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+The GorillaTrades portfolio had another strong session today. Among the GorillaPicks that fell, most dipped just a fraction of 1%, and only one dropped more than 1%-2%; unconfirmed Canadian Pacific Kansas City (CP) lost 2.1%, and LandBridge (LB) lost 3.3%, finally pulling back a bit after two consecutive powerful sessions. Conversely, MetLife (MET) rose 2%, while Visa (V) and Mastercard (MA) gained 3.1% and 3.3%, respectively. Thus, 18 of the 19 confirmed GorillaPicks in the GorillaTrades portfolio now hold unrealized gains, including seven with double-digit gains. Only Customers Bancorp (CUBI) holds just a 2.5% unrealized loss. Atmos Energy (ATO) leads the portfolio with a 41% gain. In addition, 15 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 large-cap benchmarks and the Russell 2000 are still neutral, according to the most reliable momentum indicators, and stocks have plenty of room to rally following last week’s broad-based dip. |
| Index | G/L | Current Level |
| Dow | +149 | 53,417 |
| Nasdaq | -200 | 25,980 |
| S&P | -22 | 7,653 |
| Russell 2000 | -23 | 2,995 |
| Year-to-date | 50-day MA | 200-day MA |
| +11.1% | 52,641 | 49,586 |
| +11.8% | 25,954 | 24,255 |
| +11.8% | 7,546 | 7,100 |
| +20.7% | 2,987 | 2,720 |
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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 46 stocks hitting new 52-week highs and 26 stocks hitting fresh 52-week lows, while volume was quite light. -The major indices finished mixed following a hectic but relatively quiet day of trading, with only the tech sector seeing elevated trading activity once again ·Chip stocks weighed heavily on the Nasdaq and the S&P 500, with the tech benchmark dipping below its 50-day moving average and hitting a fresh pullback low, but financials and inflation-sensitive stocks saved the day for the Dow ·Crude oil pulled back below the $85 per barrel level amid rumors of renewed talks between the U.S. and Iran, even though Treasury Secretary Scott Bessent announced “Operation Outcast”, a plan to choke Iran’s economy ·The U.S. and Canada are on the path for a full-blown tariff war following last week’s failed trade negotiations, with the two sides threatening to slap steep levies on a slew of products ·Treasury yields lost ground, with long-dated rates dropping sharply, but bond markets remained volatile ahead of this week’s Fed Symposium in Jackson Hole The main sectors diverged substantially throughout today's session, with the major indices’ mixed performance reflecting the unusually deep divide between the strongest and weakest sectors. The defensive consumer staples sector showed the most promise, gaining over 1.5%, with communication services, financials, and the rate-sensitive real estate and utilities sectors also closing the day in the green. Materials, healthcare, and the tech-heavy consumer discretionary sector finished flat, with energy and industrials losing roughly 1%, while the worst-performing sector, tech, gave back nearly 2%. Traders said that the market remained surprisingly stable despite today’s worrisome headlines. As one trader explained, “Even though the tech sector's continued weakness remains a concern for bulls, the market’s overall resilience to negative catalysts is still apparent, with the Dow's relative strength, in particular, boosting sentiment on the Street today.” |
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Symbol: SKY
Name: Champion Homes Inc. Industry: Consumer Discretionaries- Residential Construction Trigger Price: $91.61 Confirmation Volume Area: 720K First Target: $99.75 Second Target: $113.50 Stop Loss: $82.75 Risk Rating: 5 Dividend Yield: N/A |
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| Index | Support | Resistance |
| Dow | 35,800 +/- | 54,800 +/- |
| Nasdaq | 15,500 +/- | 27,200 +/- |
| S&P | 4,800 +/- | 7,850 +/- |
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"Dreams are little nudges from your soul." -Victoria Moran |
| Q. Dear Gorilla, should the GorillaPicks that are absent from the “weekly strongest" list be reviewed in a prudent or different manner in preparation for the next trading week? Read the Answer |
A Note From The Gorilla...
The GorillaTrades app is available on the Google Play Store, in addition to the Apple App Store. As a GorillaTrades subscriber, you have the ability to download either version of the app for free. In order to download the app, please visit either the Google Play Store (for Android users) or the Apple App Store (for iPhone users) and search for “GorillaTrades.” Once you have downloaded the app, simply login with the same credentials you use to login to the GorillaTrades website, and you will now have access to all of the Gorilla’s advice in the palm of your hand; making it easier than ever before to keep up with the Gorilla while on the go!
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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.    https://www.gorillatrades.com/subscribers/technical-parameters   |