Monday Evening Thread

FAST was an IBD 50 stock not that long ago. We know that often former leaders tend to lead on the way down. FAST finished today at a critical juncture, sitting right on the 50 day average. It is hard to see on this chart, but the 3 red days out of the last 4 have been on high volume. It received a downgrade on Tuesday, April 3 which kicked off the selling. I saw no news today. FAST reports earnings Thursday morning before the open so I see no reason to buy at the present time. It might be one to add to your "potential short" list .... or if earnings are good ....

Monday Noon Thread

EBAY was at high of day even in this noon swoon. Textbook bounce off the 50 day moving average. Remember that somewhere around 40% of earnings come from Paypal - making this almost a financial like V and MA. Another chunk comes from Stubhub - the on-line ticket broker which they own. So while it is labeled as a catalog retailer here - we know better.

Monday Morning Thread

Gator's Chart of the Day: TSCO

The lousy employment number reported Friday has whacked the futures but as I write this (Sunday night) we are seeing markets around the globe stabilizing.  We should see a gap down open but I am looking for opportunities to buy on a bounce.

TSCO has been stair stepping higher all year and we will see if it can hold the most recent move.  If it does I think it's still a buy.   Farmers got great prices for last year's crop and Tractor Supply is where they spend a lot of cash.  Retail has been surprisingly strong and I think TSCO will continue higher into earnings. 

I have no position bu I'll be looking for a pullback and then buy the bounce.