Morning Minutes
8-11-26
Good Morning Traders,
Markets have been coiling for the past few days, watch for a big breakout soon.
Most of the risk-on sectors are up just slightly this morning and the defensive sectors are break-even to down slightly. Gold is also down a bit. With that, my bias today is a bit more chop until CPI and PPI data drops.
We do have a bullish pennant forming on the daily ES chart, so ill be watching that for breakout. How to trade it is below but basically just take the breakout or wait for a retest of the breakout.
We have numerous earnings after the bell today which could add to a choppy day as investors wait to see the results of those as well.
Lumentum Holdings (LITE), estimated EPS $2.97
CoreWeave (CRWV), estimated EPS-$1.47
Franco-Nevada (FNV), estimated EPS $1.97
Super Micro Computer (SMCI), estimated EPS $0.96
Quantinuum (QNT), estimated EPS-$0.26
Silicon Laboratories (SLAB), estimated EPS $0.69
CAVA Group (CAVA), estimated EPS $0.18
H&R Block (HRB), estimated EPS $2.21
Firefly Aerospace (FLY), estimated EPS-$0.53
No changes to port yesterday. I have a few names i’ll be watching and potentially starting positions in.
Current positions, if we get a another pop in $MRNA, we’ll look to close out the majority of the position and leave our runners as its almost hit our target. PDD 0.00%↑ runners also looking great. Leaving those open - risk free