Wk32: Stocks to Watch

10 Aug

It may seem odd, but stock picking actually becomes more difficult in times. When markets are on runs higher many stocks are just rising with the tide. As it goes, “a rising tide lifts all ships,” so picking out strong stocks that have pulled back can be tricky. We like AAPL and BIDU on a breakout of its consolidation levels, however AMZN is forming a descending triangle with room to fall.

Buy breakouts for short term swings and record weak stocks because when we do pull back those stocks will be the first to tank.

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