Skip to main content

Intraday Watch List for Thursday, July 23rd...

Because I don't really care that blogging is about 10 years behind the times, I'm back for another daily intraday watch list.

Earnings season is still in full effect... the only thing I'd be on the watch out for is the crude inventories report that comes out at 10 EST in case you're playing energy names.  Also, be on the lookout for CELG earnings and what that can do for other biotech names... the sector has been one of best performers of the year.

Here we go...

LONG BREAKOUTS:

SGEN
DST
TIF
CMG
ACN
DNKN
UA
GME


SHORT BREAKOUTS:

TMUS
HLF
FEYE
RAX
SNDK


LONG TRENDS:

UNH
GS
EXPE
INCY
HCA
BMY
CME
DG


SHORT TRENDS:

GMCR
UNP
WYNN
SSYS
KORS
AKAM
CVX
LOW
XOM
Z
VIPS
LNG


LONG REVERSIONS:

XOP only if crude is trading higher


Good luck everyone and don't forget to keep practicing at www.chartarcade.com

Comments

Popular posts from this blog

Modeling Credit Risk...

     Here's a link to a presentation I gave back in August on modeling credit risk.  If anyone would like a copy of the slides, go ahead and drop me a line... https://www.gotostage.com/channel/39b3bd2dd467480a8200e7468c765143/recording/37684fe4e655449f9b473ec796241567/watch      Timeline of the presentation: Presentation Begins:                                                                0:58:00 Logistic Regression:                                     ...

Modeling Black-Litterman; Part 1 - Reverse Optimization

  "The 'radical' of one century is the 'conservative' of the next." -Mark Twain In this series, I'm going to explore some of the advances in portfolio management, construction, and modeling since the advent of Harry Markowitz's Nobel Prize winning Modern Portfolio Theory (MPT) in 1952. MPT's mean-variance optimization approach shaped theoretical asset allocation models for decades after its introduction.  However, the theory failed to become an accepted industry practice, so we'll explore why that is and what advances have developed in recent years to address the shortcomings of the original model. The Problems with Markowitz For the purpose of illustrating the benefits of diversification in a simple two-asset portfolio, Markowitz's model was a useful tool in producing optimal weights at each level of assumed risk to create efficient portfolios.   However, in reality, investment portfolios are complex and composed of large numbers of holdin...

Bitcoin Contagion?...

Same Song, Next Verse... On April 6th, the cryptocurrency market breached the $2 trillion mark in asset valuation for the first time.   However, on April 19th, Bitcoin traded below its 50-day simple moving average (SMA) for the first time since October and has, thus far, failed to reclaim that technical safety level.  Also, another bearish indicator is forming as it looks like the 20-day SMA will cross below the 50-day today.   As someone who graduated college in December of 1999 right into the waiting arms of the dotcom crash of 2000 and then, about 7 years later, had a front row seat to the housing crash and subsequent financial crisis, this all looks eerily familiar...  Bitcoint has had a 6x run-up within the span of a baseball season and crypto - in aggregate - is currently about 2% the size of the US equity market.   This all begs the question... 'What happens if this bubble bursts?' On the surface, it's hard to imagine a repeat of the contagion o...