The Shakedown 8/19/18

Just like that, we're consolidating below all time highs in the SPY. After a mid-week pullback that ended up being a complete shakeout, we're right back hovering around that $286 all time high level. 

Click above for detailed look at this week's earnings

HRS Long

After a huge earnings reaction, HRS needed over two full weeks to properly digest that big move. Looks like it got that much needed sideways action with back to back tight inside weeks. Looks good for an entry through $166.

Trigger: $166

Stop: $161.89

Target: $176-180+

Some other alerts not mentioned: XLRN 50, CHKP 115, DOCU 62, ECHO 33, SON 57, DHR 104, QRVO 86, ZS 42, CME 172, GBT 52, SFM 24.50, HI 53, B 68/68.50, WWE 80.50, DHI 45, CHE 330, USNA 132, EEFT 96

Hope to see you in the chat Monday!