We’re coming into the end of August, Labor Day Weekend, and the unofficial end to Summer and “Summer Trading”. I don’t know about you, but this summer’s trading didn’t at all feel dull to me. I suppose if you are a Bear you’ve had a tough go of it, but for the rest of us there has been plenty of opportunity for profitable trading.
In recent weeks, I’ve added $CONE, $PS, $ZUO, and $ARCB to the list. And as this bull market continues to rage, we haven’t seen any subtractions to the list in a while. As a reminder, I remove names from the list after they’ve suffered a 20% decline from the high print we saw while holding the stock in the list.
First up, $CONE. We had a good first few days in the name, but it now appears to be pausing and digesting it’s recent run. Still love the set up on Monthly and Weekly time frames.
— Sean McLaughlin 📈 (@chicagosean) August 16, 2018
Next is $PS. We had a great entry and the stock has printed either new all-time intraday highs or new all-time closing highs every day since inception. Gotta like that trend.
— Sean McLaughlin 📈 (@chicagosean) August 20, 2018
Then comes $ZUO which was a monster right out of the gate. It screamed as much as 20% higher from our entry price (the opening print on Aug 23rd) in just three trading days. It has since taken a well deserved breather, but is still well above the entry price.
— Sean McLaughlin 📈 (@chicagosean) August 22, 2018
And the newest name added to the list is $ARCB which is threatening a 12-year breakout:
— Sean McLaughlin 📈 (@chicagosean) August 27, 2018
It is important to note that I use this HOLLY Hot List as a shopping list for swing trades. In my personal account, I do not have positions in every one of the names on the list. Capital and time constraints prevent me from trading each name. But I do review the charts of each name regularly and try to locate good entry points for swing trades, and hop on when I can. From there, it’s all risk and position management.
HOLLY Hot List highlights
Our biggest gainers over the past two weeks have been: $PSTG (+19%) $CVNA (+17%) $OLLI (+15%) $ROKU (+14%) and $VRS (+13%).
Our only two laggards to see negative returns were: $CQP (-3%) and $SIX (-1%).
In the last two weeks, we’ve also seen new all-time highs printed in $HAE, $OLLI, $SEND, $CVNA, $NBIX, $NVCR, $VRS, $FIVE, $WING, $CARB, $ROKU, $CURO, $PSTG, $CONE, $TDOC, $ENR, $NTB, $CQP, $KFY, $FRC.
In short, it’s been a GREAT two weeks!
Good luck out there!
~ Sean McLaughlin (@chicagosean)