INTO THE TRADING DAY, 09.04.15
YPT PREMIUM via http://www.yourpersonaltrader.com/
Since sending out an update/alert on Monday afternoon, ”Market is onto earnings..off eco. data till proven guilty”, highlighting if this rally holds into close, we’d add pieces with the possibility momo growth may also get into it. . Next morning in ITTD call with market holding onto gains noted the rally was mostly ES_F/ETF based, so ”Shadowlist components should start to get a bid Tuesday….if market flipped, expect many growth names to get a bid”, listing numerous plays to potentially play, but also noting anything in our ~70 stock Shadowlist may run as well.
YPT’s growth oriented Shadowlist and NASDAQ: QNET gauge has exploded higher, while markets major indicies flat line past 2 days into FOMC minutes and into days close. Hopefully, noticed that FOMC was not mentioned in ITTD’s this week. As noted many times, if its not mentioned, it’s a non-event in these books. The NFP came after last FED, so minutes would not really offer anything new. Also, FED officials have spoken since, so we get the jist of its message. Also, if we thought market was onto other things, like earnings season this event should not have mattered to us, so it wasnt mentioned.
Starting with Tuesday’s action and despite a late sell off that had traders rattled, pointed out here nothing to fret about as we had over15% of our stocks up >+2%. Today the list had 25% stocks > +3% by close, plus all our stocks just highlighted jumped 7% to 20%, NYSE: CMCM NASDAQ: QLYS NYSE: CUDA NASDAQ: QIWI and NASDAQ: NFLX NASDAQ: CTRP NASDAQ: CMPR NYSE: N NYSE:UA posted 2-4% gains in the past 2 trading days. As yesterday, take points off the table here and there, oppy’s will be there to strike again and elsewhere.
All in, just like a few days in March in between markets sideways action where our stocks ran as numerous names were putting in NCH’s (new closing highs), we just got ‘gifted’ in April as well before earnings kick off. The gift is we should have more money to use on earnings picks as they come out over the next 30-60 days!. As far as the QNET making new 52wk highs (yet not 2014 momentum peak) before any other majors is something possibly very important, but we will need to see where it stands end of week to start. It’s hard to judge after a few big days as some consolidation needs to play out in our group.