US Stocks Watchlist - 10 January 2022
There were 34 stocks for the US stocks watchlist today. Here's a small sample from the list:
APP, BROS, SIMO, ZIM, + 30 more...
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Major Indexes attempting to rebound
A flush at the open and bounce today in many areas of the market as the S&P 500 tested trendline support. Nasdaq Composite tested the 200 day MA and Russell 2000 tested lows of the recent range.
Potential Day 1 of a swing low, but all major indexes still below 5 day MA so far.
The next few days will give crucial information on the strength of the market. Last Wednesday's significant bars are the key near term hurdle if we get a rally attempt. But if it can't rally and Nasdaq Composite falls below the 200 day MA then things could get ugly fast. So stay nimble.
The Nasdaq 100 made its first major breakdown from the 1+ year old trendline on the log scale. So a change of behaviour for it, although it closed strongly on the day. So signs of Stage 3 behaviour.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.