Weekend Update Notes (March 10, 2017)
WU 031017COTD: PANW v. ZUMZ
VIDEO ONE: — Jobs. Fed can hike rates. Financials reacting negatively. Nothing to do now except guess.
COMPQX – still leading.
SPX – range 2,350 – 2,400
SPX vs. U/D Volume – Still seeing selling volume.
T2108 – midrange
T2122 – pickup in new highs. Extremes are useful. This is “mildly bullish”
DJI – 20,800 – 21,150
MDY – resting
IWM – resting
DJT – don’t look for much unless oil rebounds strongly.
USO – no rebound. Don’t touch this!! Oil will need to find a floor before market can test the ceiling.
XLE – Bull trap
XOP – Bull trap
GLD
XLP – Strong consumer?
Relative Strength
- SMH
- XBI
- XLF
- XLB – substitute for XME
- FMC – Alert $61.00
VIDEO TWO: Biotech / Healthcare
- XBI – still bullish on weekly.
- AERI – slow mover. Earnings were ok….stock holding up.
- ABBV – From 3/7 “this works”. 4% dividend.
- INGN – strong earnings/revenue growth. Alert $70 and $72.50.
- PRAH – stop below 50-day MA
- TCMD – THIN!!!! IPO pattern. Vascular Disease treatment devices. Do not buy until alert is hit! Alert $22.
- NLNK – request on 3/6. Breakout to next leg higher. Volume increasing. Look at weekly chart.
- KITE – high short interest. Volume picking up again.
- BLUE – immunotherapy. Strong…volatile.
- ZIOP – immunotherapy. Alert $7.00
VIDEO THREE:
- SNAP – Don’t waste your time or money. FM – sell July 17 put and buy July 30 call = ROFLMAO
- NRP – coal. Holding at 50-day MA
Cybersecurity – Big Brother’s watching…always.
- HACK – strong rebound off 50-day MA
- SYMC – squeeze…though a bit extended.
- PANW – oversold bounce… Support at $115. Not my trade…but might be yours.
- XHB – stay long these names.
- BLD
- PHM
- LEN
- VEEV – adding to position. Alert $45.50
- ULTA – conservative guidance. Gross margin miss. Buy it.
- WLDN – this is what thin stocks do on good earnings reports
- PWR – Alert $38.88
Semis:
- AMAT – 3/7. “not a trading stock. A holding stock”.
- NVDA – still bearish? Flip the chart. Would you still be bullish?
- AVGO – still going.
- AMD – working from PBB signal. 7 comments.
- SIMO – breaking downtrend. Fundamentals are turning up.
- AEIS – Growth 250 breakout.
- EDU – Don’t buy unless alert is hit. Alert $52.50
- SOHU – Alert $43.00
- BABA – Squeezing. Close to breakout
- HTHT – still going. Pullback to 20-day MA. Earnings Tuesday.
- CSIQ – higher low.
- JKS – higher low
REQUESTS:
- AVXS – breakout on volume from 3/1
- AON – still working.
- X
- UAA
- ATHM
- YRD – what to do now, after stock drops 8% in a day. If we’re still holding….
- VEEV
- OCLR
- DUST – “kissing 200 dma”???