Joy of the Trade Investor’s Edge Watchlist Stocks: Thursday, August 5

by | Aug 5, 2021 | Uncategorized

Today’s watchlist comes after reviewing all the recent news in the global stock market.

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Remember, these are just ideas I’m sharing. You should only enter these trades if you’re comfortable managing the positions on your own. 

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Eli Lilly And Co. (NYSE: LLY)

Defensive stocks, like pharmacies, are ripping yet again. This move is getting nice and stretched, as we can see with Eli Lilly And Co. — up 4% again today on decreasing volume. This market is basically broken underneath the hood — with different ramps and sector rotations — and I expect the money to rotate out of pharmacy stocks in the coming days.

LLY Chart

WRITTEN BY<br>Jeff Zananiri

WRITTEN BY
Jeff Zananiri

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