The stock I’m watching today

Plus a few more things I'm watching
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Hey there,

There's a big update coming later this week:

The monthly jobs numbers are dropping on Friday.

These monthly numbers are more significant than the weekly numbers, and they can have a significant effect on the market.

So I'll be checking closely on those.

But before then, there's one stock I'm watching incredibly closely!

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The stock I'm watching incredibly closely is CHWY.

The internet pet supplies company is one I love to watch and trade based on its earnings report.

1K Club members may remember we closed a 62.11% trade on CHWY in November!

And I love trading off gaps down after earnings: that's how we found a 102.41% winner on TWTR!

Well, CHWY reported earnings after the market closed on Wednesday. And it looks like it might be gapping down once again.

You can see a fairly steady uptrend from about the middle of May until the middle of August, then a downtrend and some consolidation the last few weeks.

Now we're looking at a potential post-earnings gap down.

CHWY immediately becomes a stock to put on your watch list.

If it has a big bullish candle and moves back positive, there's a ton of room for growth, to recent highs at least and possibly beyond that, to the highs it saw in spring.

So I'll be watching CHWY very closely today! Hope you do, too!

Happy trading,

Markay

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