This week’s bullish idea, MSFT, has continued to move up in a positive marketplace and is making a new recent high.  The SPYs finally reached our $265.00ish target that we’ve maintained for several weeks and we’ll see where we go from here.

MSFT is up nicely as we write but is having an issues surmounting the $107.70 level likely due to the 100 SMA residing just above there.

Bullish mention NKE is having another nice day today after a strong one yesterday.  It’s making a new 3 month high.

SQ is very much like NKE and is just below the 150 SMA after having had a few nice days.

PYPL is the bullish mention oddball for this week that’s not doing much so far.

Last week’s bullish name EQT, is still hanging in there but still hasn’t done much either.

We had four unique bullish mentions last week: YUM, OKTA, TWLO, TEAM.  They were there to keep an eye on if the market started to run like it has thi week.

YUM is having a good day and on the verge of breaking above resistance.

OKTA has continued to breakout and is up over $10.00 since last week’s mention.

TWLO has broken out and made a new 52 Week high.

TEAM has had a super-volatile day due to earnings.  It made a new all-time high this morning at $100.00 after the earnings were released but as is often the case, it’s gone bonkers since trading as low as $88.55 before bouncing.  Just ANOTHER example as to why we rarely expose ourselves to earnings risk.  That type of intra-day behavior is very difficult to make sense out of!

More when warranted!

Thanks!

Wayne