Virtual Reality is Great But Let's Remember the Real Thing

NVIDIA is gapping up once again this morning as upgrades continue to pour in. Beyond that, the stock is now on the tip of everyone's tongue, what with its virtual reality technology coupled with a ferocious if not steep long-term uptrend. Given how popular the name has become, I took the opportunity off the opening bell to lock in some profits with my NVDA long inside Market Chess Subscription Services.

To be sure, I may revisit NVDA on the long side soon. But at this point I am fine with taking into a Monday morning opening gap higher off an upgrade amid the hoopla now surrounding the name.

Moreover, while virtual reality is fine and dandy as the new flavor of the month, let us not forget true reality where people enjoy eating out. 

Indeed, the restaurant stocks have largely been pulverized in recent quarters. But they flashed signs of waking up late-last week, a promising sign indeed for bulls awaiting even a modest relief rally. 

With this in mind, we are playing and stalking quite a few names to bounce.

However, let us also keep an eye out, as always, for relative outperfomers to peers. And when we do, Wingstop comes to mind. 

WING is a low float, heavily-shorted chicken wing franchise with some good growth prospects ahead. On the daily timeframe below, not only did WING sidestep the sector bloodbath, but it actually broke well-defined resistance upside in recent sessions. I want to see more volume come in today, which it should. But this would have to be one of the better charts in the entire industry, sporting  rising 200-day moving average well under spot price.