[isatrader]

Another brutal day in the growth and momentum stocks which saw the major IBD 50 growth index (FFTY) lose over -5%, while the Nasdaq 100 closed almost -3% below the 50 day moving average.

The weekly chart of the FFTY (below) as is a good example of some of the characteristics to look out for in early Stage 3. For example: Buying Climax, Character change, Heavy volume sell off, Increased volatility, RS weakening, Signs of Distribution etc.

   


Meanwhile, there was some strength today, but it was mostly in the energy stocks, of which there's a few in the watchlist today.

For the watchlist from Wednesdays scans - ATC, BCEI, DEN, EOG, FISV, IMO, PRTA

   


To view all of the charts go to the blog at: US Breakout Stocks Watchlist - 24 March 2021

And to get the daily US stocks watchlist directly to your email inbox each weekday. Sign up for free at https://www.getrevue.co/profile/stageanalysis

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