Weekend Update Notes (March 10, 2017)

WU 031017

COTD:  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

  1. SMH
  2. XBI
  3. XLF
  4. XLB – substitute for XME
  5. FMC – Alert $61.00

VIDEO TWO: Biotech / Healthcare

  1. XBI – still bullish on weekly.
  2. AERI – slow mover.   Earnings were ok….stock holding up.
  3. ABBV – From 3/7 “this works”. 4% dividend.
  4. INGN – strong earnings/revenue growth. Alert $70 and $72.50.
  5. PRAH – stop below 50-day MA
  6. TCMD – THIN!!!! IPO pattern.  Vascular Disease treatment devices.  Do not buy until alert is hit!  Alert $22.
  7. NLNK – request on 3/6. Breakout to next leg higher.  Volume increasing.  Look at weekly chart.
  8. KITE – high short interest. Volume picking up again.
  9. BLUE – immunotherapy. Strong…volatile.
  10. ZIOP – immunotherapy. Alert $7.00

VIDEO THREE:

  1. SNAP – Don’t waste your time or money. FM – sell July 17 put and buy July 30 call = ROFLMAO
  2. NRP – coal. Holding at 50-day MA

Cybersecurity – Big Brother’s watching…always.

  1. HACK – strong rebound off 50-day MA
  2. SYMC – squeeze…though a bit extended.
  3. PANW – oversold bounce… Support at $115. Not my trade…but might be yours.
  1. XHB – stay long these names.
  2. BLD
  3. PHM
  4. LEN
  1. VEEV – adding to position. Alert $45.50
  2. ULTA – conservative guidance. Gross margin miss. Buy it.
  3. WLDN – this is what thin stocks do on good earnings reports
  4. PWR – Alert $38.88

Semis:

  1. AMAT – 3/7. “not a trading stock. A holding stock”.
  2. NVDA – still bearish? Flip the chart.  Would you still be bullish?
  3. AVGO – still going.
  4. AMD – working from PBB signal. 7 comments.
  5. SIMO – breaking downtrend. Fundamentals are turning up.
  6. AEIS – Growth 250 breakout.
  1. EDU – Don’t buy unless alert is hit. Alert $52.50
  2. SOHU – Alert $43.00
  3. BABA – Squeezing. Close to breakout
  4. HTHT – still going. Pullback to 20-day MA.  Earnings Tuesday.
  1. CSIQ – higher low.
  2. JKS – higher low

REQUESTS:

  1. AVXS – breakout on volume from 3/1
  2. AON – still working.
  3. X
  4. UAA
  5. ATHM
  6. YRD – what to do now, after stock drops 8% in a day. If we’re still holding….
  7. VEEV
  8. OCLR
  9. DUST – “kissing 200 dma”???
Sector Spotlight Stock Watch Strategy Session Weekend Recap

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