Strategy Session Notes (Feb. 12, 2020)SS 021220
COTD: $AVLR — Earnings posted earnings loss, but beat revenues. Watch $93.60. Alert $93.60
$SPX — Trickling higher. You can feel the anxiety…of not being fully invested.
$DJI — Looking for 30,000 soon.
$NDX — New high
$FFTY — Looking for a breakout. Alert $37.
$GOOGL — Big tech getting look by FTC for antitrust. Ya think??? But still going higher. These are barometers for market weather.
$AMZN — really needs a rest here.
$AAPL — high squeeze. Wouldn’t buy here…but would certainly hold.
$FB — might be setting up for a sloppy long entry. (Shortable? We’re in a bull market. Easier to find longs than shorts).
$PGNY — This has a LOT of tightening up to do. It is up 30% in 7 trading days. Could use a rest, so any entry here is low percentage, high risk.
$DT — Going strong. Hold this, and get used to some volatility. It is under acquisition pressure.
$RH — High is 243.67. Still in Phase 1.
$SHOP — Great earnings. Massive volume. Selling all day…but eager buyers. Needs a big rest.
$IBP — Watch this tomorrow morning. Alert $77.10
$BBY — Could tighten up a bit more…but might work on a breakout with volume. Alert $91.75
$BABA — earnings tomorrow. Alert $230
$SEDG — Buy point is $113.09. Earnings 2/19. Alert $113
$FND — New high. Earnings next Thursday. At the buy point today…but failed. Worth watching.
$PFSI — up 14% in a few days. Why would you not take profits?
Have stock lists that you follow, and set technical alerts. This is better than just placing GTC orders.
$STE — Ah, the merits of setting alerts.
$AMBA — Another trade that needed alerts.