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| Company | Symbol |
Date Triggered |
Trigger Price |
| None |
|
Current Price |
Stop Loss |
Target Price 1 |
Target Price 2 |
| Company | Symbol |
Trigger Price |
Confirmed Price |
| Apple | AAPL |
9/2 |
$332.27 |
|
Confirmed Date |
Current Price |
Stop Loss |
Target Price 1 |
Target Price 2 |
| 9/11 | $332.27 | $299 | $353 | $396 |
| None |
+The GorillaTrades portfolio was stronger on Friday, as a majority of GorillaPicks finished higher. Among the GorillaPicks that fell, only two dropped more than a fraction of 1%, and just one of the two dropped more than 1.3%; Vista Energy (VIST) lost 3.4%. Conversely, Nordson (NDSN) led among the winners, gaining 2.3%. Thus, 15 of the 19 confirmed GorillaPicks in the GorillaTrades now hold unrealized gains, including four with double-digit gains. This number is deceiving because only one confirmed GorillaPick holds more than a 2%-3% unrealized loss; Otter Tail (OTTR) is down 3.7%. Additionally, 12 different GorillaPicks have achieved their first targets. WEEKLY STRONGEST GORILLAPICKS: Apple Inc. AAPL |
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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 key momentum indicators, but the industrial average and the small-cap benchmark got close to oversold territory this week. |
| Index | G/L | Current Level |
| Dow | +504 | 52,568 |
| Nasdaq | +267 | 26,349 |
| S&P | +67 | 7,659 |
| Russell 2000 | +13 | 2,904 |
| Year-to-date | 50-day MA | 200-day MA |
| +9.4% | 52,967 | 49,986 |
| +13.4% | 26,047 | 24,477 |
| +11.9% | 7,607 | 7,163 |
| +17.0% | 2,981 | 2,756 |
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Advancing issues outnumbered decliners by a 2-to-1 ratio on the NYSE on Friday, with 33 stocks hitting new 52-week highs and 46 stocks hitting fresh 52-week lows, while volume was very light. -Stocks finished the week broadly lower amid a deep selloff in global risk assets, despite a promising late-week bounce, with consumer stocks and small-caps leading the way lower, and the major indices all dropped below their 50-day moving averages ·Tech stocks held their ground for most of the week, with Facebook parent Meta (META), Intel (INTC), and Apple (AAPL) showing promise in the face of intensifying inflation and yield worries ·Crude oil roared back above $100 and $110 per barrel in North America and Europe, respectively, as supply disruptions in the Middle East and China’s increased demand put pressure on energy markets ·The Core Consumer Price Index (CPI) was a bit above the consensus estimate, but the headline CPI and the Producer Price Index (PPI) were in line with expectations, while the Core PPI was cooler-than-expected ·Long-dated government bond yields hit new multi-year and multi-decade highs across the globe, with the benchmark 10-year Treasury yield getting very close to the critical 5% level ahead of next week’s Fed meeting Until Friday, stocks had a disappointing holiday-shortened week, but buyers took control before the weekend break, despite Friday's hotter-than-expected Consumer Price Index (CPI), which raised the odds of a Fed rate hike. The Dow and the Russell 2000 led the way lower amid a steep drop in European and Asian equities, but the tech sector and the Nasdaq provided much-needed support for the broader market. Oil’s volatile swings dominated headlines throughout the week, as the commodity surged to its highest level since May amid continued escalation between the U.S. and Iran. However, oil pulled back sharply on Friday, contributing to the relief rally in stocks. Long-dated rates exploded higher throughout the developed world ahead of next week’s Fed meeting, with the European Central Bank’s (ECB) rate hike and the Treasury’s disappointing debt buyback operations propelling yields to fresh multi-year and multi-decade highs. |
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Symbol: DSGX
Name: The Descartes Systems Group Inc. Industry: Technology- Software Application Trigger Price: $77.14 Confirmation Volume Area: 600K First Target: $84 Second Target: $95 Stop Loss: $70 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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"All the darkness in the world cannot extinguish the light of a single candle." -St. Francis of Assisii |
| Q.
Dear Gorilla, when using trailing stops, do I need to adjust my figures according to a GorillaPick's respective Risk Rating? Read the Answer |
A Note From The Gorilla...
As a GorillaTrades subscriber, you can sign up to receive real-time text message alerts, which are sent anytime a GorillaPick triggers, stops out, or achieves its target. You can also now receive text message alerts when the Gorilla recommends to close an Option Idea of The Week recommendation as well. If you would like to begin receiving text message alerts (or stop receiving them), simply proceed to the “My Account” section of the GorillaTrades website and add (and subtract) your cell phone number in the "Txt Msg Cell number" field under the "Personal Info" tab. This service is absolutely free to current paid subscribers, as well as those on trial, and you can opt-in or out anytime you wish.
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