Paddling Upstream

The market continues to push higher, with select long ideas working rather well even if others are fairly lethargic. I scaled more of my CORT long into strength inside Market Chess Subscription Services from a $6.73 entry last week, and have other ideas on the radar for potentially similar moves. 

Meanwhile, AMBA is showing that momentum can cut both ways, as the stock sliced own through its 20-day moving average this morning. GPRO likely needs to see buyers swoop in here to defend $55 in order to prevent recent progress by bulls from becoming eroded. 

FB is impressively gapping up here, looking to leave $82 in the dust, but is also now overbought and tough to chase. 

We do, however, have a list of sectors benefitting from rotation today which I will cover in my usual midday video for members.