Longer-term Holdings

Our longer-term holdings don't look all that bearish despite the market correction. Overall we are positioned in tremendous growth names, within rising trends (many just emerging). The correction has allowed many to cool off after big moves in 2017. This pause is normal and welcome as it will eventually allow us to trail stops higher.

Lets take a look at our Longer-term positions

REGI

VEEV

ILMN

ALRM

SBUX

AMZN

QLYS

FTNT

PANW

VNOM

TWTR

CRCM

PRMW

SQ

JWN

I definitely have a "type" when it comes to our stock picks. Almost every single one of these stocks is acting in an uptrending manner. The pullbacks have been orderly and still within the bounds of normal trend reversion. In fact I believe these are incredibly bullish setups that can be added to soon if the market cooperates.

Even our worst position currently, JWN is still not quite dead yet. JWN is trying to hold support and this higher low.

Zooming out these charts gives a lot of perspective that is lost in the daily hullabaloo of news, politics, social media, and algo-generated volatility. But if you take a step back, I feel it is a clearer picture for separating those that hold up better and are on a stronger platform to launch the next move from, rather than trying to stab at laggards or hold positions that are simply not acting well.

The key next will be to see if prices can rotate back higher and resume the prior uptrends. So far I am treating these digestions as Bull Flag patterns within the bigger picture.

If you are interested in what we do at zentrendstrading.com, feel free to come check us out.