Lululemon Athletica (LULU)

LULU breaking out of long-term bullish flag pattern.  Stock: Lululemon (LULU) Long or Short: Long Entry Range: $72.75-73.25 Stop-Loss: 70.60

Pre-market update (updated 8:30am eastern): Europe is trading 0.2% higher. Asian markets traded 1.3% higher. US futures are slightly higher ahead of the open.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), ADP Employment Report (8:15am), Productivity and Costs (8:30am), Factory Orders (10am), ISM Non-Manufacturing Index (10am), EIA Petroleum Status Report (10:30am)

Pre-market update (updated 8:30am eastern): Europe is trading 0.4% higher. Asian markets traded in a wide range from -0.6% up to +0.2%. US futures are slightly higher ahead of the open.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am) Technical Outlook (SPX): Despite the historically positive gap-up on the first

I’m swing-trading Lululemon (LULU) long at $72.42.  The market is at an inflection point, particularly on the SPY, where there is a notable area of resistance overhead as you can see in a recent group discussion post i did today. I’m not sure if we’ll pullback here or not, but if we do,

Solid gap into today’s market but be careful not to chase after the setups Today’s lazy trade long and short comes as we are finally getting a solid bounce out of this market and likely to push higher throughout the week. The short setup, Lululemon (LULU) looks great, and if I didn’t think that this market

Pre-market update (updated 9:00am eastern): Europe is trading -0.6% lower.    Asian markets traded in a wide/mixed range, from -1.6% up to +1.9%.  US futures are flat ahead of the bell.  Economic reports due out (all times are eastern): Consumer Price Index (8:30am), Jobless Claims (8:30am), Empire State Manufacturing Survey (8:30am), Philadelphia Fed Survey (10am),

The Chart of the Day…       Quick Glance at the Market Heat Map and Industries Notables: This specific heat-map color arrangement seems to becoming far too regular on the Evening Tape.  The three industries you don’t want to see lead to the downside: Financials, Materials, and Technology all led to the downside today. 

Portfolio update on existing long and short positions  I’ve been active today primarily covering a couple of my short positions. The first was in Invensense (INVN) at $10.79 for a 4.6% gain. The other one (unfortunately) was in Lululemon at $68 when I was uncomfortable with the coiling price action occurring during the President’s speech

Pre-market update (updated 8:00am eastern): Europe is trading -0.6% lower.    Asian markets traded 0.7% higher.  US futures are slightly higher.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Producer Price Index (8:30am), Retail Sales (8:30am), Business Inventories (10am), FOMC Minutes (2pm)  Technical Outlook (SPX): Another trading session that despite

Pre-market update (updated 8:00am eastern): Europe is trading -0.6% lower.    Asian markets traded -0.9% lower.  US futures are moderately lower.  Economic reports due out (all times are eastern): NFIB Small Business Optimism Index (7:30am), ICSC Goldman Store Sales (7:45am), Redbook (8:55am), Treasury Budget (2pm)  Technical Outlook (SPX): Extremely light day of trading due to