Software-Related have been on🔥
But if $SPLK $ADSK ignite next leg
–
Watchlist of some Nice Charts…
w/*Actually More Room on Daily
(& poss. Alpha Trades)
*🍒pick vs. Time-frame | Idea Gen
$ADBE $COUP $CRM $CSOD $DOCU
$FFIV $HUBS $MSFT $NEWR $NTNX
$OKTA $ORCL $PANW $PVTL $ULTI
One of my favorite market stats is after the S&P has a 5 month win streak, it is nearly always higher 12 months later.
In fact, since '50, 23 out of 24 times it was higher.
There was a 5 month win streak last August.
Month isn't over yet, but S&P 500 up +16% since then ...
Peak __<fill in blank>__
QOTD (D Sandler, RiverFront)
"Everyone overturning rocks looking for what Could go Wrong
...We ought to be looking for what Could go Right"
👀 Perf. of $TTD $W $SFIX $LULU $CPRT $AMD $NVDA $FIVE $SODA $WWE $ETSY $SQ $NTAP $AMZN $AAPL $LOGI $CVNA etc etc
Europe Close | Mostly🔽
•Brexit noise
•Forex & $ RS
U.S. Snapshot ...
•Breadth needs work
•Got some work to do
•See how day plays out
•China Trade Talk getting attn.
•Day 1/2, Jackson Hole
(Powell speaks Fri a.m.)
•ER's AH, $ADSK $GPS $HPQ
$INTU $ROST $SPLK $VEEV $VMW
~1.5-hr into trade ...
$BABA 10-pt fade
taking many China names with
$YY $IQ $TCEHY $BIDU $NTES $JD
$BZUN $WB $ASHR $KWEB etc
*Fade in Indices as well $SPX $COMPQ
(see if mkt catches breath with
Europe Close at bottom of hour)
$ADBE 257.68 [Updated thoughts]
•Flag Breakout was legit
•Got hit w/Mkt, End of July
•13F's hit Mid-Aug.
–
•Last Qtr (6/14), had a nice Pre-run
•Sets up nice here for poss. same
•ER, Sep 13