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.
With a reduced trading schedule this week in Cayman, here’s where I’m focusing my attention.
The range between $2800—2825 has been a critical resistance zone for the S&P. However, even as the market hung out here, key market leaders like the cloud stocks and MSFT are making new highs. Where the leaders go, the market usually follows. Especially now, since today we closed at the highest level the S&P has seen since October, I believe investors with FOMO will pile in. Pushing prices even higher. Let’s talk about the Dow, BA, FRPT, CRM, MSFT and AMZN.
