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Observation Update


No trades today, but there is continued strength in several of the long positions such as OCLR, LITE, BEAT, UBNT, and NPTN.  The stronger stocks always take care of themselves, which is why it's key to keep a close watch on the ones not acting as well.

MTCH, FN, CBPX, and CORT are the four that currently stand out as being a bit on the weak side. MTCH is still consolidating between 15 and 17 but is now sitting near the lower half of the range.  FN reported earnings today, which is the reason for the additional volatility.  A few weeks ago, I left it in the portfolio when it hit the trailing stop because other stocks in its respective field were performing well.  So far that's been the correct decision.  However, if FN shows more weakness tomorrow then it will likely be removed from the portfolio.  The current trailing stop has been moved up to 37.52.

CBPX hit its trailing stop a few days ago and has struggled to bounce from the 22 area.  Its trailing stop is just under that price, and is being monitored has a possible removal.  CORT is a recent additional, but after a move above 6 has struggled the last few days to turn course and head back up.  As a note, most successful stocks that make clear price breakouts rarely return to the base.

Below are the charts for MTCH, FN, CBPX, and CORT. 


Three stocks which were recently added to the portfolio are still with in range for new subscribers this week.  You can view the charts below and use the purple line (entry indicator) as a possible stop loss point if the trades don't work.

Watchlist Summary

The watchlist as a whole continues to remain strong with constructive patterns.  CARB, TSEM, PRAH, and CTRL are a few that stand out from the group.

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