Inside Day on the Nasdaq Composite and the US Stocks Watchlist – 16 May 2022

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There wasn't much in the way of follow through today except in the stronger RS areas of the market, with progress in all of the top ten groups, which is still dominated by the Energy groups. But in the broader market indexes such as the Nasdaq Composite (see above) there was mix of inside days and small stalling dojo candles. As the market consolidated Fridays strong move, but failed to make any further progress. So a potential sign of weakness still with the market only managing a two day rally before stalling. 

US Stocks Watchlist – 16 May 2022

There were 14 stocks for the US stocks watchlist today.

TDW, TNK, PHYS, AFRM + 10 more...

Market Breadth: Bullish Percent Index

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.