✅ The markets went sideways today but there were still stocks on the move. We sold the the DECK Calls we bought last week for +14% in just 2 trading days. Our members made nice profits in MCHP and CRON. Two of our trade ideas worked out very well today – ARWR and MAT up 8% and 3.3% respectively.
✅ The U.S. futures formed a Doji on Monday after successfully holding the 2675 level on Friday. Meanwhile the StochasticRSI oscillator continues to fall which, with Price holding, I interpret as a Bullish sign (see chart below). I expect the next move higher could come in the next couple of days. As we have said before be patient and wait for your setups.
Membership and 30-Day Trial 👉 Click here for more information
✅ Our focus continues to be on earnings stocks and those that are “on their own page”. This is just a pullback in an overall Up trend so we will be looking for Bullish setups … at least until the charts tell us differently.
The T2122 4 Week New High / New Low Ratio chart shows the breadth of the market where the number of stocks making new monthly Highs outnumber those making monthly Lows by nearly 9 to 1 (see chart below).
Notable Earnings 2/12/2019:
BHF, CHGG, FIS, FMC, HUN, NNN, OHI, OMC, SHOP, TAP, USFD, VNO, WEC, WELL
✅ Tuesday’s Long watchlist includes: CHGG, BHF, HTZ, CAR, TNDM, NVRO, JELD, RHI, SKX, MYL, SYF, ALGN, ROST, STLD, MDCO, LUV, EFX, MA
✅ Tuesday’s Short watchlist includes: FMC, OHI, BIG, KSS
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service