Tuesday saw many of our favorite stocks printing follow through patterns, with all of the stocks listed at the end of this post taking out the previous high of the day. This is significant, as most will usually add another bullish day.
The strategy; couple this bullish activity with the individual sectors that are showing relative strength today.
Transportation Stocks
We briefly covered some of these stocks on Tuesday, so be sure to check out that post here. FDX and XPO were topics of discussion.
Both XPO and FDX have moved higher. XPO Logistics is moving into an area of very little supply (VBP/KIRBY) as delineated in the left margin. MACD is above its signal line and rising. Bulls are in control.
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Solar Stocks Follow Though
First Solar (FSLR) and many of its competitors are moving higher. Be sure to check out JKS and ENPH. The latter is higher in early trading.
Additional stocks to consider.
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Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we trade NVDA and other new positions. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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*** 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.