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.
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.
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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.
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These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.