The Top 10 stocks on the weekly watch list have performed exceptionally well, with several Investors Business Daily IBD50 stocks represented. Financials, builders and home improvement, communications and media, industrial and machinery stocks round out the list. All of them are higher this morning on a solid NFP report.
In early trading, SPY is trending (+1.50) 292.70, while futures muscle higher as job creation remains solid, with the unemployment rate dropping to 50-year lows. Productivity gains are impressive and wages are gaining in a tight labor market. All of this follows the FOMC meeting where FED officials signaled a persistent “non-inflationary” environment ruled their dot plots.
NFLX Buy Point – Added to Watchlist
Netflix is higher in early trading. This is a swing from Thursday, as we trade in and out of the stock on pullbacks and breakouts. If early action remains bullish, we’ll look for a point to add to our newest position.
Keep an eye on Bitcoin as well. The crypto-currency is bullish.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we trade NFLX and other watch list positions. Observe, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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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 “advise” 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.