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A very large list tonight with numerous cup and handle patterns forming and continuation breakout attempts. Volume was light, but in terms of setups forming, it was a very strong day imo.

Another day of rotation into some of the more unloved sectors with Industrials, Materials, and Consumer Discretionary have strong moves, while many of the leading stocks pulled back strongly to test their short term MAs. So a healthy sign in terms of market breadth, but not so nice if you focus on leading stocks. As can be hard to sit through the correction.

For the watchlist from the weekend watchlist - AKAM, BOX, BIG, CTLT, GNRC, NBIX, NEM, QDEL, SNX, TREX

For the watchlist from Thursdays scans - ACN, BRP, CGNX, CTLT, ETFC, FTCH, GDOT, LLY, LSCC, MAS, MKC, MS, RAD, WING, WST

For the watchlist from Wednesdays scans - GAN, MAXR, WST, ZI

I saw a lot of nervousness on the twitter feed today, with people talking about pullbacks. But from my perspective we've just had one, as we saw a -6.7% pullback in the Nasdaq over the last few weeks and then made a new high today. So until the breakouts start failing again the short term trend remains up, and today saw seven big name stocks including four of the FAANG stocks attempting to breakout again, although they all closed fairly weakly.

Another strong list today with multiple stocks at or near to actionable levels. A few standouts from tonights list are FTNT*, BOX, GDDY, MSFT

This weekends scans produced a fairly big list, with a few near actionable points. The bulk of the weekends watchlist picks look to be in the health care and biotechnology sectors though.

For the watchlist from Thursdays scans - ABM, AYX, EDIT, HEAR, MTCH, NBIX, NDAQ, PAYC, PCTY, PZZA, SEDG, TMUS

For the watchlist from Wednesdays scans - AJG, ATVI, DADA, NFLX, NVDA, SNE, SPOT