Traders are watching as the S&P500 futures trade higher this morning, at the top of a 4-week range. Indicators are turning bullish. Many stocks are set up to rally again today.
TICK cumulative (30 min), an early signal, turned bullish midday Wednesday. The only way this indicator can turn green or bullish is for institutions to be buying more stocks on the “uptick” than they are selling on the “downtick” on a cumulative basis.
Now we await the (60min) for a follow-through signal.
We’ve been looking for a turn in the McClellan Oscillator to add to our list of bullish indicators. NYMO turned the week of June 22. SPY price action is noted in the upper panel.
NYMO Oscillator is trending higher, The zero-line is within reach.
Futures are breaking higher as we send this out to subscribers. Good luck!
Robert’s List – Top 10
Here is Mr. Caplan’s list for today, Note these are ranked by performance. In addition, he usually day trades. Therefore, only swing the stock if it closes in the upper half of its daily range, preferably above VWAP and at highs.
|JMIA||JMIA – Jumia Technologies AG SPON ADS Each Rep 2 ORD SHS||7.88||2.11||36.57||22654610|
|SEDG||SEDG – SolarEdge Technologies, Inc.||157.92||11.35||7.74||1342665|
|DDOG||DDOG – Datadog Inc.||96.13||6.04||6.70||3914872|
|ZS||ZS – Zscaler, Inc.||120.85||7.01||6.16||3072789|
|PETS||PETS – PetMed Express, Inc.||39.33||2.21||5.95||930061|
|PZZA||PZZA – Papa Johns Intl, Inc.||88.26||4.38||5.22||1525641|
|CHWY||CHWY – Chewy Inc.||49.99||2.19||4.58||3242988|
|SPLK||SPLK – Splunk Inc.||205.16||8.48||4.31||2293519|
|MDB||MDB – MongoDB, Inc.||234.05||8.56||3.80||717038|
|AVLR||AVLR – Avalara Inc.||141.27||4.88||3.58||774491|
Join us today in the trading room for our LIVESTREAM broadcastduring market hours, as we navigate the current environment. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.
Want to become a member? Check details here:
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.