Market Observations 8-10-22
Quick observations (audio message sent to TTG members)
- following CPI report, US Dollar weakness and breaks 50d MA (1st time since Feb)
- Small Caps continue to lead
- Strong Market Breadth with Solar, Builders, Metals all strong
- Bonds continues to trade sideways
- note PPI report tomorrow
% change from open & sector moves
Charts of Interest
TMDX TransMedics Group, Inc.
big move / breakout in this Bio (I added this into TTG Trend Portfolio back on 7/28)
I also added to trading account b/c I like the low volume pullback / digestion after the breakout
RUN Sunrun
The Solar group (TAN) is very strong and RUN is another name that had an earnings gap + . I added a position today, PT $42 (1hr VPOC)
Note there is call buying on the tape today
LNG Cheniere Energy, Inc.
Nat gas name is strong and breaking out after a check back to 200d MA. If i were to go long in the space, I would pick the name(s) (ie LNG) that are breaking out.
MPWR Monolithic Power Systems, Inc.
Super strong Semi Device name - has consolidated a bit post earnings gap. Upside PT is $545 VPOC
ZS Zscaler
Security Software name has cleared the Aug Value Area & sideways channel. Ultimate PT $204 on 1hr chart for a swing trade.
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