Quiet Riot

BUYER’S EDGE

Sector rotation still in effect as technology names see some institutional selling. The election may be loudly contested, yet the market stayed mostly subdued.

INDEXWEEKCLOSECHANGE% CHANGEYTD %
DJIA29263.48-216.33-0.72.5
Nasdaq11854.9725.680.232.1
S&P 5003557.54-27.61-0.810.1
Russell 20001785.3441.302.47.0
Weekly Advancing/Declining Volume NYSE: 1.6, NASDAQ: 2.1 
Accumulation/Distribution Count, 20 DaysS&P 500: 4/3, NASDAQ: 5/5  
Weekly Advances/Declines, IssuesNYSE: 2.7, NASDAQ: 2.2  
New HighsNYSE:   377 (-13%), NASDAQ: 492  (-11%)
New LowsNYSE:  25 (-38%), NASDAQ: 54 (-19%)
SYMBOLNAME% CHG40EMACHART
XLEENERGY5.7Second week of rallying brings it to the 40EMA, but still a downtrend.
XLBMATERIALS1.09Pullback from new high last week. 
XLIINDUSTRIAL1.05Inches up to new high for second week in a row. 
XLFFINANCIAL0.55Convincingly above 40EMA, 15% off high. 
XLYCONSUMER DISC0.16Pullback from new high last week. 
XLCCOMMUNICATIONS SRVCS-0.36Pullback in handle of 10-week base.
XLKTECHNOLOGY-0.9Pullback in handle of 10-week base.
XLREREAL ESTATE-1.52Pullback in handle of 9-mo. base.
XLPCONSUMER STAPLES-1.53Fades from new high. 
XLVHEALTH CARE-2.96Pullback from new high last week. 
XLUUTILITIES-3.86Pullback in handle of 9-mo. base.

WHAT’S GOING ON

 Big Tech leadership continues to fade. 

  • Apple (AAPL, -1.61%), 
  • Microsoft (MSFT, -2.57%), and 
  • Facebook (FB, -2.62%) have narrowed their +two-month ranges. 
  • Alphabet (GOOG, -1.96%) bucked the trend as it hit a new high.  

Key Industry Action

  • Three-year base breakout in resorts and casinos, apparel manufacturers, apparel stores, personal services, drug manufacturers.
  • Home furnishings, medical devices new high.
  • Business services breakout.
  • Security and Protection, RV’s, beverages in cup and handle.
  • Luxury goods, right side of base.
  • Copper new high.
  • Medical distribution base breakout.

GSRTRADES

These are the stocks in breakout mode that meet the strict criteria for Growth Stock Trades.

These top names are leadership and will help determine the success of others on our Bases and Lower Bases lists. Strong representation from biotech, cloud computing, stay at home, work at home, software and online retail. 

BREAKOUTS & PULLBACKS

TickerCompany NameTIERDEMANDIndustry
AAXNAxon Enterprise Inc4X++Aerospace & Defense
APPSDigital Turbine, Inc.3P++Internet Software/Services
AVLRAvalara Inc4X++Packaged Software
BERYBerry Global Group Inc4P+Containers/Packaging
BLFSBioLife Solutions, Inc.4X++Medical Specialties
BPMCBlueprint Medicines Corp.1P+Biotechnology
CDNACareDx, Inc.4X++Medical Specialties
CELHCelsius Holdings, Inc.1P++Beverages: Non-Alcoholic
CGCCanopy Growth Corporation3P++Agricultural Commodities/Milling
COWNCowen Inc Class A3P+Investment Banks/Brokers
CRDFCardiff Oncology, Inc.3X++Medical/Nursing Services
EXASExact Sciences Corporation1X++Biotechnology
FATEFate Therapeutics, Inc.1X++Biotechnology
FIVNFive9, Inc.4X++Information Technology Services
FOLDAmicus Therapeutics, Inc.4X++Biotechnology
FRHCFreedom Holding Corp.3P++Investment Banks/Brokers
FRPTFreshpet Inc4P++Food: Specialty/Candy
FSLRFirst Solar, Inc.4P+Electronic Components
FTCHFarfetch Limited Class A2X++Internet Software/Services
FUBOfuboTV Inc.1X++Movies/Entertainment
FUVArcimoto, Inc.1X++Motor Vehicles
GRBKGreen Brick Partners, Inc.4P++Homebuilding
GRWGGrowGeneration Corp.1P++Wholesale Distributors
HIHillenbrand, Inc.4XIndustrial Conglomerates
HTHHilltop Holdings Inc.4PRegional Banks
HUBSHubSpot, Inc.4X++Information Technology Services
IIPRInnovative Industrial Properties Inc1P++Real Estate Investment Trusts
IIVIII-VI Incorporated1X++Electronic Equipment/Instruments
IPHIInphi Corporation3X++Semiconductors
IRIngersoll Rand Inc.3X+Industrial Machinery
LOBLive Oak Bancshares, Inc.3P++Regional Banks
MELIMercadoLibre, Inc.3X++Internet Software/Services
MGNIMagnite, Inc.4X+Advertising/Marketing Services
MRNAModerna, Inc.1X++Biotechnology
MRTXMirati Therapeutics Inc.1X++Biotechnology
NETCloudflare Inc Class A4X++Information Technology Services
NOVASunnova Energy International Inc4X++Wholesale Distributors
NTLAIntellia Therapeutics, Inc.3X++Biotechnology
NTRNutrien Ltd.1PChemicals: Agricultural
NTRANatera, Inc.4X++Medical/Nursing Services
OCULOcular Therapeutix Inc1X++Pharmaceuticals: Major
OSBNorbord Inc.4P+Forest Products
PLANAnaplan, Inc.4X+Packaged Software
PLUGPlug Power Inc.3X++Electronic Components
QTWOQ2 Holdings, Inc.4X+Information Technology Services
RAREUltragenyx Pharmaceutical, Inc.1X++Biotechnology
RGENRepligen Corporation4P++Pharmaceuticals: Major
ROKURoku, Inc. Class A4X+Electronics/Appliances
RPDRapid7 Inc.4X+Information Technology Services
SBGISinclair Broadcast Group, Inc. Class A4XBroadcasting
SNAPSnap, Inc. Class A4X++Internet Software/Services
SQSquare, Inc. Class A1P++Information Technology Services
STNEStoneCo Ltd. Class A4P+Packaged Software
SWAVShockwave Medical, Inc.2X++Medical Specialties
TERTeradyne, Inc.4P+Electronic Production Equipment
TRUPTrupanion, Inc.4X++Specialty Insurance
TWSTTwist Bioscience Corp.4X++Biotechnology
ZZillow Group, Inc. Class C2X++Information Technology Services

Keep your profits,

Dan