This week’s stock watchlist contains 39 top stocks, the same quantity as last week. Select from this list of best stocks when bullish stock signals are generated and displayed on this site.
What are the possibilities of a bounce from this level after the Fed-induced dumping of equities?
The Federal Reserve all but guaranteed a 50 basis point interest rate increase in May that caused increased selling on Thursday and Friday of last week.
Two big down days late in the week increased the strength of the current downtrend with prices now generally slightly above support levels.
The question is will this support level hold or is there more downward price pressure likely to develop?
This video will explain the key levels and price action in order to identify a strengthening market.
In the meantime, prudent traders should consider stepping aside until the next up move is identified.
Aggressive traders should consider playing the market to the downside.
Also in this video is a short overview of historical interest rates and a discussion on interest rate inversions and their connection to recessionary periods.
Watch this video to be aware of evidence to indicate which price direction is more likely in the future.
However, no matter what the market is doing it is important to stay in touch with the leading stocks for profitable swing trading opportunities.
Every week the updated and published stock watchlist contains stocks screened for strict fundamental and technical screening filters including:
- Superb Fundamentals
- Exceptional Earnings
- Increasing Earnings Projections
- Bullish Chart Patterns
- Sales Growth Above 10%/year
- Market Capitalization Above $1B
- Average Daily Trading Volume Above 250,000 Shares
These criteria find the best opportunities in investable stocks combined with superior resistance to broader market declines.
Click here to view fresh stock signals from this stock watchlist and stock signals from the broader market.
File downloads are available here:
- Open an Excel Spreadsheet of this week’s Top Stocks
- Download a PDF file of this week’s Top Stocks
Before entering new positions it helps to know about market action. You can view weekly market timing videos here: https://profitableswingtrading.com
Here is a preview of the top 20 or so stocks, view the entire list from the above links:
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