetup.com/PlanoIBD

.