C.O.I. For The Week Of 6.9.19
SPX: Has reached all of our targets for this bounce. But as we've seen, these V recoveries can last a while. We have sold a lot of what we've added on Wednesday and don't have much of an appetite to add anything for more than a quick trade until we pullback again. This current rally could go as high as 2933, so we do have a few names we'll trade in that case. Otherwise, we'll patiently wait for another buy the dip opportunity. Once this wave finally tops, we'll have targets for a pullback.
EA: Is trying to break out of this wedge formation and push over the 200sma. If it trades above 98.70, we will go long for a quick trade with a target of 103/104.
FSLR: Had a nice digestion period and looks ready for to breakout for a quick trade. We will go long above 63.82, and look to sell at 65/66.
XLNX: Has held it's 200sma and should have ore bounce int he tank We will buy a break above 109.40 and target 114.46.