I had a very good week last week even though we had some market weakness. $CBMX, $WHX, $CHTP, $TZA, $SWHC were all good trades.
The Russell, Nasdaq, and SP-500 all tested the 20 day SMA and cracked below. Friday we made a little comeback and it will be interesting to see where we go from here. The U.K. had their credit rating downgraded Friday after the close and we have the dreaded Sequestration deadline approaching.
So each weekend I go through all the stocks that I had on my alert watch list and I delete the ones that failed to break out and broke down instead. I also delete the ones that did breakout unless I think they may have more of a run left in them. Then I go through what I call my GOTO LIST which is a list of stocks that I have compiled that I have played in the past or should have played. To be fair this "Goto list" Idea was taught to me by my mentor. I then go through several more scans and try to come up with a list of stocks that I can take action on in the next week.
Here are the charts I have come up with so far. Click on the chart to get a larger view.
This is not my entire watch list however these are some of my favorites.
I plan to be cautious next week and continue with just taking day trades and limiting my swings until I feel comfortable we have some clarity on where the market is headed.
No comments:
Post a Comment