Weekly market review from UTEX – week 28

The market is back – so are we with our weekly reviews. This week the long-awaited and traders' favorite summer earnings season starts. Traditionally, the hottest periods will be the last 5-7 trading sessions of July and the same in early August. But it's already time to return to the market and increase activity.

Top 5 stocks of this week

Helen of Troy (HELE). The company had a great report and opened with a big gap up on Monday. The chart shows the $128-$132 range being bought out. Let's be patient and wait for consolidation above the upper boundary. Further the road to $140+.

Cintas (CTAS). The stock near all-time highs during the reporting season should be watched closely. We are likely to see price acceleration and a move above $530. The stock is expensive – good thing fractional lots are available on UTEX.

Fastenal (FAST). Also waiting for an all time high. Plus according to statistics the stock moves well intraday. A must for trading!

Financial Select Sector Fund (XLF). Friday the market will be influenced by bank reports. What happened in the quarter after Silicon Valley collapsed? How are the big banks adjusting to current rates? This is interesting. You can trade selectively – JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC) – or a handy financial ETF.

Baidu (BIDU). The company is looking good. Janet Yellen's recent visit to China adds to the positivity. Looks like the trade war is more for the media, while in reality people are trying to negotiate and make money. Waiting for $150+.

Profitable trades everyone!