Pre-Market Huddle (Jul 23)

The merciless market grind higher continues. The S&P 500 is trading around yesterday’s highs right now and it looks like today will likely be the day the S&P tags 1700. As I mentioned last night, we may not stop there and this grind can continue beyond 1700.

My trading plan remains the same: I will be looking for the strongest momentum stocks and trying to buy them on pullbacks. I will consider acting on breakouts but only if they are happening from well defined bases and with good volume (e.g. SRPT yesterday).

Here is my current morning watchlist:

  • Solars: CSIQ, RSOL, HSOL
  • Rare Earths: REE, AVL
  • ARRY
  • KERX
  • ECTY
  • SUNE
  • WEN
  • HIMX
  • EMKR
  • PLUG
  • ONVO

Good luck.

Not long ago a Wall-Street-Hedge-Fund-Finance-MBA guy, now a momentum trader. Father, husband, mediocre soccer player, numbers geek with a lousy sense of humor. Obsessed with risk management, tries hard to "make money every day"

Posted in Just Rambling

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