Top 10 Report – December 11, 2019

Market Conditions

The general market is healthy and making constructive progress to the upside.

Market Sentiment

General market volatility is low and the crowd is unemotional and even keeled.

Market Status

We are in a confirmed uptrend and looking to establish long positions in the highest quality leaders, as entry areas present themselves.

Market Insight

The major indexes have held up in a tight range near recent highs so far this week, which is considered constructive action. The distribution count has climbed to 6 days on the NASDAQ and 4 days on the S&P 500, but given how robust the market’s leadership is, these levels are easily manageable. Not to mention, all four major indexes are looking healthy and strong.

The current uptrend in the general market continues to be supported by a broad base of fundamentally sound leadership, exhibiting major strength. The same sectors and industry groups that we’ve been discussing continue to lead the way. One again, they were the technology, medical/biotech, retail, building, financial and transportation sectors.

So, continue to keep track of the strongest stocks in the strongest groups, with the best fundamentals. Set your alerts and be ready to buy these stocks as entry areas present themselves.

The Indicies

The NASDAQ drifted in to its 10-DMA over the last couple days and is holding up constructively in a tight range just slightly below its recent all-time high.

The Russell 2000 held up in a tight range above its 4-EMA, just a hair below recent highs and was the only index to finish yesterday’s session in the black.

The S&P 500 drifted in to its 10-DMA over the last couple days and is holding up constructively in a tight range just slightly below its recent all-time high.

The DOW drifted in to the confluence of its 10-DMA, 21-DMA and 23-EMA over the last couple days and is holding up constructively in a tight range just slightly below its recent all-time high.

Top 10 Stocks

Buy ADBE on a big volume move through $310.00 with a sell stop at its 23-EMA &/or on a constructive pullback to $302.05, with a sell stop at its 65-EMA. (Price Alert: $310.00)

Buy COUP on a big volume move through $155.14, with a sell stop at $144.87 &/or on a constructive pullback to $144.87, with a sell stop at its 65-EMA. (Price Alert: $155.14)

Buy CYBR on a big volume move through $124.67, with a sell stop at its 200-DMA. (Price Alert: $124.67)

Buy FB on a big volume move through $203.80, with a sell stop at its 50-DMA &/or on a constructive pullback to $198.09, with a sell stop at its 50-DMA. (Price Alert: $203.80)

Buy SE on a big volume move through $38.00, with a sell stop at its 23-EMA. (Price Alert: $38.00)

Buy SHOP on a big volume move through $376.91, with a sell stop at $349.44 &/or on a constructive pullback to $349.44, with a sell stop at its 50-DMA. (Price Alert: $376.91)

Buy CMG on a big volume move through $825.60, with a sell stop at its 65-EMA. (Price Alert: $825.60)

Buy AMRN on a big volume move through $23.91, with a sell stop at $22.00. (Price Alert: $23.91)

Buy CUTR on a big volume move through $38.88, with a sell stop at its 23-EMA &/or on a constructive pullback to $35.85, with a sell stop at its 23-EMA. (Price Alert: $38.88)

Buy DVA on a big volume move through $73.50, with a sell stop pat its 23-EMA. (Price Alert: $73.50)

Buy PCRX on a big volume move through $46.80, with a sell stop at its 23-EMA. (Price Alert: $46.80)

Stocks on Deck

The following list of stocks may become actionable at any time. If and when these stocks actually trigger a legitimate entry area, they will be included in the chart section above. Ticker symbols in red indicate extreme risk.

FTNT – Pivot point $106.00, sell stop 23-EMA.
LRCX – Pivot point $272.58, sell stop 50-DMA.
MELI – Pivot point $598.55, sell stop 200-DMA.
SPLK – Pivot point $150.71, sell stop 10-DMA.
UCTT – Pivot point $22.80, sell stop 23-EMA.
ACA – Constructive pullback to $39.33, sell stop 23-EMA. Long from $39.33 entry area, sell stop 23-EMA.
PLNT – Pivot point $74.90, sell stop 200-DMA. Long from $74.90 entry area, sell stop 200-DMA.
SNBR – Pivot point $50.47, sell stop 65-EMA.
TDG – Pivot point $572.21, sell stop 23-EMA.
TPX – Pivot point $86.75, sell stop 65-EMA.
CCXI – Pivot point $32.35, sell stop 10-DMA.
CTLT – Pivot point $53.25, sell stop 50-DMA.
HALO – Pivot point $19.73, sell stop 23-EMA.
RETA – Pivot point $215.10, sell stop 23-EMA.
REGN – Pivot point $373.73, sell stop 23-EMA.



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December 10, 2019

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