The market is just grinding higher the past few weeks, leaving no option other than to just 'ride the tide.' I'm not overly heavy in any positions right now, but definitely taking trades as I see them on a stock by stock basis. A 2-3% pullback in the market would still be healthy after the breakout so I feel it's best to proceed with caution on the very near-term.
We're beginning to get into the bulk of earnings season as we have Netflix kick off the week afterMonday'sclose. Many names will chop around just before a huge catalyst such as earnings, causing me to avoid most names the week of their report.
We were able to enter SEDG long a few weeks ago through $27. I still have stock from that buy but over the past couple weeks it has consolidated to such a point of tightness that it needs to come to a resolution this week. You can see on the weekly chart the two inside weeks showcasing the battle going on between buyers and sellers. With the tight weekly consolidation under a major resistance level, SEDG is telling me its go time. Above $29.85 should see some momentum.
Trigger: $29.85-30
Stop: $28.45
Target: $33-34+
With the market move over the past few weeks, many charts have already broken out and are simply waiting around for earnings to make their next move. I'll continue to be selective as we remain extremely overbought, yet have only continued to grind higher. A market like this leaves us no choice but to remain long. I hope to see you in the chat Monday.
OPORTUNITATE: La terminarea cursului, 2 manageri de la saloanele GETT’S vor veni sa recruteze pe cei mai
buni. Asadar iata inca un motiv in plus sa iti dai toata silinta ca sa reusesti in acest domeniu https://stilistultau.ro
OPORTUNITATE: La terminarea cursului, 2 manageri de la saloanele GETT’S vor veni sa recruteze pe cei mai
buni. Asadar iata inca un motiv in plus sa iti dai toata silinta ca sa reusesti in acest domeniu https://stilistultau.ro