After 4 days of consolidation market was again on the move and closed at the highest level since November of 2015. Technically its set for another short term momentum for retest of all time highs in the 2130 area($SPX). On the link below you can found 3 stocks which just broke their resistances and are ready to continue higher helped with market momentum…
Financials have significantly lagged the market since the bottom in February and the gap might be closing as market sells off while strong move in financials indicates further strength ahead, possibly even longer term as interest rate environment is changing and yield curve might reverse and steepen up again.
Here is my watch list with 6 stocks which looks ready to break out and trade higher from current levels: Adobe Systems Incorporated (ADBE), F5 Networks, Inc. (FFIV), Lowe’s Companies, Inc. (LOW), Plains All American Pipeline, L.P. (PAA), Universal American Corp (UAM) and USA Compression Partners, LP (USAC).
Here are my five trade ideas for Thu, May, 5, 2016: Bloomin’ Brands, Inc. (BLMN), Crown Castle International Corp. (CCI), Chatham Lodging Trust (CLDT), The Kraft Heinz Company (KHC), Sunoco Logistics Partners L.P. (SXL) …full list.
NetEase is a leading China-based Internet technology company dedicated to providing online services centered around content, community, communications and commerce. The stock is in a clear uptrend, albeit a pretty choppy one recently and has retraced around 30% from December high ($185.59)… click for full report