“Never forget the trail, look ever for the track in the snow; it is the priceless, unimpeachable record of the creature’s life and thought, in the oldest writing known on the earth.” ― Ernest Thompson Seton, from Mammal Tracks and Sign
We share charts of eight US stocks we are tracking for 8 potential long positions, 1 short position and for a feel for the general direction of key market sectors and the broader market.
Walmart $WMT
Retail behemoth that is a potential long with a tight stop-loss just below $120.
Google $GOOG
A buy stop just above all-time highs could be a good way to play this if it breaks higher post earnings.
SurveyMonkey $SVMK
A software play where we are looking for a daily close above $19.00.
Silicon Labs $SLAB
Fabless global technology company that designs and manufactures semiconductors, other silicon devices and software. We are looking for a weekly close above $115.
Floor & Decor $FND
We are looking for a weekly close above $50 for the multi-channel American specialty retailer of hard surface flooring and related accessories.
Qualcomm $QCOM
A weekly close above $80 would be enticing.
EMCOR Group $EME
The mechanical and electrical engineering services groups is a potential long on a weekly close above $90.
FireEye $FEYE
This cyber-security stock looks a good short here with a tight buy stop just above $16.50.
This post should not be considered as investment advice or a recommendation to purchase any particular security, strategy or investment product. References to specific securities and issuers are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.