Well, I lost a $100 bet…as the futures have reversed. Last night, they hit to up 90…right now, they are down about 50. Yields continue to rise in Europe as well as many realizing nothing has changed. So…follow through day on Friday…but only 1.3%. HMMM!
Here is leaders list first:
AAPL-tracing out very nice base here. Needs to move above 50 day.
AMZN- still having trouble getting into resistance…suspect earnings.
ALXN-basing since March…somewhat suspect base but very good r/s. Needs to leap $95.
BBBY-holding 50 day on every pullback as it ascends from strong earnings move in April.
BIIB-rallies back above 50 day which it has held for months…into new highs but slooow earnings.
CRUS-holds 50 day on harsh pullback…almost back at highs.
CERN-strong move off 50 day…nearing highs.
DLTR-teflon stock gaps down…and right back up into new highs…very strong group.
EBAY-holds 50 day and back in base formed from last gap to the upside.
EXPE-new highs…strong r/s…accelerating numbers off big gap…very strong name.
EQIX-breaks into new highs.
MNST-really strong holding 21 day as it ascends…very strong.
PETM-strong reaction to numbers…and moving out of flag. New high….extended.
ROST-another discounter refuses to buckle-reverses back above 50 day and ascends…new high.
SHW-never thought a paint stock could be this strong. SWI-holds50 day on Friday.
TRIP-same group as EXPE…basing between 40 and 45…needs to leap $45.
TJX- another holding 50 day all the way up…another discounter.
UA-Holds on pullback.
ULTA- back above 50 day off numbers…forming good handle.
WFM-… breaking out on Friday.
I took off GNC because it broke 50 and DDS. Put on EQIX off of recent action. With the surprising futures, first, hold off on aapl. Secondly, going to watch UA and WFM…and hope to see them pull in before probing. Just remember, a ton of follow through days in June/July have not worked. Also…1.3% is not the biggest number. I want to see if distribution shows up today.