Two media companies break out to all new highs. Only one is in a good place for adding to portfolios. Palo Alto Networks looks ready to run. Other stocks present buy signals also.
Christopher Davies Tags: ALE, CHTR, CNMD, DIS, ENV, EXPD, HIIQ, IRTC, PANW, PARR
Christopher Davies Tags: DORM, EHTH, FLDM, IIPR, LSCC, PAYS, PLAN, QDEL, SQ, Z
Lattice Semi, a Top Ranked stock, broke out today. Others also showed strength, but may need to retrace some gains for better entry positions.
Christopher Davies Tags: ADVM, ALRM, CCOI, CMG, DRI, ELS, FLXN, RCL, SSTK, ZG
A real estate stock looks attractive, having been in a positive trend since 2009. It has a potential 5:1 reward to risk ratio. Bearish trade ideas also in focus include a cruise line and a drug stock.
Christopher Davies Tags: ATHM, AZUL, CNDM, DIN, GRVY, KRYS, MKTX, PIE, TOELY, TSN, WUBA, ZYNE
Many stocks breaking down today, with only a litte pressure on the main indexes. But did Emerging Markets break out for real?
Christopher Davies Tags: ADUS, AWI, CHDN, FICO, IGV, KMX, MA, MFUS, OEF, TSLA
TSLA breaks out, but is it worth getting long? Three ETFs made today’s list, while Mastercard catapults higher.
Christopher Davies Tags: AMRN, CC, CHH, ITCI, LYV, MDCO, NXST, PNC, ROKU, UAL
A Top Ranked stock is pulling back and sitting at support. Can it hold on? Meanwhile two medical stocks broke out today, along with others.
Christopher Davies Tags: GLD, IYT, KRE, LNG, SLV, UNG, USO, XLB, XLF, XLI, XLU, XOP
July starts strong, but often finishes weaker. The week after Options Expiration week – this year starting on the 22nd – can be particularly volatile. July ends the NASDAQ’s best eight months, and starts its worst four months . We will provide notification when the NASDAQ sell signal comes.
Christopher Davies Tags: AAP, AKAM, AMAT, BMI, CCMP, CUB, HLT, NFLX, SNPS, XRX
Advance Auto Parts, Inc. ($156.59) – Autos and Parts – AAP returned to a buy signal with a double top break at $158 in Monday’s trading. Despite today’s breakout, the technical picture remains decidedly negative as AAP is an Extremely Low Ranked stock that ranks in the bottom half of the Autos and Parts sector, Read more ➝
With the end of Friday’s trading session, we closed out Q2 2019. As we do each quarter, we wanted to take this opportunity to summarize the performance of various asset classes using ETF proxies.
The global macroeconomic environment materially deteriorated in May-June. This was countered by a significant change in monetary policies globally towards an ultra-dovish central banking stance, which led to a breakdown in USD and stealth rally in defensive interest rate sensitive sectors (Utilities and REITs) while cyclicals underperformed. In Q2, our outlook was overweight on Medtech/Biotech with a view that it’s a sector where under-the-radar sustainable growth opportunities can be found irrespective of a macroeconomic slowdown. This view paid off beautifully with incredible returns. We thrive by always seeking answers in the early stages of an investment opportunity or cyclical turn. Our Q3 Macroeconomic Outlook and Top Investment Ideas is available now.