This week’s stock watchlist contains 35 top stocks, down from last week. Select from this list of best stocks when bullish stock signals are generated and displayed on this site.
A bounce seems pre-ordained in market timing media this week, how far up might a rally move broad market prices?
Last week stock prices plunged Monday as interest rate concerns caused investors to dump stocks.
The middle of the week was spent digesting interest rate increases and the ongoing inflation discussion.
Growth stocks led a broad-based rally Friday as the market appears to be finding a bottom of sorts.
This upcoming trading week has the potential to create a rally off the current oversold levels and a line of support that extends back to Q1 2021.
You can see these levels on the charts shown in the video.
If a rally occurs this week there is overhead resistance approximately 6 or 7% above where a stall out of a rally might occur.
A slight pull-back from overhead resistance might create a higher low as a new base is formed for a more sustainable uptrend.
If a strong bounce closes above this level the next resistance level is another 7 or 8% above.
Because a new uptrend has not yet been established it’s not time to jump back into the market 100% however, some testing with smaller positions seems reasonable.
This video also reviews some leading stocks from strong sectors that might benefit from a rally in the broad market.
Specifically, this video reviews 5 stocks from the 3 currently strongest sectors for swing positions: DMLP (Petroleum) NI, CMS, ED (Utilities), and RELL (Electronics).
Keep an eye on these critical levels to be able to detect when a stronger market has a chance of developing.
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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