Tom Wrigley
32,211 followers
StoneColdCountry 
AliRaja_MD 
human_not_bees 
Europe Closed | Mostly🔼
•Broke 3-Wk loss streak
•Ital Banks RS
US | Where the🔥is..
•A/D👍🏽
•Energy/Bas Mat💪🏽
•Soft $, Oil ↑2%
•Utes/Staples Soft
•Tech 🔥off $SPLK $ADSK
$VEEV $ANET etc
•China, Still Rel Weak
•Retail Weak off $GPS $FL etc
•Let's Close nHu1Nsepa7lG
Software-Related have been on🔥
But if $SPLK $ADSK ignite next leg
–
Watchlist of some Nice Charts…
w/*Actually More Room on Daily
(& poss. Alpha Trades)
*🍒pick vs. Time-frame | Idea Gen
$ADBE $COUP $CRM $CSOD $DOCU
$FFIV $HUBS $MSFT $NEWR $NTNX
$OKTA $ORCL $PANW $PVTL $ULTz9
$AAPL
Maintains Buy, 226➜250
-Independent Research
$NFLX
Upgraded Hold➜Buy, 415➜410
-SunTrust
ER's & Approx % 📈📉
pm
$ADSK 7 $FLXS $GLOB 10 $GPS 8
$HPQ 5 $IMMU 13 $INTU 6 $OSIS 9
$ROST 8 $SPLK 7 $VEEV 9 $VMW 5
am
$BKE 10 $HIBB 16 $FL 14
$QD 18 $UBNT 12 $YI1r
One of my favorite market stats is after the S&P has a 5 month win streak, it is nearly always higher 12 months later.
In fact, since '50, 23 out of 24 times it was higher.
There was a 5 month win streak last August.
Month isn't over yet, but S&P 500 up +16% since then ...
Retweeted by Tom Wrigley Peak __<fill in blank>__
QOTD (D Sandler, RiverFront)
"Everyone overturning rocks looking for what Could go Wrong
...We ought to be looking for what Could go Right"
👀 Perf. of $TTD $W $SFIX $LULU $CPRT $AMD $NVDA $FIVE $SODA $WWE $ETSY $SQ $NTAP $AMZN $AAPL $LOGI $CVNA etc etc
Europe Close | Mostly🔽
•Brexit noise
•Forex & $ RS
U.S. Snapshot ...
•Breadth needs work
•Got some work to do
•See how day plays out
•China Trade Talk getting attn.
•Day 1/2, Jackson Hole
(Powell speaks Fri a.m.)
•ER's AH, $ADSK $GPS $HPQ
$INTU $ROST $SPLK $VEEV $VMWd
Appreciate Sunrise ... Mutual #FF👊🏽
Thank You for all You do for FinTwitwitter.com/SunriseTrader/…fA
~1.5-hr into trade ...
$BABA 10-pt fade
taking many China names with
$YY $IQ $TCEHY $BIDU $NTES $JD
$BZUN $WB $ASHR $KWEB etc
*Fade in Indices as well $SPX $COMPQ
(see if mkt catches breath with
Europe Close at bottom of hour)
$ADBE 257.68 [Updated thoughts]
•Flag Breakout was legit
•Got hit w/Mkt, End of July
•13F's hit Mid-Aug.
–
•Last Qtr (6/14), had a nice Pre-run
•Sets up nice here for poss. same
•ER, Sep 13
$IDXX 246.93
•Basing / Coiled / RSI Curl
•See if can close >TL Trigger
PT's, 1/2
$AGN 181➜202 MS
$DECK 89➜104 Susquehanna
$DXCM
125➜150 Canaccord
135➜160 Stephens
140➜160 Baird
$EXAS 75➜90 Leerink
$FNSR 18➜26 Piper
$KSS 45➜51 MS
$LOW
105➜125 Stifel
115➜120 UBS
113➜126 BAML
115➜125 KeyBanc
110➜120 WFC
110➜120 Baird
$MRK 68➜74 MS
PT's, 2/2
$PFE
38➜40 Barclays
43➜45 MS
$QCOM 81➜88 Canaccord
$TGT
70➜90 Barclays
72➜90 WFC
85➜90 UBS
85➜93 Stifel
91➜99 MKM
80➜100 Telsey
$TRHC 65➜86 Oppy
$TJX 99➜119 MS
Earnings on tap | 1-hr to go
pm
$JKHY $KEYS $LZB $MYGN
$PSTG $RRGB $SE $SMCI $URBN
am
$ADI $ALOT $BITA $BNED $LOW
$MOMO $PLAB $TGT $UXIN
$W 124.41 Daily/Wkly
Daily, Ext. from Flag
Wkly, Testing Inside/up
(see if can Trigger)
All time frames, room on chart
Europe Closed | Broadly🔼
US Marker
•Some drift into Europe Close
•But, Breadth & New High's +ve
•Mkt Bulls like Utes/R.E. Rel Wk
•$ weakness also helping mkt
•Rotation still working
•Some China Names a bit weak
Reminder, Thu–
$BABA (Also poss. China Tariffs)
Minutes, tmrwa
@WrigleyTom and for those who don't get tom's reference i believe citron first "short call" for $NVDA was around $110-$120.
Retweeted by Tom Wrigley lol $NVDA if at first you don't succeed ...
Try again, and again, and again twitter.com/CitronResearch…
45m into trade ...
$SOXX $SMH strong/RS, nHod
$NVDA nHod
$AMD New 52-wk High
$CRM 145.71
Bumps PT $152➜$165
Stock is rated Outperform
-BMO
***
Like it on Trigger ↑Triangle
Earnings, Wed 8/29
$NVDA (+0.6% pre) Nvidia Unveils GeForce RTX Series: 'A New Golden Age Of Gaming' - BZ
ooc.bz/l/26869
Retweeted by Tom Wrigley BAML $AAPL raise Services revenue estimate for 2019 by about $800mn and factor in slightly higher margins, and reiterate Buy on strength in Services, stable hardware & strong capital returns. PO moves to $250. twitter.com/WrigleyTom/sta…
Retweeted by Tom Wrigley $AAPL
Bumps PT $230➜$250
(also raises FY2019 EPS & Rev est.)
Maintains Buy-Rating
-BAML
$LOGI 47.65 Breaking Out
•Still Room on Chart
•Like it Interm./Longer-term
–
icymi, couple of good sitdowns
w/CEO (vids, via Bloomberg)
bloomberg.com/news/videos/20…
bloomberg.com/news/videos/20…
(Cramer's vid + more info on thread)
$AMD 19.98 Closing Print
•Testing Ascending Triangle TL
•See if can push thru 20.28
(short-intermediate term) twitter.com/AMD/status/103…
$SODA nice 8-mo. returns, and
Proving sometimes the🐢beats the🐇
Know Indiv. Time-Frames/Risk Parameters
Subtract out the Day-to-Day Noistwitter.com/WrigleyTom/sta…La
$APTI 35.60 icymi
CEO on w/Cramer tonight
Stock ~8% Short Int.
–
•Choppy Chart, but could be
worth a look on re-take of 50d
•Just reported the Qtr
(beat bottom/top & guided ↑er)
$W 121.57 On Watch
•May need to develop more, but
•Watching for Flag Trigger cont.
•See how it Closes (Day & Wk)
$NFLX should start to stabilize near the YTD VWAP, no evidence of buyers gaining control but this is important level of interest
Retweeted by Tom Wrigley Top 15 | IBD50 @IBDinvestors
Current Outlook–
Confirmed Uptrend
***
Distribution Days–
SP500, 4
Nasdaq, 4
***
$WWE $GRUB $FIVE $VNOM $ABMD
$LGND $PAYC $HQY $FTNT $TTD
$MTCH $PLNT $ALGN $ILMN $MEDP
Watchlist & Set-ups | Idea Gen.
$BEAT $BURL $CPRT $CRM
$CVNA $ETSY $FFIV $FIVE $LULU
***
$MA $MDB $MNST $NTAP $PANW
$TCMD $TRHC $V $WWE
🍒pick vs. Indiv. Risk/Timeframes
(some New Ideas/some Still Working)g
📈Earnings 📉
$ADI $ADSK $BABA $BITA $BKE
$CMCM $EL $FL $FN $GPS $HPQ
$HRL $HTHT $IMMU $INTU $JILL
$JKHY $KEYS $KSS $LB $LOW $LX
$LZB $MDT $MOMO $MYGN
$NDSN $NEW $PLCE $PSTG $QD
$RAVN $ROST $RRGB $SAFM
$SJM $SNPS $SPLK $SQM $TGT
$TJX $TOL $TTC $UBNT $URBN
$VEEV $VMW $WSM $ZAY2N
$AAXN 63.60 On Watch
•Entering Gap
•r/r Long poss. Lining Up
•Some Triggers Want–
>50d, Osc. Cross, 8d/50d Cross
(w/↑RS & Volume)
•See how it Closes
•Wouldn't be surprised to see
similar type of run ala $AVAV $IRBT
*fwiw, $DGLY ER next week
(poss. headline risk from them?)
Europe Closed | mild red
US | Marker
•Bought into Europe Close
•Breadth, decent
•Staples & Utes, Lead
(see if can shift into Mkt Close)
•Industrials, bright spot
•Some +ve Standouts $AAPL
$CRMT $JWN $PAR $CATM $DE
$CGC $TLRY $ZOES $WMT $NTES
•Still 📈as I composed#NoJnyxxj
Some PT's ...
$AMAT mult/mixed
$AMED 103➜125 Oppy
$ESPR 57➜75 Citi
$JD mult/mixed
$JWN
54➜62 Citi
56➜61 DB
54➜59 Nomura
$MTCH 50➜56 DB
$NVDA mult/mixed
$TJX 100➜120 Northcoast
$VNOM 38➜42 Stifel
$WMT
105➜107 Telsey, KeyBanc
98➜115 BAML
101➜113 Citi
93➜102 UBS
$CARB 39.40 Daily/Wkly
•Breaking out
•Nice Daily Candle Today
•Wkly, Inside/Up
•Want TL Support here
•Looking for New Highs soon
(w/More Volume/Flow on move)
*icymi, mid-July Messiness was
helped by Offering (priced at 37.50)
(Daily, redrew lines from Orig. Idea)
$MNST 61.67 Daily/Wkly
•Makes for good Long Thesis here
•Nice Gap Consolidation
•50d/200d Support w/poss. Cross
•RS climbing off Support
•Daily Osc. catching up to Wkly
•Wkly Vol, Net +ve (on current move)
•Room on Chart
•Pick spots vs. Timeframe
(addtl' notes on thread)
Nasdaq a bit whippy w/40m left
$NVDA 5 Things to Watch For ...
thestreet.com/investing/nvid…
Good Summary w/Metrics–
•Datacenter
•Crypto
•Gaming
•Auto
•Margins
(looks like Expected Move ~6.2% +/-)
Screening for Leaders | Useful Tools
-via @MarketSmith @IBDinvestors
investors.com/research/warre… (Aug 14)
investors.com/ibd-university…
Yesterday– Contagion
Today– Broad Based Rally
Next Wk/Mo/Etc–
Will FANG/China/Trade/Election/etc kill
("what inning are we in"😎)Bull Mkt?!
–
Narrative changes Ea Day–
Adjust Noise Filters
Know YOUR Timeframe/Risk Profile
Watch where $ Rotates to
Mkt of Stocks
Trade Your Stylej
Eyeing this bull wedge as well! Rolled to 3K Sep $75/$85 call spreads yesterday twitter.com/WrigleyTom/sta…
Retweeted by Tom Wrigley $WWE 77.82
•Possible r/r Idea *on Trigger
•SummerSlam 2018, this wknd
•One of their Biggest PPV events
twitter.com/WWE/status/102…
•Not Cheap or Early, Big Short Int.
•On Watch into Next Week
(on Event Viewership #'s)
•See if can re-take 8d for starters
•If/then, ↑Flag & Box
$WMT holding gains well in pre
Some charts to watch (Idea Gen)–
$BURL $COST $DG $FIVE
$LULU $NKE $SFIX $TGT
**
Also some $AMZN news–
Amazon in Running to Acquire Landmark Movie Chain
bloomberg.com/news/articles/…
Amazon considering UK insurance comparison site
reut.rs/2nG3j1B
$SFIX 33.75 [updated thoughts]
•Daily, Nice Trigger out of Flag
(osc. just now crossing)
•Wkly Inside/Up out of Wedge
•Wkly Vol already ~½ of last wk's
•See if can Close Wk, Inside/Up
•Looking for ATH, s/t
–
incl SunTrust comments, 8/10
barrons.com/articles/stitc… @barronsonline
$FIVE 105.94 Daily/Wkly
•On Watch for Base Breakout
•ER in ~a few weeks
•Possibly Triggers for pre-run
•Still decent sized Short Int.
•More Volume & Flow welcomed
(see Price & Vol, pre-ER last Qtr)
$AMD 20.02
New Closing High dating back to 2007
Verrone, Strategas says looking for $25
(keep in mind $NVDA ER, Thu 8/16) twitter.com/CNBCFastMoney/…
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