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S&P 500 Regains Its 200 Day MA and the US Stocks Watchlist – 2 November 2023

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The S&P 500 moved higher for a fourth day, regaining its 200 day MA and also put in a second Follow Through Day (FTD) in a row, which is a CAN SLIM method term, that is used for identifying a potential short-term change of trend. This was also seen in the other major US indexes.

The S&P 500 short-term percentage of stocks above their 20 day EMA improved to 64.60%, which is a +27.40% improvement over Wednesdays close, and continues on the Bull Confirmed status, which was highlighted in Tuesdays post in the Market Breadth section.

Watchlist Stocks

There were 31 stocks highlighted from the US stocks watchlist scans today

TSLA, SHOP,  DKNG, SQ + 27 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.