Last week was a mixed bag for our watch-list with half of the six companies getting stopped out and the other half moving up into the money. Overall, the performance of the quick trade set-ups has been softening for a few weeks and we are now starting to see signs of topping in the broad markets. This week I did an extensive market scan and only came up with five new names, which is further indication of broad market weakness. Notably the banking sector and also the entire commodity complex have been looking weak. This is something to keep an eye on moving forward.
July 19th Watch-list:
July 12th Watch-list Updated:
"Buy" charts and suggested stop losses: