It was a strong day for small caps and beaten down stocks again today as the sector rotation continued to play out. But with the rotation, leading sectors were getting hit hard, and a lot of people were raising cash on my twitter feed as the majority of people I follow trade growth stocks in leading sectors.
For the watchlist from Thursdays scans - ABBV, BLDP, EQX, ETFC, KGC, LASR, PLUG
There was another big list of stocks to go through after Fridays strong day across the whole US market. However, I made some further tweaks to my scans to filter out all stocks with a negative EPS, which basically halved the results. But I still had over 400 charts to go through manually and whittled it down to the list below.
You'll notice this weekend a number of big name stocks in the watchlist (AMZN, FB, GOOG, INTC, MA, MSFT, V) which is interesting as each are making constructive patterns and are near to, or have already broken out of those patterns. So it is a positive breadth signal imo, as these widely held stocks by institutions and funds.
For the watchlist from the weekend scans - ACMR, ALGN, AMCR, AMKR, AMZN, APPS, DVA, DXCM, FB, GNRC, GOOG, GPN, GRMN, GSB, INTC, ISRG, JBHT, KSU, LVGO, MA, MSFT, NOW, SPOT, TEAM, TGT, TREX, UNH, UNP, V, WCN, ZYXI
A big list today, with a lot of potentials for continuation breakouts and numerous rebounds of gold mining stocks from support to back above their 50 day MA area.
