Market Analysis for Jul 20th, 2021


Rotations rotations...

Mentioned ROL, VRSK, DOCU, ILMN, SE, REGN, VRSN previously. Doing well on their daily +weekly breakout formation

New candidates: ADSK + CTAS looks ready to ripe another +10-15%. Line in sand should be this week's low.

Manage risk accordingly, lots of earnings coming up.

ILMN JULY20_D
ILMN JULY20_D
ADSK JULY20_D
ADSK JULY20_D
VRSK JULY20_D
VRSK JULY20_D
DOCU JULY20_D
DOCU JULY20_D
REGN JULY20_D
REGN JULY20_D
CTAS JULY20_D
CTAS JULY20_D
SE JULY20_D
SE JULY20_D
ROL JULY20_D
ROL JULY20_D
VRSN JULY20_D
VRSN JULY20_D
Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.