After the break of 2820, the S&P was able to trade up to $2858.75 before it took a breath. MSFT has made new highs and AMZN has led this charge higher with the likes of NKE and SBUX. NFLX faltered a little today, but it continues to squeeze. Let’s check out our current positions and look at some new ideas in honey badger stocks.
Tomorrow is the FOMC, but there are plenty of markets that are in play!
With an extended market, I like to look for honey badgers — stocks that don’t care what the overall market is doing. One of my favorite spots to look is on my ‘Millennials’ list. Let’s examine SQ and ROKU, and I’ll show you how Phoenix gave me an entry point.
This is a setup that I look for every morning. Here is a breakout of what I look for.
The NQ continues to market higher and this is carrying many of the heavily weighted names with it, but what about a laggard like FB? Does a downgrade turn into a downtrend? Are there opportunities to buy into this weakness?
What are the setups showing up at the beginning of this FOMC week?
With the markets extended to start the week, it’s time to hedge and find that next diamond in the rough.
