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| Company | Symbol |
Trigger Price |
Confirmed Price |
| AbbVie Nordson Trane Maplebear |
ABBV NDSN TT CART |
$227.37 $292.39 $472.40 $43.16 |
$230.10 $295.92 $483.27 $44.21 |
|
Confirmed Date |
Current Price |
Stop Loss |
Target Price 1 |
Target Price 2 |
| 6/22 6/18 6/18 6/16 |
$230.10 $295.06 $491.59 $44.27 |
$206.50 $266 $436 $39 |
$242 $314 $505 $47 |
$270 $354 $566 $52.50 |
| None |
The GorillaTrades portfolio was stronger again today. Among the GorillaPicks that fell, only two dipped more than 1%; unconfirmed Western Alliance Bancorporation (WAL) dropped 1.5%, and Hyatt (H) gave back 2.8%. Conversely, JPMorgan Chase (JPM) and MetLife (MET) rose 2% and 2.3%, respectively, while AbbVie (ABBV) led among the winners, leaping more than 6%! Thus, an impressive 13 of 14 confirmed GorillaPicks in the GorillaTrades portfolio now hold unrealized gains, including five with double-digit gains. Only Costco (COST, -5.7%) holds an unrealized loss. On the other hand, Crocs (CROX) and Monarch Casino & Resorts (MCRI) hold 24% and 28% unrealized gains, respectively, while Atmos Energy (ATO) leads the portfolio with a 42% gain. In addition, 11 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 continues to be overbought according to the most reliable breadth momentum indicators, but the Nasdaq, the S&P 500, and the Russell 2000 are still neutral. |
| Index | G/L | Current Level |
| Dow | +148 | 51,713 |
| Nasdaq | -360 | 26,158 |
| S&P | -29 | 7,471 |
| Russell 2000 | +25 | 3,004 |
| Year-to-date | 50-day MA | 200-day MA |
| +7.6% | 50,010 | 48,185 |
| +12.5% | 25,619 | 23,552 |
| +9.1% | 7,329 | 6,908 |
| +21.0% | 2,839 | 2,601 |
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Advancing issues outnumbered decliners by a 6-to-5 ratio on the NYSE today, with 90 stocks hitting new 52-week highs and 65 stocks hitting fresh 52-week lows, while volume was relatively moderate. ·Vice President Vance announced that the U.S. issued a 60-day license for Iranian oil sales in exchange for the opening of the Strait of Hormuz and the admission of nuclear inspectors to the Persian State ·The Russell 2000 hit a new record high, topping the 3K level for the first time, as small-caps showed relative strength throughout the day ·Treasury yields and the dollar pushed higher as rate-hike odds increased, with the Dollar Index (DXY, +0.2%) closing at an over one-year high ·Crude oil finished at its lowest level in almost four months, both in North America and Europe, easing fears of a sustained rebound in inflation The main sectors diverged substantially throughout today's session, although stocks finished near their intraday lows across the board. The real estate, energy, healthcare, and utilities sectors performed best, adding roughly 1%, while financials were not far behind. Tech and consumer staples finished the day flat. However, materials, industrials, and the tech-heavy consumer discretionaries sector lost considerable ground, with the weakest communication services sector dropping by over 3%. Traders said that markets saw a flurry of activity following the long weekend. As one trader explained, “Financial markets experienced heavy trading across the globe following last week’s central bank bonanza and the weekend’s mixed geopolitical developments, which could be hinting at another active week in the wake of last week's mixed sessions.” |
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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 +/- | 52,300 +/- |
| Nasdaq | 15,500 +/- | 27,100 +/- |
| S&P | 4,800 +/- | 7,650 +/- |
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"The simplest things are often the truest.." -Richard Bach |
| Q. Dear Gorilla, one of the most pervasive axioms in trading is to trade with the trend. “The trend is your friend" is a well-known idiom. But if the market continues to swing with volatility, and a defined trend is absent, how will this action affect the current long portfolio? Will you offer additional advice, or will the stops be the only protection against losses? Thanks! Read the Answer |
A Note From The Gorilla...
Are you an extremely aggressive subscriber looking for a simple options strategy that even the most advanced trader can appreciate? It is a strategy that is meant to be used with current GorillaPicks that have confirmed and are holding unrealized gains. Click HERE
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