The watchlist this week included a few retail-related stocks, like CHWY, ETSY, PETS, DG, and YETI. All of these stocks are performing as anticipated, while the S&P500 grinds higher above the 200d. All of these stocks have similar attributes.
Watchlist Performance
CHWY took off to higher ground on Tuesday, clearly the best performer this week. We’re looking for follow-through again today. MACD crossed.
Performance is exceptional is these top 10 from the weekly watchlist. CHWY, ETSY, PETS, DG, and YETI have a price above the bullish 9/21d.
Below are daily gains ranked by percent change.
ETSY is pushing off the 21d showing signs of an imminent follow-through.
Watch for more options flow today in the ETSY 06/19 83/84/85 calls.
YETI is showing signs of activity as well. Price action is above the bullish 9/21d moving averages. Volume picked up on Tuesday.
Keep an eye on FB, NFLX, and TSLA as well.
S&P Futures are testing 3100 this morning (+20) handles.
Join us today in the trading room for our LIVESTREAM broadcast
during market hours, as we navigate the current environment, and trade these watchlist candidates. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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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.
Investment Warnings
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 Sessions
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.