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US Breakout Stocks Watchlist - 16 June 2020

Another one of those days where the market was gapped up on the open, sold off, recovered a bit, but ultimately closed below the open. The CNBC headline this evening was "Dow jumps more than 500 points as Wall Street cheers record retail sales comeback", whereas my alternative headline based on the price action would have been "Market makers gap the Dow above the 200 day MA on the open, but it fails to hold it".

Anyway I digress. Here's the stocks for the watchlist from Tuesdays scans - BABA, LLY, NOW, TER

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