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Stock Market Update and US Stocks Watchlist – 23 August 2022

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The major indexes, i.e. the S&P 500, Nasdaq, Russell 2000 etc, all continued to pullback today with a weak failed attempt to regain the 21 day EMA and then poor close near the bottom of the daily candle. So all had a second daily close below the 21 day EMA and the short-term market breadth indicators, such as the S&P 500 percentage of stocks above their 20 day EMA (which can be seen in the top chart), continued lower also and closed at 38.60%.

Fertiliser Stocks

The fertiliser stocks have been appearing in the watchlist again recently as they started to turn back up the right side of potential bases, with some cup type patterns in a few. This was one of the leading sub-groups early in the year and might be coming back into focus again. 

US Stocks Watchlist – 23 August 2022

There were 23 stocks for the US stocks watchlist today

PYCR, LAC, SWAV, XOM + 19 more...

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