It is starting to feel like the melt higher is beginning. Some of the growth stocks and sector leaders saw some nice moves on an otherwise flat day, meaning big money is starting to chase the performance that is coming. Could be wrong, but getting ahead of the move may be a nice way to play things.
Earnings season starts monday, so maybe a somewhat quiet week. Today we have factory orders at 10am and a market close at 1pm. A possible uneventful day.
Will position myself with some more calls for Thursday Green Gap day. PCLN provided a nice move yesterday, LNKD surged and held its ground, and BWLD was flat.
Will be looking for more positions in those today. I will have a write up on BWLD this week, as I feel this is the next stock to really get some legs. With CMG losing its luster, BWLD should be the one to reap the rewards into earnings late July. $100 calls should be a nice play.
Also watching AAPL for the possible break of $600, where i think $610 would come very quick.
Stocks to watch today:
ISRG PCLN LNKD BWLD SHLD BBY AAPL
I wont be around too much today, so if i dont see you have a great 4th of July(if your from the US)
- Jimmybob