[isatrader]

Market is set for a red open again. So if yesterday was a local Selling Climax (SC) then we've got the 1st 2 points of a potential Phase A of a base structure defined with yesterdays high as the Automatic Rally (AR) point - which defines the range. Watching for red to green moves

   

If you don't know what I'm referring to. Then I recommend reading the summary of Wyckoff Phases A to E on the stockcharts article via this link: https://school.stockcharts.com/doku.php?...schematics

   

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Intraday charts - dip buyers making the first attempt

   

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@JannesariSam highlighting $CF which was last highlighted in the watchlist on 3rd November.

Stage 2A breakout attempt in the intraday 2 hour timeframe

This is still quite early in the base structure as it's in Phase B and still under resistance, so watch for signs of an Upthrust developing if volume is lower than average. As a breakout attempt into Stage 2 should have more than 2x the average volume on the breakout.

   

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$SLB from the watchlist showing good RS versus the market following earnings last Friday

   

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$HAL from the watchlist also showing excellent RS and at new highs today

   

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$CDEV from the watchlist holding up well today with a red to green move, and sitting just under the pivot level

   

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$AXP from the watchlist with Reversal Significant Bar today following earnings before the open today.

   

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$MDRX last highlighted in the watchlist on the 14th December making a gap up Stage 2 breakout attempt today with potential significant bar

   

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$HOPE is a new one for the watchlist in the banking group with a Stage 2 continuation attempt to new highs

   

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$CF breakout attempt squatted at the prior resistance, so looking like an upthrust within the developing range so far with a double top.

   

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$SPPP Sprott Physical Platinum and Palladium Trust showing good near term RS and potentially moving back into early Stage 1 on the weekly timeframe

   

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$SG from yesterdays watchlist with a good test today and attempting to follow through in early Phase D of the Stage 1 base structure

   

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$BROS last highlighted on the 10th January. Has since put in potential Spring / Terminal Shakeout and moved back strongly into the Stage 1 base structure. And so potentially into early Phase D.

   

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$BROS also showing as a spring on the daily chart. Testing the 50 day MA currently.

   

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$OXY another energy stock attempting a new Stage 2 breakout

   

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$MSFT with earnings after the bell, so could be a big driver of the market direction tomorrow ahead of the Fed and $TSLA, and then $AAPL on Thursday AMC

   

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$CF closed near to the highs of the day. So did make the early Stage 2 breakout attempt. But it still didn't have much conviction. So could need to consolidate more still.