$NCLH - Consumer Cyclical | Travel strongest among the 3 major cruise liners ($CCL & $RCL) as RS flatten since mid jun & 1st in bullish MA crossover (20dv50d) higher lows tightening within its ascending triangle. currently near the apex of it pivot coincides VWAP at $14.35
$MOS - Basic Materials | Agri 1mth RS with orderly price action along its rising 10/20 MAs. price stalled over past 8 sessions into a narrow price zone of low/high VWAPs. rising 200MA shows no signs of flattening BO needs to clear VWAP from ATH at $56.50.
$A - Healthcare | Diagnostics & Research Low ADR, but the multi year long uptrend along with its consistent YoY EPS and sales growth makes this an interesting growth name to be in the WL latest ER have $A gapped above its 200MA and AVWAP from ATH. actionable trade at $150 imo
$MERC - Basic Materials | Paper Products this have appeared in various scans on daily basis for over a month now trading at pivot to BO lvl of a C&H pattern to rising KMAs including 200MA (which is pretty rare at this period of the market) latest YoY ER +234% EPS, +42% sales
$PCTY - Tech | Software - App +19.59% move post ER to decent YoY earnings and sales growth (+74% and +37% respectively). currently displaying a bullish pennant setup awaiting for more traction for another leg of upside breakout. trading above all KMAs and VWAP from ATH.
$AN - Auto & Truck Dealerships after 6 mths, $AN still remains in my actionable watchlist at $126.45. the prolonged period of consolidation from its ATH in Oct'21 turned this into a very attractive position trade proposition. price tightening into triangle range since April
$TOST - Tech | Software Infra (another tech as the sector is leading in 1&3 mths RS) traded out of a 6mths bullish falling wedge to rising 10/20 MAs and RS. pre-Fri's ER posted strongest ever quarterly sales. Fri traded as much as +19% intraday ATH VWAP is a key pivot level now
$PAYO - Tech | Software Infra RS, basing & whipsawing around its 10/20/50 MAs for over 6 months. begun trading directionally since July ahead of its ER strong beat in Friday's ER have it trading above its 200MA for the 1st since 09/2021 on high vol, a sign of character change
$RHI a 2021 market darling until the last week of November, where it undercut its 50MA for the rest of the year. currently established a higher low with cup and handle pattern. weekly chart, it capture back its 10MA for the first time in 7 weeks. actionable trade for today
$UTZ one of the few names in my WL that could hold its 50MA. base with inverse head and shoulder pattern. decent fundamentals but key for me now is price action of name that could hold a market sell down.
Investors will be preparing for the busiest week of earnings season, with focus turning to reports from several tech giants including Apple ($AAPL), Alphabet ($GOOGL), Amazon ($AMZN), Microsoft ($MSFT) and Facebook ($FB). There are also some key economic reports in the coming week, including a first look at U.S. third quarter GDP (Advance GDP) on Thursday....
Investors will be waiting for the FOMC minutes due Wednesday for further clarification on the next monetary policy steps to direct the market in the week ahead. At its July meeting, the Federal Reserve left monetary policy unchanged, but said asset purchases could start being reduced soon amid signs of a solid recovery in the US labor market and temporary...
The US Q2 earnings season kicks off next week for an update on the private sector recovery. Starting from Tuesday, big banks including JPMorgan Chase ($JPM), Goldman Sachs ($GS), Bank of America ($BOA), Wells Fargo ($WFC), Citigroup ($C) and Morgan Stanley ($MS) are due to report. On the data front, Investors will also keep an eye on Fed Chair Powell semi-annual...
The Federal Reserve sent ripples across financial markets after its Wednesday meeting, when it signaled that interest rate hikes could come sooner than expected. US Dollar jumped, indices fell and bond yields moved to imply higher short-term interest rates in the future. An appearance by Fed Chair Jerome Powell before Congress on this Tuesday will be in focus as...
A quick follow up on $VRTV since our last highlight two weeks ago. With $VRTV currently trading at $66.47, a +32.55% increment since the Ascending Triangle chart pattern breakout, $VRTV have now crossed $1 Billion USD market capitalization for the first time, trading at its all time high level in the stock market. $VRTV is currently exhibiting a two weeks...
$SUP share price surged by +34.94% parabolically in a short span of 4 trading days, breaking out of its mid-term trend channel that was established since December 2020. The latest closing price of $9.25 is a new 52 weeks high closing for $SUP. With implied volatility still remaining almost 25% away from its March peak of $0.60/day ATR-14 range, the highlighted...
In a week shortened by Monday’s Memorial Day holiday, Investors' focus turns to the May's nonfarm payrolls report to see if the unexpectedly weak April employment report was just a one-time blip Meanwhile, the ISM PMI surveys should signal solid manufacturing and service growth rates during May, on the back of the country's re-opening efforts, the ongoing...
$JYNT continues its price ascend of +19.55% over the past week, after making a breakthrough from its month long Symmetrical Triangle chart pattern. The closing price of $JYNT is at $53, $4 away from the last established high that was highlighted previously. Market capitalization of $JYNT remains below $1 Billion in valuation, with current trading price equating...