There’s not much to say about the market here (SP500), it’s been trading sideways since December 12, 2016. The Nasdaq 100 and the Nasdaq composite have been leading while the Russell 2000 has been marking time.
Biotechs are showing signs of life, oil stocks can’t catch a bid, and shippers are trending.
For a couple of weeks many were talking about volatility rising and ways to play it, and now we are seeing the opposite.
$GOGL $CELG $PI $LPG $CRNT are a few of the stocks on my watchlist that I will be keeping a close eye on today.
Here is the rest of the list;
We have an interest in these stocks if and only if they can get through yesterday’s high plus .10-cents, that is typically where out buy stops will be. This single criterion will narrow down your list to a handful of names unless of course, the market is super strong. You can also narrow down the list by float, price, sector, preference, etc.
These ideas are what we consider swing trades that can last anywhere from 1-10 days. Most stocks if not all go through momentum burst that lasts 1-10 days that momentum burst is what we look to take advantage of.