RE: US Stocks - Watchlist and Discussion
For the watchlist tonight. I had double the amount of stocks that I normally have to go through from my volume scans tonight, so a positive bit of breadth there. Most were stocks already on the watchlist, but energy stocks continue to dominate every day in the volume scans as they have for the last few months. So if you are using the Forest to the trees approach, as you should be to trade Stans method effectively Then you should have managed to get into some energy stocks at good entry points recently, as it's been the only sector that's been getting volume across the board with multiple Stage 2 breakouts - so is what Weinsteins method is all about.
However, I'm not saying that now is the right time if you haven't though, as a lot of energy stocks have had huge moves for more than a month or so now. So hence you may need to wait for better entry points to form again if you missed the initial breakouts. Although you may still find some, but be aware of risk as we could start to see sector rotation if the market recovers further as risk tolerance increases.
Anyway, here's tonights stocks for the watchlist - AGB.V, BCOR, BSM, CBU, CDEV, CDLX, EYES, FANG, FRPT, GNK, MAX.TO, PBR, TRIP, TTOO
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.