RE: US Stocks - Watchlist and Discussion (Premium)
FYI
I have been collecting the latest 250 stocks that were mentioned in this thread as stage 2 attempts or stage 2 continuation attempts. They belong to the following broad economic sectors:
- 27% is technology sector (sectors like semiconductors, telephone, internet, software, computers... overall favored sectors)
- 22.7% is healthcare (sectors like healthcare, biomedics/genetics, drugs... now overall on average/unfavored with exception of healthcare)
- 15% is consumer cyclical (sectors like aerospace, retail, media, business products, Autos and parts, Leisure... overall favored sectors)
- 12.6% is Industrial (sectors like machinery and tools, electronics, transportation, building, protection and safety, overall unfavored sectors)
- 10.5% is financials (sectors like insurance, banks, real estate, finance... overall unfavored).
- 4.5% is consumer non cyclical (sectors like food, certain household goods and retailing... overall favored)
- 2.8% is basic materials (sectors like chemicals, forest products and paper, precious metals, basic materials... overal on average)
- 2 % is telecommunication (sectors like telephone, unfavored)
I wondered if there could be a kind of correlation between the stage 2 (continuation) attempts and the sectors. It looks like the favored broad sectors do bear more stage 2 (continuation) attempts then the others. Any other thougths?
I then ran a query with the following filters
- Optionable
- Price > $10
- Only favored sectors (right now Aerospace, computers, healthcare, household goods, internet, leisure, media, metals non ferrous, oil, oil service, retail, semiconductors, software, textiles, transport non air)
- Reward to risk >3
and 14 stocks showed up: aal,aeo,anw,athm,cco,gogo,iaci,ltrpa,lulu,mbuu,oxm,stj,txtr,wuba.
Looking at those P&F thumbnails, AEO, ANW, CCO, GOGO, STJ, came up with strong price charts and RS charts that are strengthening.
It looks like OXM already broke out.
TXTR had quite a long consolidation phase and could become very interesting once it breaks the $30 level. As I see the price chart and the back and forth action that is narrowing (pendulum swing), I think the breakout (up or down...) is near. I wish I had a glass ball... (?)
WUBA is making a very interesting (continuation) P&F pattern (bearish signal reversal and triple top breakout) while the RS charts is very strong.
Good luck everyone,
Amedee
Pulling the weeds and watering the flowers (since 10/06/2015)...