James Taulman
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After a Rather Rough Week – Market is Higher

After a rather rough week last week, market is higher on Monday.

As far as our individual stocks – there are growing signs of weakness, although much of it can be attributed to earnings announcements.

Earnings announcements have wreaked havoc on several of the TrendLine Portfolio Stocks.

Some examples are: PRLB plunged -22% on Thursday as company missed street 1Q forecasts.

Another victim of earnings was LKQ as it sold off Thursday and Friday.

RTN which broke out on Wednesday, then quickly sold off.

Then there is CYNO which also pulled back on Thursday, closing down -4% with a +69% increase in volume.

There are a handful of selections that remain at support.


There are still some holdings showing strength, although they are extended…

AHS and ERI.

Our ORIT was included in the list in Friday morning, yet did sell off that day just more than -1% wiht a +27$ increase in volume. One day of weakness does not trigger a sell signal. However, this action should be noted.

Some resilience can still be found in: ORA, UNH, VLRS, and HII.

Stocks which triggered a sell signal last week include:

Our TXRH on Thursday as shares closed well below the 50-day moving average ($42.21) and below the previous lows.

Also, XRAY broke support of its 50-day moving average on Friday.

Here is a one stock from my TrendLine SetUps WatchList, which am I monitoring today for a buyable breakout.