FLS Setups Review: Stocks Climb Ahead for a Fourth Straight Week

Hi, I’m Andy! I’m a freelance writer and restaurant manager, and I have also been following ChartYourTrade.com since the day it launched. This post is a review of the performance of the 10 Elite Stock Setups that Adam sent to his Advanced Stock Reports subscribers on Saturday, January 12, 2019. Each setup comes complete with annotated charts highlighting the advanced entry point and support level(s), as well as all of the necessary fundamental information.

One of the reasons that I struggled to find success in the market was that I always tried to take on more than I could reasonably handle. I used to commit myself to researching dozens and dozens of stocks and tracking their daily movements, but I would always burn out after a few months and fail to keep up the pace that I set for myself.

It wasn’t until I found Adam’s weekend newsletter that I was able to see the power of a strategy that leaves room for life to get in the way. And life definitely got in the way for me this week, as I didn’t have time to check on the market even once during the week.

Thanks to Adam’s insight and my calm Saturday mornings, I am able to get myself completely caught up and refocused over the weekend. And with seven of the ten stocks from last weekend’s newsletter breaking through their entry points, I can see that the market is starting to command some more attention.

The General Market

In order to properly evaluate what each of our ten elite stock setups did this week, we need to look at them with the context of the general market fresh in our minds.

After a slow start on Monday, the market came to life on Tuesday as it crossed above its 50-day moving average line. It then continued higher throughout the rest of the week, finishing well above the 50-day moving average but still below its declining 200-day moving average.

We have seen a very strong move up from the low that was put in during the week of Christmas, but the market still has some work to do in order to convince us that the bear market is officially over. Regardless of where we are heading, a pullback is certainly in order to give this market a chance to catch its breath.

Juniper Networks – Triggered

With its 50-day moving average holding above its 200-day moving average, JNPR was already in a better position than most stocks coming into the week. After struggling on Monday, the stock retook that 50-day line on Tuesday. It then found support there on Wednesday and Thursday before moving higher on Friday.

That Friday move was strong enough to push the stock above Adam’s entry point, but it was not able to hold above that number. It did hold above its 50-day line though, and JNPR looks to be a very strong stock moving forward.

Citrix Systems, Inc. – Did Not Trigger

We have seen a ton of stocks lately that are demonstrating strength without quite getting to the entry points that Adam identifies for them. CTXS was one of those stocks this week.

The stock gave up its 50-day and 200-day moving averages on Monday, but it was able to quickly recover and shoot back above those lines on Tuesday. It then continued higher on Thursday and Friday and closed near the top of its range for the week.

Walt Disney Co. – Did Not Trigger

DIS started out the week with a down day, just like we saw from most of our elite stock setups this week. However, this stock was unable to respond with a bounce-back day on Tuesday. It actually lost most ground that day, and then stumbled again on Wednesday.

Rally attempts on Thursday and Friday were not successful enough for DIS to close above its 50-day moving average line, which was a major disappointment considering how strong the stock had looked coming into the week.

McDonalds Corp. – Triggered

MCD started off the week just like DIS with three straight down days that saw it falling below its 50-day moving average line. But the big difference is that this stock was able to post strong recovery days on Thursday and Friday where it retook that 50-day moving average and closed right at Adam’s entry point.

American Tower Corp. – Triggered

AMT was having none of the negativity of the general market on Monday. It was one of the few stocks that bucked the trend and posted a positive day. Then, building on that strength, it continued to move higher throughout the rest of the week.

During its run of five straight positive days this week, AMT was able to pull its 50-day moving average higher while breaking through Adam’s entry point on Tuesday and then continuing higher from there.

PayPal Holdings, Inc. – Triggered

There are stocks that trigger Adam’s entry points with dominant strength like we saw from AMT, and then there are stocks that struggle with those key numbers. PYPL was one of the latter stocks this week as it bounced above and below Adam’s entry point.

After starting the week with a bit of a slump to match the general market, PYPL jumped higher on Tuesday and triggered Adam’s entry point. It then fell back below that entry point on Wednesday and stayed there on Thursday before attempting to retake the entry point line on Friday and ultimately closing just short of it.

Shopify, Inc. – Triggered

SHOP was yet another stock that stumbled out of the gate on Monday and then posted a big up day on Tuesday. After bouncing off of its 200-day moving average during Monday’s trading, SHOP was able to break through Adam’s entry point during Tuesday’s move.

The stock showed even more strength later in the week as it climbed again on Wednesday, paused briefly on Thursday, and then moved even higher on Friday.

T-Mobile US, Inc. – Did Not Trigger

With four straight losing sessions to start the week, TMUS was one of the weakest stocks on our list this week. After fighting to hold its 50-day moving average through the early part of the week, it fell below that line during Thursday’s trading.

The stock was able to recover with a positive day that took it back above its 50-day moving average on Friday, but it still closed in the bottom half of that day’s range.

Xilinx, Inc. – Triggered

The leading stocks that make it onto Adam’s FLS Newsletter each week tend to move a bit more dramatically than the general market, but XLNX was not one of those this week. It recorded five days of tight trading that saw the stock push higher through his entry point by the end of the week.

After moving lower with the overall market on Monday, the stock moved higher on Tuesday and briefly broke through Adam’s entry point. It then fell back a bit on Wednesday before recovering and moving higher again on Thursday and Friday.

Nike Inc. – Triggered

I would never trade based on my personal shopping preferences, but I was very excited to see that NKE was going to be on our list of Elite Stock Setups heading into the week where their newest shoes would be hitting the court in the NBA.

The market obviously likes those new laceless sneakers as much as I do, because the stock posted huge gains on Tuesday, Thursday, and Friday that took it well above Adam’s entry point. It also looks like we could be seeing the stock’s 50-day line cross above its 200-day line if NKE continues to show strength in the coming weeks.

This was another strong week for the general market, and the Elite Stock Setups that Adam identified for us showed a tremendous amount of strength. If you would like to see which stocks made the list for us to track in the coming week, make sure you subscribe to his Find Leading Stocks newsletter where he maps out his entire playbook for making money in the market.

This Market is Starting to Build Momentum

Hi, I’m Andy! I’m a freelance writer and restaurant manager, and I have also been following ChartYourTrade.com since the day it launched. This post is a review of the performance of the 10 Elite Stock Setups that Adam sent to his Advanced Stock Reports subscribers on Saturday, January 5, 2019. Each setup comes complete with annotated charts highlighting the advanced entry point and support level(s), as well as all of the necessary fundamental information.

Despite the fact that the government has been closed for business on account of a dispute over a wall, the market has been open and active so far in 2019. Like a bulldozer excavating the ground where a foundation will be laid, we could be seeing the signs of uptrend starting to form. 

We saw five of our elite stock setups shoot up through Adam’s entry points this week, and the fact that this number is increasing is a sign that the market is picking up steam as we make our way into the new year.

The General Market

In order to properly evaluate what each of our ten elite stock setups did this week, we need to look at them with the context of the general market fresh in our minds.

After closing last Friday with a dramatic day to the upside, the market continued higher with more positive returns in each of the first four days this week.

And despite posting a small loss on Friday, this was a very positive week for the market that left it in a position to reclaim its 50-day moving average if it is able to continue higher next week.

Crocs, Inc. – Triggered

After closing last week with a positive day that wasn’t quite as positive as the general market, CROX started off this week on the right food by shooting up through Adam’s entry point on Monday. And while it was not able to hold the entry point on Monday, it continued higher and closed above that level on Tuesday.

After moving even higher on Wednesday, the stock pulled back just a bit on Thursday and Friday. It is still sitting above the entry point and its 50-day moving average is pulling away from its 200-day moving average.

Yum! Brands Inc. – Did Not Trigger

YUM was one of the closest stocks to the entry point Adam identified for us last weekend, but after starting out the week with three consecutive down days it was unable to get itself past that entry point.

The stock came close to breaking through the entry point on Thursday, but then things turned south on Friday and it closed the week below both Adam’s entry point and its 50-day moving average.

Merck & Co., Inc. – Did Not Trigger

While the overall trend of the market was positive this week, MRK was moving in the opposite direction that started out with a negative start to the week on Monday.

After a slight rebound on Tuesday, down days on Wednesday and Thursday took the stock down below its 50-day moving average, and it was unable to recover that line during a slight rebound on Friday. It currently sits below Adam’s entry point and its 50-day moving average, but is still well above its 200-day moving average.

Eli Lilly & Co. – Triggered

We talked last week about how LLY bounced off of its 50-day moving average on Friday, and despite opening the week down near its 50-day moving average, the stock moved higher on Monday before breaking up through Adam’s entry point on Tuesday.

That entry point was the story of the week for LLY, which climbed a bit higher on Wednesday before closing just below the entry point after giving back some ground on Thursday. Then a slight bounce on Friday brought the stock back above Adam’s entry point to close the week.

Foot Locker, Inc. – Triggered

I have a completely hopeless addiction to buying Air Jordans, and I buy all of them through the Foot Locker app on my phone, so I am always going to be rooting for FL to move higher.

Rooting for FL was a lot of fun on Monday as it shot up through Adam’s entry point. But after moving even higher on Tuesday, it gave back a significant portion of those gains on Wednesday and Thursday. But then it found more strength on Friday and closed the week up above the entry point.

Chegg, Inc. – Triggered

Another stock that is off to a very strong start to the year is CHGG, which kicked off the week by rocketing up through Adam’s entry point on Monday. It then continued higher on Tuesday, Wednesday, and Thursday before giving back just a small portion of those gains on Friday.

In addition to moving up through Adam’s entry point this week, CHGG also saw its 50-day moving average finally start to move above its 200-day moving average after spending the past few weeks moving in sync together.

Barnes & Noble, Inc. – Did Not Trigger

BKS was the roller coaster ride out of our elite stock setups this week. After starting out the week with a sour note on Monday, Tuesday’s positive action took the stock right up to Adam’s entry point.

Things got a little rocky on Wednesday as CHGG gave back some of its gains from the week. Then things got wild on Thursday as the stock gapped down and closed below its 50-day moving average. It attempted to rebound on Friday’s open but ended up closing down near the lows of the week.

21st Century Fox Inc. – Did Not Trigger

FOX was another stock that closed out last week on a positive note and was looking to build on that strength coming into this week. And after opening the week back below its 50-day moving average on Monday, buyers showed up and carried the stock back higher.

More buyers came in throughout the rest of the week, and FOX logged four straight positive days before giving a small portion of those gains back on Friday. It wasn’t able to get up near Adam’s entry point, but the stock is definitely looking strong heading into next week.

Procter & Gamble Co. – Did Not Trigger

Not only did PG fail to challenge Adam’s entry point, it actually lost its 50-day moving average twice during the week. After opening higher on Monday, it fell below the 50-day line but was able to recover and close back above it.

However, losing the 50-day line again on Wednesday was a blow that PG was not able to recover from. The stock did post positive days on Thursday and Friday, but it is still sitting just below that critical line.

Wayfair Inc. – Triggered

W opened the week by moving up quickly through Adam’s entry point and it’s 50-day moving average. The stock posted four straight positive days before pulling back to that 50-day line on Friday.

Moving forward, it will be interesting to see if this week’s strength will be enough to propel W higher. If that is the case, it would be a very positive sign for the stock to get both its price and its 50-day moving average back above its 200-day moving average.

With half of our elite stock setups triggering Adam’s entry points, this was a very positive week for the market. If that strength continues into next week, I suspect that we will be looking to start taking some positions on the long side.

If you would like to know exactly which positions Adam is taking in his model portfolio, I highly suggest subscribing to his Find Leading Stocks Newsletter where he maps out his playbook for making money in the market.

What Will 2019 Hold for Leading Stocks?

Hi, I’m Andy! I’m a freelance writer and restaurant manager, and I have also been following ChartYourTrade.com since the day it launched. This post is a review of the performance of the 10 Elite Stock Setups that Adam sent to his Advanced Stock Reports subscribers on Saturday, December 29, 2018. Each setup comes complete with annotated charts highlighting the advanced entry point and support level(s), as well as all of the necessary fundamental information.

Despite missing New Year’s Day on Tuesday, there was still plenty of action happening both early and late this week. We saw two of our stock setups rocket up through Adam’s entry points to close out 2018, and then we saw two more work their way above buy points at the end of the first week of 2019.

In addition to the four stocks that triggered their buy points this week, there were also quite a few that held up better than the overall market at different points throughout the week. Let’s jump in and see how each of our 10 elite stock setups did this week.

The General Market

In order to properly evaluate what each of our ten elite stock setups did this week, we need to look at them with the context of the general market fresh in our minds.

After closing out the year with a pretty calm day on Monday, the market opened 2019 lower on Wednesday before buyers showed up to push prices higher. However, the exact opposite happened on Thursday when the market opened lower again and those buyers failed to come in as they did on Wednesday.

Friday was an entirely different story as the market opened higher and then climbed throughout the day to close right near the high of the week.

This puts the market well off of the lows we saw before the Christmas holiday, but it still has some serious work to do if it wants to get back above the 50-day and 200-day moving averages.

CIENA Corp. – Triggered

CIEN was able to post a strong day on Monday to close out the year. Then, after following the market a bit higher on Wednesday and then lower on Thursday, the stock shot off like a rocket on Friday and made it all the way up to close right at Adam’s entry point.

It currently sits well above its rising 50-day and 200-day moving averages and looks to be one of the strongest stocks in a market that is finally beginning to show some signs of life.

Workday, Inc. – Triggered

WDAY was another stock that triggered Adam’s entry point this week, and it did so in pretty much the same way that we saw from CIEN. The stock was able to follow the market higher on Wednesday, pulled back with the market on Thursday, and then took off higher closing up above the entry point on Friday.

In addition to breaking through and closing above Adam’s entry point, WDAY is also seeing its 50-day moving average start to pull away from its 200-day line, which is always a sign of strength in a market that might be starting to recover.

Wayfair Inc. – Did Not Trigger

Things weren’t great for all of our stock setups this week, and W was one of the two on our list that went against the general market and posted a loss on the last trading day of 2018. The stock was able to flow with the general market during the first few trading days of 2019, but the losses on Thursday were significantly larger than the gains on Wednesday or Friday.

W never even got close to challenging Adam’s entry point this week, and it’s 50-day moving average is continuing to pull down from its 200-day moving average.

Eli Lilly & Co. – Triggered

If you were following along with Adam’s stock setups throughout the week, you were excited to see that LLY managed to trigger its entry point as the year came to a close on Monday.

However, 2019 has not been great for the stock thus far. It opened the year below its entry point, then continued lower on Thursday and was unable to recover on Friday.

Looking forward to next week, LLY is still above both of its significant moving average lines, and it is right within striking distance of breaking through Adam’s entry point once again.

Merck & Co., Inc. – Did Not Trigger

MRK was another stock that finished 2018 strong on Monday as it closed the year right below Adam’s entry point. But just like we saw from LLY, the stock started off 2019 with two straight losses that saw it drop below its 50-day moving average on Thursday.

A big positive day on Friday brought MRK back above its 50-day line. The stock was able to recover all of its losses from Wednesday and Thursday, and it is sitting right below Adam’s entry point heading into the first full week of 2019.

Church & Dwight Co, Inc. – Did Not Trigger

Over the past few weeks, we’ve seen a lot of stocks that were able to demonstrate strength despite the fact that they didn’t break through Adam’s entry point. CHD was one of those stocks this week.

After closing out the year on a positive note Monday, the stock fell below its 50-day moving average on Wednesday and failed to recover on Thursday. However, it still held up better than the general market on Thursday and was then able to close back above its 50-day line after a positive move on Friday.

CME Group Inc. – Did Not Trigger

CME had a very similar week to what we saw from CHD. After finishing last year on a positive note, the stock opened 2019 with a down day. Then it lost its 50-day moving average with a big drop on Thursday. It rebounded on Friday to close just above that critical 50-day moving average.

This certainly wasn’t a good week for CME, but just like we saw with CHD, it is sitting above rising 50-day and 200-day moving averages and isn’t too far from that entry point line.

Omega Healthcare Invs, Inc. – Did Not Trigger

OHI was one of the closest stocks to the entry point that Adam identified for it coming into the week. But after a down day on Monday, it gapped down below its 50-day moving average on Wednesday.

The stock was able to recover most of those losses on Thursday and Friday, but OHI is still sitting just below its 50-day moving average, as well as Adam’s entry point.

VMware Inc. – Triggered

VMW was the wildest stock on our list by a mile this week. After shooting up through Adam’s entry point on Monday, it started out the new year with a down day on Wednesday followed by another big loss on Thursday.

The stock was able to recover on Friday and closed well above that entry point right at the high of the week. It now sits well above both significant moving averages, and its 50-day line is starting to separate from its 200-day line.

Finisar Corp. – Did Not Trigger

FNSR started out the week tracking right along with the general market, but after Thursday’s losses took it right down to its 50-day moving average, it was unable to bounce off of that line while the general market was heading higher on Friday.

In a perfect world, we would obviously like to see more than four of our elite stock setups get above Adam’s entry points in a given week. But we don’t live in a perfect world, and the market has been rough across the board for the past few months, so the signs of strength that we did see this week are definitely worth noting moving forward.

Make sure you subscribe to Adam’s Find Leading Stocks newsletter to get this weekend’s updated list of stock setups, as well as his FLS Playbook that breaks down what our model portfolio is going to be doing in the week ahead.

FLS Setups Review: Ending 2018 With a Bang

Hi, I’m Andy! I’m a freelance writer and restaurant manager, and I have also been following ChartYourTrade.com since the day it launched. This post is a review of the performance of the 10 Elite Stock Setups that Adam sent to his Advanced Stock Reports subscribers on Friday, December 21, 2018. Each setup comes complete with annotated charts highlighting the advanced entry point and support level(s), as well as all of the necessary fundamental information.

The holiday-shortened week started out ugly for the market, but buyers were the ones who showed up during the last three trading days of the year.

Unfortunately, it is going to take more than three good days for leading growth stocks to recover from the carnage that we have seen on Wall Street over the past few months.

So with that in mind, let’s dive into this week’s FLS Setups Review.

The General Market

In order to properly evaluate what each of our ten elite stock setups did this week, we need to look at them with the context of the general market fresh in our minds.

The market started out the week the same way it finished last week with a down day on Monday, but then things turned around when we came back after the Christmas holiday.

Wednesday, Thursday, and Friday were all positive days for the general market, and we closed out the year on a more positive note compared to what we have seen over the previous few weeks.

Hershey Foods Corp. – Did Not Trigger

HSH was not able to trigger Adam’s entry point this week, but it did manage to recover quite a bit of ground after starting out the week by digging a hole for itself.

Following up that big down day on Monday, the stock was able to rebound with positive days for the rest of the week and briefly peaked its head up above its 50-day moving average on Friday before closing just short of that line.

Church & Dwight Co, Inc. – Did Not Trigger

CHD was not about to make its way up to Adam’s entry point, but after following the general market down on Monday, it rebounded quickly and jumped above its 50-day moving average on Wednesday.

The stock then continued higher on Thursday and Friday as it continued to gain ground on its moving average lines heading up towards Adam’s entry point.

Dell Technologies Inc. – Did Not Trigger

Not only did DVMT not trigger Adam’s entry point, I actually did a double take looking at its chart because it looked like it didn’t trade at all this week.

On a second look, it turns out the DVMT did trade this week, it just did so well below both its 50-day and 200-day moving averages. After dropping like a rock on Monday morning, the stock pretty much just sat there for the rest of the week.

An even deeper dive shows that DVMT stopped trading as part of a Class V transaction designed to simplify the structure of the corporation.

CME Group Inc. – Did Not Trigger

After closing below its 50-day moving average last week and then opening even lower to start this week, it was hard to imagine a world where CME would be able to challenge Adam’s entry point during the holiday-shortened trading week.

However, the stock was able to recover nicely with a big up day on Wednesday. Then it took off even higher on Thursday, jumping back above its 50-day moving average. Things got even better on Friday as CME showed more strength.

Ameren Corp. – Did Not Trigger

Despite a lot of red bars last week, AEE was able to hold its 50-day line and looked like it might have a chance to bounce off of that line up towards Adam’s entry point this week. Unfortunately, that did not happen.

The stock sliced through its 50-day line on Monday. It did manage to recover on Wednesday and Thursday, but it fell back against the tide of the general market on Friday.

American Tower Corp. – Did Not Trigger

We have spent a lot of time highlighting stocks that didn’t trigger Adam’s entry point but still showed strength in recent weeks, and AMT was one of those stocks this week.

After falling below its 50-day moving average on Monday, the stock recovered and almost regained its 50-day line on Wednesday. Then it tried again and succeeded on Thursday before finding support there during Friday’s trading session.

Welltower Inc. – Did Not Trigger

WELL acted an awful lot like AMT in that it held up well despite not getting up to Adam’s entry point this week. Just like AMT, WELL lost its 50-day moving average on Monday only to reclaim it and then find support there later in the week.

Barrick Gold Corp. – Did Not Trigger

Speaking of finding support at the 50-day moving average, ABX was another stock that didn’t challenge Adam’s entry point, but it wasn’t all that far away from it either.

The stock bucked the trend of the general market by posting an up day on Monday, and then things held up strong on Wednesday and Thursday before selling came in on Friday. However, ABX was able to find support at its 50-day line, which is always a sign of strength in this type of market environment.

These last few days were definitely a positive in the market, but we also have quite a bit of work to do in order to recover from the damage that we witnessed throughout the month of December. I don’t know about you, but I can’t wait to see what happens heading into 2019.

Make sure you subscribe to Adam’s Finding Leading Stocks newsletter to get this weekend’s updated list of stock setups, as well as his FLS Playbook that breaks down what our model portfolio is going to be doing in the week ahead.

FLS Setups Review: The Bear Has Officially Arrived

Hi, I’m Andy! I’m a freelance writer and restaurant manager, and I have also been following ChartYourTrade.com since the day it launched. This post is a review of the performance of the 10 Elite Stock Setups that Adam sent to his Advanced Stock Reports subscribers on Friday, December 14, 2018. Each setup comes complete with annotated charts highlighting the advanced entry point and support level(s), as well as all of the necessary fundamental information.

It was another absolutely brutal week on Wall Street. Just about everything was down, including all ten of Adam’s elite stock setups. But if you are modeling your trading after his model portfolio like I am, then you were 100% in cash a few weeks ago and haven’t had any exposure to this treacherous market.

Despite the fact that the market is getting slammed right now, and the fact that it’s a holiday weekend, we still need to be on the ball in building our watchlists so that we know what leading stocks to target when things eventually turn around.

So with that in mind, let’s dive into this week’s FLS Setups Review.

The General Market

In order to properly evaluate what each of our ten elite stock setups did this week, we need to look at them with the context of the general market fresh in our minds. And that context was not very good this week.

Outside of a slightly positive day on Tuesday, everything was red for the bulk of the week. And those down days got worse as the week progressed with Friday seeing the market break into new low ground.

With that type of selling action, we aren’t expecting any of Adam’s elite stock setups to be making much progress this week. But anything that was able to hold up or minimize losses could be something to put on a watchlist for when the market inevitably starts chugging higher again.

McDonalds Corp. – Did Not Trigger

MCD looked like one of our best bets for triggering Adam’s entry point coming into the week, but it posted losses on each of the first three trading days bringing it right back down to its 50-day moving average.

Rather than bounce back up off of that 50-day line on Thursday, it sliced down through it and posted a fifth straight negative day. However, things got a little bit better on Friday as MCD was able to hold up with a slight gain despite the negative market environment.

Dell Technologies Inc. – Did Not Trigger

Despite starting right below Adam’s entry point, DVMT failed to make it into positive territory this week. The stock pretty much mirrored the general market with Tuesday being a slight up day surrounded by red bars.

In a market that doesn’t have much to hang its hat on, the fact that DVMT is still holding above its 50-day moving average should be considered a major sign of strength that deserves taking notice moving forward.

Express Scripts, Inc. – Did Not Trigger

ESRX was not able to get above Adam’s entry point, but it did manage to hold it’s 50-day moving average during the first two days of the trading week.

Things turned south on Wednesday as it lost the 50-day line. Then it struggled to retake that key line before falling back below it again on Thursday and then falling even more on Friday.

21st Century Fox Inc. – Did Not Trigger

FOXA was not able to challenge Adam’s entry point this week. It actually wasn’t able to challenge much of anything as it posted five straight down days with some wild daily ranges coming into the picture later in the week.

This has been one of the strongest stocks in the market for the past few months, but after falling below its 50-day moving average on Friday, it will have to start posting some positive action if it is going to remain a leader, even in a difficult market.

CME Group Inc. – Did Not Trigger

CME was another stock that didn’t trigger Adam’s entry point but still put up a fight against the general market pulling it down throughout the week.

The stock got off to a rocky start with a down day on Monday followed by another down day that gave up its 50-day moving average on Tuesday. But CME fought back on Wednesday and was able to close back above that 50-day line.

Unfortunately, things took a turn for the worse with down days on Thursday and Friday leaving it below that key line to close the week.

Hormel Foods Corp. – Did Not Trigger

If it is possible for a stock to crash through its 50-day moving average on a Monday and never even come close to Adam’s entry point but still look strong, that is the story that HRL tried to tell this week.

Monday was brutal, but the stock was able to post a small gain on Tuesday and relatively small losses on each of the remaining trading days this week. That left it sitting just below the 50-day line and still well above the 200-day line.

American Tower Corp. – Did Not Trigger

After falling in dramatic fashion on Monday, AMT was another stock that never came close to Adam’s entry point this week.

The stock did manage to post positive days on Tuesday and Wednesday, but it fell again on Thursday before crashing all the way back to its 50-day moving average on Friday.

On a positive note, AMT was able to hold right at its 50-day line, which we have already seen is an impressive feat given the overall market conditions.

Clorox Co. – Did Not Trigger

CLX was another stock that stumbled out of the gate with a massive down day on Monday and never made it back to where it started the week, much less trigger Adam’s entry point.

But after posting three more down days in the middle of the week, the stock was able to make up some ground on Friday. It wasn’t able to hold above its 50-day moving average though and closed the week back below it.

Coca Cola Co. – Did Not Trigger

KO also failed to challenge Adam’s entry point this week. It actually started out the week with four straight losses that saw the stock give up its 50-day moving average on Thursday.

After an attempt to retake that 50-day line on Friday, it fell again and closed back below it, but still in positive territory for the day.

Wayfair Inc. – Did Not Trigger

W was one of the ugliest stocks on our list this week. Not only did it fail to challenge Adam’s entry point, it actually posted losses on each of the five trading days this week, bringing its current streak to seven straight down days. 

The stock currently sits well below both its 50-day and 200-day moving averages. And as Gary Kaltbaum often says, nothing good can happen for a stock that is living below its 200-day line.

It’s hard to identify relative strength in a market that is getting slaughtered almost every single day. None of our elite stock setups were able to break out this week, but some held up better than the general market. Those will likely be the ones to watch for when the market inevitably turns around.

Make sure you subscribe to Adam’s Finding Leading Stocks newsletter to get this weekend’s updated list of stock setups, as well as his FLS Playbook that breaks down what our model portfolio is going to be doing in the week ahead.

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