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| The Gorilla Daily Email |
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| Monday 8/3/2026 |
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| Dow Closes At Record High As Tech Stocks Surge |
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📋 GorillaTrades Menu of Ideas
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New Potential
Gorilla Picks
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Recently
Triggered
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Recently
Confirmed
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| CUBI 8/4 |
SLM 7/28
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SLM 8/3 HALO 7/28
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Light Volume Pullbacks
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Special Situation Picks
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Gorilla Picklets
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| None |
None |
None |
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Company
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Symbol
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Current Price
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Customers Bank
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CUBI
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$80.53
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Trigger Price
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Confirmation Volume
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Deadline
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| $81.01 |
300K |
8/10 |
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| *Remember to vote on this new pick HERE |
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🚀 Recently Triggered GorillaPicks
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Company
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Symbol
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Date Triggered
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Trigger Price
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SLM
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SLM
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7/28 |
$25,56
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Current Price
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Stop Loss
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Target Price 1
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Target Price 2
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| $27.10 |
$23 |
$28
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$31.50
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👍 Recently Confirmed GorillaPicks
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Company
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Symbol
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Trigger Price
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Confirmed Price
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SLM
Halozyme
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SLM
HALO
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$25.56
$81.43
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$27.10
$83.45
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Confirmed Date
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Current Price
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Stop Loss
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Target Price 1
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Target Price 2
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8/3
7/28
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$27.10
$82.27
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$23
$73.50
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$28
$88.50
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$31.50
$100.50
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💰 Transactions Closed Today
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UFP Technologies (UFPT) triggered on 7/16/26 at $247.42, sold 75% at $268 (first target) for an 8.5% profit
Axsome Therapeutics (AXSM) triggered on 7/22/26 at $237.36, sold at $215.50 (stop loss) for a 9% loss (at the open) NEVER CONFIRMED |
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The GorillaTrades portfolio has a powerful session. Among the GorillaPicks that fell, only one dipped more than a fraction of 1%; AbbVie (ABBV) lost 2.3%. Axsome Therapeutics (AXSM) stopped out, but it had never confirmed. Conversely, three different GorillaPicks (Otter Tail- OTTR, Packaging Corp.- PKG, and Western Alliance Bancorp.- WAL) rose 2%-3% each. SLM (SLM) gained 4.3%, while UFP Technologies (UFPT) and Blackstone (BX) leaped 5% and 6.5%, respectively, with the former (UFPT) achieving its first target in the process for a quick 8.5% profit.
Thus, 16 of the 18 confirmed GorillaPicks in the GorillaTrades portfolio now hold unrealized gains, including seven with double-digit gains. Neither confirmed GorillaPick that holds an unrealized loss (Neurocrine Biosciences- NBIX nor Otter Tail- OTTR) is down by more than 1.3%. Conversely, Atmos Energy (ATO) leads the portfolio with a 45% gain. In addition, 12 different GorillaPicks have achieved their first targets.
*Please click HERE to view all of the HIGHLIGHTED stop loss and target adjustments for this week: Current GorillaTrades Portfolio (http://www.gorillatrades.com/subscribers/long) |
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Price Action:

Bearish 0-100 Bullish
Price action improved in nearly all “risk-on” sectors today, with tech stocks, in particular, showing promise following over a month of weakness, and bulls continue to have a firm grip on the market. |
Overbought/Oversold:
Overbought 0-100 Oversold
The large-cap benchmarks and the Russell 2000 are still all neutral, according to the most reliable momentum indicators, despite today’s strong rally, and stocks have plenty of room to rally before becoming overbought. |
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Index
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G/L
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Current Level
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Dow
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+693 |
53,178 |
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Nasdaq
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+540 |
25,914 |
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S&P
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+111 |
7,601 |
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Russell 2000
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+51 |
2,982 |
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Year-to-date
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50-day MA
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200-day MA
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| +10.6%
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51,769 |
49,085 |
| +11.5%
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25,941 |
24,015 |
| +11.0%
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7,475 |
7,029 |
| +20.1% |
2,947 |
2,679 |
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Advancing issues outnumbered decliners by a 7-to-3 ratio on the NYSE today, with 61 stocks hitting new 52-week highs and 11 stocks hitting fresh 52-week lows, while volume remained a bit light.
-The major indices finished significantly higher thanks to a broad-based short squeeze on Wall Street, as both the U.S. and Iran halted attacks in the Gulf region, triggering a steep drop in oil and Treasury yields
·The Dow recaptured the 53K level, closing at a new record high as growth-sensitive stocks and tech-related issues pushed higher hand in hand
·The Nasdaq and the S&P 500 both topped their 50-day moving averages during the day, although the tech benchmark failed to close above its short-term indicator
·The ISM manufacturing PMI handily beat the consensus estimate, coming in at 55.6, which is the measure's highest reading in over four years
·Long-dated Treasury yields retreated from their recent multi-year and multi-decade highs, with the benchmark 10-year yield dropping below 4.7%, providing some relief to the most rate-sensitive sectors
August kicked off with a bullish session across the main sectors, with only defensive stocks and energy lagging the broader market amid oil’s dip. Communication services led the way higher, gaining over 3.5%, with industrials and the tech-heavy consumer discretionaries sector adding more than 2%, and tech stocks jumping over 1.5%. Materials and financials pulled their weight too, but real estate and utilities only registered marginal gains, with healthcare, consumer staples, and energy losing ground.
Traders said that stocks reacted well to the end of the latest “hot” phase of the Middle East conflict. As one trader explained, “The major indices surged after the opening bell, and shorts were squeezed throughout the day, with the Dow even eking out a new all-time closing high, which bodes well for the broader market for the coming days and weeks.”
Read Full Commentary
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🔥 New Potential GorillaPick
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Symbol: CUBI
Name: Customers Bancorp Inc.
Industry: Financial Services- Regional Banks
Trigger Price: $81.01
Confirmation Volume Area: 300K
First Target: $87.75
Second Target: $98.25
Stop Loss: $73.75
Risk Rating: 4
Dividend Yield:oN/A
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| *Remember to vote on this new pick HERE |
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🔑 Key Long-Term Technical Levels
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Index
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Support
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Resistance
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Dow
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35,800 +/-
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53,300 +/-
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Nasdaq
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15,500 +/-
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27,200 +/-
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S&P
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4,800 +/-
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7,650 +/-
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"To practice any art, no matter how well or badly, is a way to make your soul grow. So do it. "
-Kurt Vonnegut |
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Q. Dear Gorilla, do you ever include ETF’s in your analysis or consideration for trading? If not, then why? Thanks!
Read the Answer |
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A Note From The Gorilla...
Do you want to better understand Trigger Price vs. Confirmation Price? Click HERE
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The GorillaTrades "portfolio" is a collection of investment ideas, which are meant to be filtered according to your investment style and tolerance for risk. All investing involves risk. Always invest according to your own tolerance for risk and use a stop loss.
Copyright GorillaTrades 1999-2026. All Rights Reserved. This newsletter's viewing/use is limited to active subscriber's under the current terms of service.

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