US TOP-Stocks: Watchlist Update Nov2
General Stock Market Update
Stock Market Fades Ahead Of Fed Decision
On the eve of a Fed decision and perhaps new guidance on interest rates, the stock market was cautious on Tuesday as expected.
The indexes closed lower after erasing early gains. The Nasdaq composite, which jumped 1.5% at the open, closed 0.9% lower. The S&P 500 fell 0.4% and the Dow Jones Industrial Average shed less than 0.3%. The Dow closed right at its 200-day moving average.
Small caps outperformed, as the Russell 2000 climbed 0.2% despite paring gains.
Volume fell on the Nasdaq and appeared to be lower on the NYSE. That suggests institutional investors moderated their selling. And, even with the Nasdaq's bad day, advancing stocks topped decliners by 9-7.
Stock Market Uptrend Holding Up So Far
From a broader perspective, the stock market has done little to damage its current uptrend. Confirmed with the Oct. 21 follow-through, the major indexes have kept distribution limited.
Leaders Outperform Stock Market
There was good action among leading issues and several names on our watchlist, despite the stock market's drop.
Wednesday afternoon's announcement on interest rates and Fed Chair Jerome Powell's press conference will have the stock market's full attention. The indexes have bounced in recent weeks on hopes that, after this week's expected 75-basis-point hike, the Fed will tone down its tightening strategy.
Watchlist Update
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology. Hereis the link to the updated watchlist:
tradingview.com/watchlists/75013711/
Stock Market Fades Ahead Of Fed Decision
On the eve of a Fed decision and perhaps new guidance on interest rates, the stock market was cautious on Tuesday as expected.
The indexes closed lower after erasing early gains. The Nasdaq composite, which jumped 1.5% at the open, closed 0.9% lower. The S&P 500 fell 0.4% and the Dow Jones Industrial Average shed less than 0.3%. The Dow closed right at its 200-day moving average.
Small caps outperformed, as the Russell 2000 climbed 0.2% despite paring gains.
Volume fell on the Nasdaq and appeared to be lower on the NYSE. That suggests institutional investors moderated their selling. And, even with the Nasdaq's bad day, advancing stocks topped decliners by 9-7.
Stock Market Uptrend Holding Up So Far
From a broader perspective, the stock market has done little to damage its current uptrend. Confirmed with the Oct. 21 follow-through, the major indexes have kept distribution limited.
Leaders Outperform Stock Market
There was good action among leading issues and several names on our watchlist, despite the stock market's drop.
Wednesday afternoon's announcement on interest rates and Fed Chair Jerome Powell's press conference will have the stock market's full attention. The indexes have bounced in recent weeks on hopes that, after this week's expected 75-basis-point hike, the Fed will tone down its tightening strategy.
Watchlist Update
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology. Hereis the link to the updated watchlist:
tradingview.com/watchlists/75013711/
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini
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