This last week was pretty quiet and a lot of our potential trades did not materialize due to market weakness. Friday saw things turn around a little and a few names popped nicely. That being said, I continue to pare mining and energy stocks from the watch-list due to continued weakness in those sectors. I believe that mining stocks have another upside move in them in Q4 but for now, patience is required. In the meantime, I continue to add names from other sectors because we need to trade what is moving rather than what we think will move.
Please review the new charts below. I did not mark them up because I wanted to get the list out before the market opens but in most cases we are waiting for some follow through in order to generate buy signals (except for INE, which already broke upwards).
Have a great week!