Trader Mike's Notes

  • FTV - Fortive Corporation

    FTV

    nice post-earnings reaction for this recent spin-out from DHR

  • ZAYO - Zayo Group Holdings, Inc.

    beautiful collection of alerts today. I like the bounce attempt at the 50-day moving average which just happens to be near old resistance at 28

  • TACO - Del Taco Restaurants, Inc.

    This has pulled back from its recent rally a little more than I like but I do like how it's trying to find support at that nice round number of 10. It has also formed a "1,2,3 Pullback Bullish" setup today.

  • TWLO - Twilio Inc.

    I like the combo of alerts today: Stochastic Reached Oversold, 1,2,3 Pullback Bullish and an NR7. Earnings are due on the 9th though...

  • TLND - Talend S.A.

    back-to-back "Hot IPO Pullback" alerts. Seems like this IPO is a little under the radar, possibly due to the recent market action.

  • SPY - SPDR S&P 500

    SPY

    This is NOT an SPY note but I wanted to highlight something I just saw on the "General Market Overview" page. I don't think I've ever seen a day where all 5 of the top alerts were green/bullish. (Click the thumbnail image to see a screenshot). My guess is that's a sign of money flooding in to support the market today. Let's see if anything comes of it over the next couple of days...

  • VNDA - Vanda Pharmaceuticals Inc.

    Expansion Breakout after a Bollinger Band Squeeze

  • MKSI - MKS Instruments, Inc.

    A lot to like about MKSI right now. See the annotated chart attached

  • MCHP - Microchip Technology Incorporated

    I really like the action here -- an orderly pullback which is creating many bullish alerts. Earnings are next week though, so I'll have to just watch for now.

  • PI - Impinj, Inc.

    PI

    another "Hot IPO Pullback"... I like the range and volume contraction over the last few days.

  • STOR - STORE Capital Corporation

    Here's another recent IPO (a la PEN) shooting to a new high after coming out of a Bollinger Band Squeeze

  • PEN - Penumbra, Inc.

    PEN

    this recent IPO is surging to new all-time highs... earnings are due soon though

  • TVTY - Tivity Health, Inc.

    strong move today which finally lifted it above the huge gap down from a year ago. Adding to a watchlist...

  • GRUB - GrubHub Inc.

    Impressive breakout today. I won't chase it but I'm putting it on a watchlist.

  • ROST - Ross Stores, Inc.

    A lot of retailers on the Expansion Breakout scan today. Also see M, SHLD, JWN, DDS, TGT, AEO...

  • ISRG - Intuitive Surgical, Inc.

    filled its post-earnings gap and is trying to bounce. Disclaimer: I've been long ISRG for several months now.

  • FTFT - Future FinTech Group Inc.

    This is *really* extended. The very brave may want to short it

  • LITE - Lumentum Holdings Inc.

    This "fiber optics technology vendor" broke out to a new all-time high today on a very bullish analyst report...

  • CPRT - Copart, Inc.

    This has been testing $50 for almost two months now. Finally closed above it but it's not quite free of congestion yet. Looks ready to breakout if the market remains strong.

  • SAGE - Sage Therapeutics, Inc.

    one of my Calm After the Storm setups... lots of overhead resistance though and earnings are coming in a couple of weeks, so I'll have to leave this one alone