My watch list to follow this week
So far the bulls are actually managing to put together a bounce this week and my watch list of long setups are looking pretty nice. Granted, it is only Monday, and the volume is likely to only be about half of what has been seen on average. So yes, it is a very low volume bounce. More important than the volume though will be tomorrow and whether the bulls can follow through on the bounce today (assuming they don’t meltdown into the close). If there is some follow through tomorrow, then you have a good chance at a 3-5 day bounce in the market.
The number of quality long setups have diminished on my watch list over the past couple of weeks, mainly because so many of the stocks out there have experienced some hard sell-offs from the weakness in March and again in April. However, the market is setting up for a bounce in the second half of the month, and if the setup comes through, it could be a very nice play.
So check out the list of stocks below, find the charting patterns and risk setups that best fit your style of play and get after it.
Here’s my watch list
