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My rolling 5-day watchlist is my best barometer for the health of the market in the short-term. It tells me if stocks are moving, how they are moving, and also hints at different themes that might be in play; particular sectors, highly shorted stocks, whether there is good follow through or not, etc..Based on the way I look at charts and what I consider buyable set-ups, the stocks that have made my list over the last 5-days have had poor performance.With that being said, below is my watchlist for today; I have an interest in these stocks if and only [...]

Here are the top 20 industries based on 65-day momentum. There are a ton of reasons why you should track the top 20 industries, the most important one; a large part of a stock's move is due to the performance of the industry.If you make a watchlist with all the names within these industries you will come up with roughly 826 names if you overlay a simple filter to narrow down the list like; no more than 4% above or below its 20-day moving average you will narrow the list to 51. Now you have a workable list for today.Frank [...]

Same tune, just another day. The market has certainly forgotten what a down day is, we continue to grind higher making it difficult to buy aggressively. We all know that a down day is coming, everyone expects it, but I'm sure when it comes they'll be shocked.As I go through my scans, I've noticed that many small biotech stocks are holding up well, a lot better than the sentiment surrounding the sector. Stocks like XON, AMAG, ZIOP, have been trading sideways for a few months and are just emerging from their possible first stage bases. Biotechs like AERI, CLCD, have been [...]

Big day yesterday, things were quiet and then at 1:00 pm the fireworks went off. The most interesting thing about yesterday was the fact that the SP500 (up huge), BONDS, GOLD, and Volatility were all up. A rare event. At certain times, breadth becomes so hot in the short term that it actually becomes a negative, we are there now. And to reiterate what I've been saying over the last couple of days; the longer your timeframe, the more irrelevant breadth, and sentiment measures are. Aggressively putting on new trades is a little tough.When SP500 gains 1% or more and VIX [...]

The market continues to march higher disregarding many breadth measures and sentiment measures that at times have put a short-term halt to previous rallies. Breadth and sentiment measures like everything else, matter certain times and certain times they don't. However, these measures make it a little harder to press on the gas in the short-term. What I do know is; that the longer your timeframe, the more irrelevant these measures are.With that being said, below is my watchlist. I have an interest in these stocks/ETF's if and only if they go through yesterday's high. I will be keeping a very close [...]

Lions Gate Entertainment engages in motion picture production and distribution, television programming and syndication, home entertainment, branded channel platforms, interactive ventures and games, and location-based entertainment in Canada, the United States, and Internationally.Lions Gate the stock has been trading sideways for 10-months after a prolonged decline in which sellers were in complete control. Over the last 10-months, the buyers and sellers have seemed to found equilibrium and the buyers are taking control as you can see in the chart below.I have always been a big fan of long bases because typically a prolonged period of contraction leads to an extended [...]

Tale of two markets, financials, and the energy names were the standouts yesterday while everything else took a beating.  The Semiconductors wiped out their entire post-election rally in 2-days. I can't say this enough; DON'T CHASE, this ain't the 90's. The biotech sector has retraced their post-election ramp as well. Chances of seeing a retracement in the financials are high.My best short-term barometer for swing trades is my rolling 5-day watchlist and that has been dead. A majority of the stocks are not even triggering (going through the previous day high).Below are the stocks on my watchlist today, I have an [...]

My rolling 5-day watchlist which is my best short-term market barometer for swing trading has been weak.Oil and oil stocks were the talk of the town yesterday, and there's seem to be some follow through this morning.We have a lot of stocks extended in the short-term, and they need a little rest to set-up properly. How extended you might be asking, take a look at this chart;Nasdaq vs. stocks up 25% or more in the last month.Like every indicator, sometimes it works sometimes it doesn't.Below is my watchlist for the day, I have an interest in these stocks/ETF's if and [...]

The big news of the day so far is OPEC agreeing to cut 1.2m barrels per day. Crude enjoyed most of its gains before the news hit.Individual stock momentum has waned a little bit, and my best short-term market barometer for the market is my 5-day rolling watchlist, and that has been weak. That can obviously change in a heart beat and just tells you that it ain't always sunshine and rainbows.Below are the stocks on my watchlist that I have an interest in getting long if and only if they go through yesterday's high.A majority of stocks move in [...]

Oil stocks are under pressure this morning, there's a big OPEC meeting tomorrow that will probably dictate the short-term movement of oil stocks.Market continues to be extended by many measures, that at times means something other times it doesn't. The longer your time frame the more irrelevant these short-term measures are.  One interesting breadth measure that confirms that we are extended is Pradeep Bonde (Stockbee) breadth measure of how many stocks are up +50% or more in the last month.  That number is now at 35, typically above 20 signifies a hot market and this when momentum starts to wane.With the [...]