We’re expanding our watchlist as the relative outperforming names gain clarity. Here I discuss meats and grains as well as our current book of trades.
Three positions are in there zones for taking profit and scaling out. In this video I walk throuhg open positions in DIS, XOP, and Natural Gas.
I’m exercising caution in the market right now but there are two new setups I like – WMT and COST, two of my favorite stores that are defying the retail apocalypse. Check out the parameters here
Between the way the market opened and how it closed, we saw some varied price action. The market leaders and our favorite cloud kings were taking a hammering but towards the end of the day, it became apparent that buyers were coming in. It will likely be like this until the Fed decision on Wednesday and I’m staying light and nimble, while keeping an eye on our favorite tickers – TWLO, V, ZTS, PYPL, ROKU, AMZn and more.
We are in the heart of earnings season, but there are still several key reports to consider in August. Disney and Walmart are two of my favorites. Let’s look at these for their respective Runs into Earnings.
Nice follow-through day, as many of you are seeing how the trading book sees plateaus where I build new positions into an expected push towards our targets. Today was a nice push day for the positions and I discuss those, as well as more, in this video.
This was a great week in the trading room, both for us and our members. Whenever we have weeks like this, it’s important to remember that ‘Euphoria is worse than fear,’ especially as we get extended. Let’s go over all our setups, and a couple new ones, including AMD, BYND, MSFT, TWLO, CDNS, ZEN, DIS, ROKU, and more. See you next week!
