๐ซJuly was brutal for breakout traders. Saw tons of failed breakouts, wild swings near key levels, and zero follow-through after moves.
โฉOnly took 3 trades all month.
#SPARC : +20%, booked most of it on strength.
#LLOYDSENGG : Took 2.4% and left.
#SOLARINDS : Flat, got
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Q2 real GDP only grew 1.8% annualizedโthat's the slowest in a year.
But if you take out inventories, trade, and gov spending, the core actually picked up speed.
That's what I dig into in this week's Sunday newsletter.
Sign up free right here: https://t.co/cS0vYoKhoy
A friend from Hokkaido sent me melons ๐, they're so big they don't fit in the fridge so I cut them in half to store them
They arrived yesterday afternoon and I've already eaten one and a half
It's been a while since I had one, but this was really delicious, gotta thank my
Catching up on the week: the K-shaped economy is getting more pronounced, and rates just won't budge. https://t.co/9pFElQOANe via @BrianSozzi@YahooFinance@42Macro
๐ Hereโs how the leaders performed on 7/27:
โ๏ธ 4 out of 9 stocks went up today
๐ $AAPL hit a new all-time closing high!
๐ Software stocks like $DDOG and $NET looked strong
โ ๏ธ $AMD, $ANET, and $PANW lost their 20-day EMAs
๐ $DDOG came in, $ASML dropped out
http
Minervini's Trend Template Screener ๐
30 stocks with above-average ATR.
Badges:
๐ Earnings Countdown
๐ Stage analysis ๐
โพ๏ธ Strike Zone
Capped market cap at +$1B for liquidity.
Based on Mark Minervini's "Trade Like a Stock Market Wizard".