During Monday's "Mad Money" program Jim Cramer recommended Yeti Holdings, Inc. (YETI) for when you need supplies to go outside. We looked at the charts of YETI on July 17 and wrote that "Will there be a lot of staycations this summer and families needing new coolers and such? Who knows? But the charts of YETI are poised for further gains with a $50 target. New longs should risk below $32."
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The sour mood suddenly lifted, and stocks enjoyed some very robust action, but that's no reason to let your guard down.
Here's our updated analysis and trading strategy.