Yesterday we talked about the top three stocks on our watch list for the week, two of which were added to the Leaderboard Leaders List over at Investors Business Daily. Leaderboard, MarketSmith and the IBD50 comprise approximately 80% of our swing trades, as these stocks pass the fundamentals and technicals test. Add sentiment and you have a consistent system for trading and investing.
Jefferies spoke about SSNC earnings and guidance this morning as the stock trades lower (-8%) pre-market. The brokerage downgraded SSNC to a “hold.”
Top Two Stocks – Leaderboard Leaders List
Baozun (BZUN) is a winner. We held this swing from last week, into Tuesday as the stock broke out of this short-term bullish flag pattern. Volume and RS line (relative strength vs. S&P 500) are rising.
The stock also sports an (A+) Group RS rating, meaning its a top tier stock in its industry group. Earnings are ranked (96), passing a critical fundamentals test. Companies that show consistent increases in earnings and sales warrant our attention.
Canopy Growth was added to the Leader List on Monday. Tuesday’s fade will most likely lead to a buying opportunity for those of you who missed the entry on April 22, the Monday after Easter. Watch for confirmation before adding our starting a new position. We’ll discuss the stock during the LIVE broadcast, so be sure to tune-in today.
Twitter (TWTR) is trying to break out of this gap and go pattern. While this position is developing many took profits on a short-term swing in May calls. We’ll look for another entry in the short-term as the stock remains bullish.
Twitter is on the IBD50 List again this week.
Futures are higher after AAPL and AMD reported last night.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we trade BZUN, CGC, TWTR, and other new positions. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.
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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.
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 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.