Same sentiments as last week. We’re in a bull market and now is the time to find, buy, and hold the winning stocks. NFLX, TSLR, GRUB, BABA, and AMZN have the qualities we look for when searching for winning stocks. AMZN did have a sell off after their earnings release last week, however, on a weekly basis the internet retail giant’s chart pattern is still intact. PANW may take AMZN’s place on our Live Trade list as the cyber security sector is heating up.
Meanwhile, here are the General Market Charts. We’re at all time highs and the message remains the same: buy and hold the big winners long term. Plenty of cup and handle patterns out there right now!
SP500 Daily Chart
DJ30 (Dow Jones Industrials) Daily Chart
NASDAQ COMPOSITE ($COMPQ) Daily Chart
At Trading Room we search for the biggest winning stocks in the market today.
We use market timing, industry group selection, and chart patterns with price and volume analysis.