A very small list tonight for the watchlist, as there was a lot of weakness in stocks today. Closing near the low of the day in the major large cap indexes.
For the watchlist from Thursdays scans - BJ, FATE, KMDA
Another big gap up at the open day that then spent the rest of the day grinding sideways and lower. The Nasdaq 100 even went negative by the close. There was a lot of rotation with small caps leading in all the sectors that have been underperforming, while the leading sectors such as gold miners and growth stocks took a beating.
So if the market can hold at these levels, then the rotation into the laggards will be a good thing, as it will give the leading stocks a chance to form new bases and the laggards a chance to catch up.
But we'll see what the rest of the week brings.
For the watchlist from Tuesdays scans - ARGX, BLDP, BWXT, BX, CMI, IMVT, ITW, MAXR, OSPN, PCTY, V, ZBRA, ZG
A wild day in the market with multiple stocks running stop losses before reversing into the end of the day. So a potential shakeout day. But it will need confirmation of a higher close than todays high in those stocks that were hit in tomorrows trading, or the recent weakness in them could resume.
For the watchlist from Wednesdays scans - AIMC, AMAT, AVTR, DG, DGX, EVER, NIO, YETI
