It’s important to remember when trading that you want the odds as large as possible in your favor. When the broader market is moving sideways, the individual price swings in stocks may be subdued; nonetheless we keep these on our radar for the coming week, primarily long plays.CPA, ENI, FUQI, HMSY, RVBD
Most of last week’s stocks to watch pulled back nicely to support forming decent entry points, with the exception of RDY which took off and hasn’t looked back. The tech plays of GOOG, AMZN, and AAPL have begun trickling lower along with the NASDAQ. AMZN, while providing a nice 5 point rally, is currently acting relatively weak to the broader market so we will make note and continue watching its price action.