It’s no secret that even as the S&P 500 was printing new all-time highs last week, many leading stocks had already begun retracements from their highs. In no place has that been clearer than in our HOLLY Hot List where we’ve shed 16 names since early September — the most rapid pace of exits since […]
SMACK! Summer is over. Let’s get back to trading reality. Happy Autumn! Interestingly, I’m starting to notice some smart people talking about some bearish signs that are beginning to appear. This type of commentary often returns with Traders coming back from summer vacation, and I expect this September to be no different. However, it feels […]
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 […]
Since the last update on this list I’ve added $CVNA, $CURO, $SEND, and tomorrow I’ll be adding $CARB. Overall, it’s been a good couple weeks for the stock market and many of the names on our list continue to work. The biggest gainers over the past 10 trading days have been: $VRS (+25%) $CVNA (+21%) […]
There’s no way to sugar coat it. It’s been a rough week for high-beta names. And a quick look at our HOLLY Hot List leaders and laggards board bears this out with our three best stocks ($FITB $GNTX $KEY) making only 3-4% gains, while our four biggest losers ($USAT $NVCR $ROKU $TDOC) all lost 11%. […]
I’ve changed direction a little bit in blogging about HOLLY Hot List additions. Most blog posts are just expanded re-iterations of the main reason I’m interested in adding a stock to our list, which I already shared on twitter. So, I’ll be changing the format to a once-per-week update in which I’ll discuss the stocks […]
Since its September 2017 IPO, $ROKU had one big breakout to new highs just shy of $59. It has since spent the entirety of 2018 consolidating that breakout. Quietly, the stock has been stair-stepping up off the lows of this consolidation and has caught the attention of HOLLY for long trades twice in recent weeks. […]
A quick look at a weekly chart of First Republic Bank $FRC shows an image of a stock that may be on the verge of breaking out of a nearly year-long base. HOLLY took a long position back in late March that worked out beautifully which gives me added confidence in her most recent entry […]
Surface Oncology sports a relatively skimpy market cap at $465 million and an average daily volume of around 352,000 shares. Those red flags aside, this stock which began trading in April has been wedging higher since the beginning of June and looks like it wants to pop. HOLLY spotted a catalyst back on Monday which […]
Cheniere Energy $CQP last printed new all time highs back in 2014. And since that time, it has spent four years consolidating just below those highs. Depending on your perspective and time frame, you could make a case for a very extended flat base having been formed. And now it’s breaking out and printing new […]