I’m a bit surprised this market isn’t down 30-40 handles on SPX today.
I also can’t remember when a company like Apple (AAPL) has been able to warn on earnings guidance and only take just over a one percent hit in the process. I remember the January 2018 decline when they did something similar and the stock dropped 10% as a result. But not this time, instead, just like everything else that has hit this market, you buy the dip.
On a positive note, I closed out the last leg of my Virgin Galactic trade at 33.41, from 18.98 for a solid +76% profit, in just over a week of work.
Below you’ll find my latest rendition of my bullish watch-list that I am following this week. I’ve added one new trade from the list today and I’m up about 3% on it so far. So things are definitely seeing a lot of pop still. I’ll be closing out one of my software trades due to upcoming earnings here today, so I’ll likely be fishing for a new long-setup to add to the portfolio.
Here’s the bullish watch-list for this week: