Update from IBD50 | Bulls on Wall Street

Update from IBD50

As usual, I’m not focusing on the big breakout moves, like TZOO today… instead, let’s see if today’s market consolidation action opened up any opportunities.

PPO – watch it as it approaches $60… Looking for break through.

EZPW really looks like it wants out of this box.  It tried today.  Still watching for sustained move over $42.

LULU starting to consolidate a little. Watch for move over $92 for possible entry.  I like this consolidation here.

CXO starting to get through topside of triangle consolidation.   Break of $111 could open it up.

NFLX – now at highs. SO.. there isn’t a trade. not yet.  Gotta wait for break of highs or possible reversal.  Could even be a short.  We have no way of knowing here, but the shooting star makes me lean short.

Leave a Comment

Powered By MemberPress WooCommerce Plus Integration