With the market swinging pretty violently in both directions this week, we had only one entry ($FB), no exits. It is important to note that one stock, $RH is very close to stopping out. With $RH reporting earnings this upcoming week, I will be watching this one very closely.
The market as a whole is still strong. There are some sectors like transportation, energy and utilities still in a funk but overall there are some VERY strong underlying trends. I expect cyber security, biotech, organic foods, healthcare and financial sectors to carry us through the rest of 2015. My watch list is below:
$CYBR – Broke out on weak volume, but a large percentage gainer. I expect the stock to show weakness this week. Waiting for volume to get into the stock.
$WFC – Top pick for banking. If interest rates rise, watch for this stock to soar. Stock has run up too much to purchase, but waiting for a pullback.
$HAIN – Stock will get bought out at some point. Stores are increasing their organics section.
$ISIS – Stock is still consolidating after a long bullish run. Looking for volume and the resistance to become the support.
$CELG – In the same situation as $ISIS. Stock is strong with a large pipeline. Look for this to run.
$JACK – Probably the most undervalued stock I am following. Money is flowing into $SHAK, and once that bubble pops, expect the money to flow back into this one.