S&P 500 Consolidates Above 50 Day MA Ahead of FOMC and the US Stocks Watchlist – 1 November 2022
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There were 26 stocks highlighted from the US stocks watchlist scans today
ANET, ATI, PI, STNG + 22 more...
Group Themes: Marine Transportation, Steel, Specialty Chemicals, Electrical Components, Semiconductors, Software, Telecom Equipment
Marine Transportation stocks featured heavily in todays scans with STNG leading the group and pushing to strongly to new highs with a further Stage 2 continuation breakout attempt on earnings results, which had a knock on effect in the other stocks in the groups. Many of which are also testing the highs. However, most have earnings coming up in the coming days. So caution until they've reported.
Steel stocks are also of interest this week, as some are in potential positions to breakout, but have earnings as early as tomorrow (Wednesday) before the open. So again caution until they reported.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.