The Shakedown 2/3/19

Big Run Cooling Off

Coming off a big run in the market, we should be proud knowing we nailed the best names breaking out. Overall, great job as a collective. Given the run into a major resistance area I would anticipate some weakness in the form of consolidation early this week. We'll see what the action brings as we have another huge week of earnings reports ahead of us. With so many charts breaking out last week, it didn't leave too many left over heading into this week. Expecting to be managing swings until later in the week. 


Love this consolidation area in FIVE giving us a high and tight bull flag. Couple those technical facts with their continuous earnings growth and this one looks like a major winner on relatively tight risk.

Trigger: $125/126

Stop: $121.49

Target: $140+

Hope to see you in the chat Monday! 

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