Stock Market Update and US Stocks Watchlist – 23 August 2022
The full post is available to view by members only. For immediate access:
The major indexes, i.e. the S&P 500, Nasdaq, Russell 2000 etc, all continued to pullback today with a weak failed attempt to regain the 21 day EMA and then poor close near the bottom of the daily candle. So all had a second daily close below the 21 day EMA and the short-term market breadth indicators, such as the S&P 500 percentage of stocks above their 20 day EMA (which can be seen in the top chart), continued lower also and closed at 38.60%.
Fertiliser Stocks
The fertiliser stocks have been appearing in the watchlist again recently as they started to turn back up the right side of potential bases, with some cup type patterns in a few. This was one of the leading sub-groups early in the year and might be coming back into focus again.
US Stocks Watchlist – 23 August 2022
There were 23 stocks for the US stocks watchlist today
PYCR, LAC, SWAV, XOM + 19 more...
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.