A great second week to start the year with a big bounce out of the market causing many of our favorite names to snap back out of their downtrend. NFLX is a good example that made a $67 move from $270 to $337. Going into this week you have to realize that the best stocks already made their major move, so I am not going into Monday guns slinging. Keeping the watchlist small for a reason this week as many names now need consolidation. There are still a few tight setups out there that I will look to buy if they trigger. Other than that, we have earnings season officially kicking off this week, and I could not be more excited for the opportunity to come.
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With a nice bounce early last week, FTNT has done nothing but flag out right at resistance. With a tight inside day Friday, this one looks primed for Monday morning. Looking for volume through $73.50 in this one.