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New Potential Gorilla Picks |
Recently Triggered |
Recently Confirmed |
| None | PKG 7/13 |
None |
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Light Volume Pullbacks |
Special Situation Picks |
Gorilla Picklets |
| None |
None | None |
| Company | Symbol |
Date Triggered |
Trigger Price |
| Packaging |
PKG |
7/13 | $232.81 |
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Current Price |
Stop Loss |
Target Price 1 |
Target Price 2 |
| $225.81 | $214 | $250 |
$280 |
| None |
Although the overall stock market fell today, the GorillaTrades portfolio was slightly stronger, as a majority of GorillaPicks finished. Among the current GorillaPicks that fell, most dipped less than 1%, and only one dropped more than 1%-2%; Hyatt (H) lost 3.4%. Five risk-rated CRISPR Therapeutics (CRSP) stopped out at the open, even with its very loose stop. This one hurt because the Gorilla loves the company's long-term prospects, but he'd rather be safe than sorry in the short term. Conversely, Visa (V) led among the winners, gaining 2.5%. Thus, 16 of 18 confirmed GorillaPicks in the GorillaTrades portfolio hold unrealized gains, including eight with double-digit gains. In fact, only Simpson Manufacturing (SDD, -8.7%) holds more than a 2% unrealized loss. On the other hand, Cincinnati Financial (CINF) and Monarch Casino & Resorts (MCRI) hold 21% and 23% unrealized gains, respectively. Crocs (CROX) holds a 31% gain, while Atmos Energy (ATO) leads the portfolio with a 51% gain. In addition, 13 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 |
Overbought/Oversold: 
Overbought 0-100 Oversold The Dow and Russell 2000 continued to be overbought, from a momentum perspective, while the tech-heavy Nasdaq and S&P 500 are still neutral following today's selloff. |
| Index | G/L | Current Level |
| Dow | -138 | 52,499 |
| Nasdaq | -409 | 25,873 |
| S&P | -60 | 7,515 |
| Russell 2000 | -24 | 2,953 |
| Year-to-date | 50-day MA | 200-day MA |
| +9.2% | 50,971 | 48,638 |
| +11.3% | 26,072 | 23,808 |
| +9.8% | 7,441 | 6,969 |
| +19.0% | 2,909 | 2,641 |
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Decliners outnumbered advancing issues by a 5-to-4 ratio on the NYSE today (compared to the GT portfolio, where winners outnumbered losers), with 59 stocks hitting new 52-week highs and 19 stocks hitting fresh 52-week lows, while volume was very light. ·The President announced that the U.S. will, once again, blockade the Strait of Hormuz due to Iran’s recent attack on commercial ships, with renewed clashes between Saudi Arabia and Houthi rebels from Yemen also making headlines ·Crude oil jumped higher by the most since late April, with the commodity surging as high as $78 per barrel amid a global dip in risk assets ·The Nasdaq dropped back below its 50-day moving average, despite last week’s recovery, but the Dow showed stability again, finishing the day only slightly lower ·Treasury yields and the dollar pushed higher as rate-hike odds jumped, with the benchmark 10-year yield finishing above 4.6%, just shy of its year-to-date high Most major sectors finished today's nervous session in the red. Still, energy stocks roared nearly 3% higher amid oil’s strong rally, with the defensive consumer staples and utilities sectors eking out gains as well. Real estate stocks, financials, and the healthcare sector finished little changed, outperforming the broader market, while consumer discretionary and communication services gave back nearly 1% on average. Materials, industrials, and tech stocks fared even worse, with semiconductor stocks dropping over 4% amid today’s negative shift in investor sentiment. Traders said that even though stocks took a beating today, the market was unusually quiet. As one trader explained, “Trading volume was surprisingly low on the Street today, despite the geopolitical turmoil, as many participants took a step back ahead of this week’s key inflation reports and corporate earnings, which could trigger a spike in trading activity and volatility in the coming days.” |
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Symbol:
Name: None Industry: Trigger Price: Confirmation Volume Area: First Target: Second Target: Stop Loss: Risk Rating: Dividend Yield: |
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| Index | Support | Resistance |
| Dow | 35,800 +/- | 53,200 +/- |
| Nasdaq | 15,500 +/- | 27,100 +/- |
| S&P | 4,800 +/- | 7,650 +/- |
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"Happiness is letting go of what you think your life is supposed to look like and enjoying it for everything that it is." -Mandy Hale |
| Q. Dear Gorilla, a few of the “confirmed” GorillaPicks have been taken down under their trigger price, but they are still trading above their suggested stop level. What are your suggestions for purchasing a stock in this position? Read the Answer |
A Note From The Gorilla...
Would you like a quick review of the technical parameters used to identify potential GorillaPicks? 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.       |