PPR - Markets rally on potential debt ceiling resolution nearing, triggering a number of pocket pivots
Obama cited progress in talks to hike the U.S. debt ceiling, thus today's sharp rally.
Keep in mind that the markets are highly dependent on this piece of news so volatility could easily come depending on which way the winds blow on the debt ceiling issue before resolution is finally reached, so position size accordingly.
WTW - Stock must clear 916,000 shares to qualify. Risk advantage: WTW pattern trades very tight and clean. Composite rating 90, industry group rank 11th (out of 202 groups).
PII - Stock should close in the top 1/3 of its trading range to qualify given the strength of today's market. Stock is grappling with today's earning announcement which, overall, is favorable. Composite rating 97, industry group rank 6th (out of 202 groups).
HANS - Stock has bucked the market during downtrends. Clean uptrend. Composite rating 98, industry group rank 31st (out of 202 groups).
RVBD - Due to report earnings after the close. Price/volume action is giving clues that report may be favorable, but know that there is greater gap down risk, so position size accordingly. Institutional sponsorship continues to increase. Composite rating 98, industry group rank 81st.
ADS - Due to report before the open on July 21. Composite rating 96, industry group rank 35th.
VMW - Due to report after the close. Today's price/volume pocket pivot is a clue that the report may be favorable, but keep in mind that there is increase risk of gap down due to any disappointment, so position size accordingly. In its favor, VMW did have a prior gap on April 20.
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