Chart of the Day: PANW and Relative Strength During Market Selloffs

Today's chart of the day is PANW, which gapped and broke out over it's 50 dma yesterday, and is holding that level this morning.

This makes PANW a relative strength stock. During market selloffs,  it pays to keep a list of relative strength stocks that have the potential to beat the market and will likely be the next big momos if the market recovers.

Check out my 14 tips for handling market selloffs and Bullsonwallstreet.com

Keep an eye on on the 50 dma level. If it holds, PANW is at a good entry level and could retest all time highs.

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Chart of the day: GOOGL and the moving average remount

$GOOGL cracked $600 in early 2014 and quickly pulled back. Since that time the stock has been consolidating and actually broke below the 50 dma. After a few failed attempts at remount, the stock has gapped up over the 50 dma today. If this level holds we could see a run to $600 and another attempt at breaking out over this key round number.

I am holding $GOOGL in my longer term position trading account and may trade it in my short term swing today.
  
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Yesterday I talked about how to trade VIX in volatile markets. Here is the video if you missed it!

https://youtu.be/avpW0l1NhMU

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If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up for a 14 day free trial at BullsonWallStreet.com.

Chart of the day: GoPro

Today's stock chart of the day GoPro. GPRO is a recent IPO that is riding an earnings catalyst after bottoming out in early March. It is now breaking out and stalling at the newly formed 200 day moving average resistance level. A break of this level could set the stock up for a run to it's highs around $80.

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If you would like to learn more about how I trade, receive my nightly focus list with market analysis,setups and trade alerts, sign up for a 14 day free trial at BullsonWallStreet.com.  

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Today's Entry: GOOG