Individual stock set-ups are there, they are ready, all they need is a little push and help from the market. The sideways action in the last six weeks is the reason why I have so many names on my list, however not many have been triggering. The trigger rule is simple; the stock has to go through the previous day plus .10-cents.
Tomorrow we have the NFP number due at 8:30 am and that can dictate the action for a few days. At the same time, breadth is and has been deteriorating to the point in which I think will impact the market in the short term.
The question becomes; ignore the indices and breadth and just take the set-ups? There’s never a clear sign and the outcome will always tell you the answer in hindsight.
NSM, XPO, TTMI, CRUS, ZAGG, NVRO, TWOU, JACK, OSK, ROST, MIDD, SON, CPHD, MGT, VZ, ERII, MITK, YNDX, CGNX, ICON, LC, CHGG, ELLI, TWLO, HLF, TZA, SOXS.