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.
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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.