Current Focus List
The VoSI Focus List is a compilation and reference list of stocks for which Pocket Pivot or Buyable Gap-Up Reports have been issued and which have been deemed suitable for inclusion on the Focus List. Not all stocks for which a Pocket Pivot or Buyable Gap-Up report has been issued will necessarily be added to the list. It is not intended as a "buy list" or a list of immediately actionable recommendations. Stocks on the list may or may not be in proper buy positions, and investors should exercise discretion and proper judgement in determining when and where stocks on the Focus List can be purchased. The following notes are intended to assist in this process. Please note that members can enlarge the Focus List image by clicking on the body of the email and then holding the Control Key while pressing the "+" key until it is large enough to read.
General Observations:
Despite a mid-week sell-off on news that the Trump Administration was proposing tariffs on another $200 billion worth of Chinese goods and services, the market recovered quickly and resumed its uptrend. The NASDAQ Composite Index broke out to all-time highs on Thursday on a strong volume increase, and then held in a tight range as it edged higher on Friday with volume declining. For now, the market uptrend remains intact, but the continuing geo-political news flow combined with the start of earnings season will likely keep things volatile.
The Market Direction Model (MDM) is currently on a sell signal.
Removed from the List this Week: None
Focus List Stocks Expected to Report Earnings this Week: Netflix (NFLX) on Monday after the close.
Notable Action:
Amazon.com (AMZN) cleared the $1800 Century Mark on Friday on strong volume. Technically, this could be considered another entry point using 1800 as a tight selling guide. The stock closed less than 1% above 1800, which keeps it within buying range.
Baozun (BZUN) has rallied further off its 50-dma, but is in an extended position. Over the past week, the stock has posted two five-day pocket pivots We would watch for a constructive pullback to the 20-dema as confirmation of the viability of this current bounce off key support at the 50-dma.
Fortinet (FTNT) posted a new all-time high on Friday. The stock is currently out of buying range.
Netflix (NFLX) will report earnings on Monday after the close, and on Friday broke below its 20-dema on concerns over subscriber growth.
Square (SQ) is sitting in a miniature cup-with-handle formation ahead of its expected August 2nd earnings report date.
