Get started

Vcppattern

NYSE - SwingTrading: updated WatchlistS tock Market reversed lower after key test, partially fueled by more worries about the economy Apple (AAPL) plans to slow hiring and spending in some divisions next year which concerned traders yesterday. Monday's weak session was another reminder that many sellers and lots of overhead supply is still putting pressure on the markets. What should Swing Traders do now? Sitting in a healthy cash position with limited exposure to individual stocks makes the most sense at this point. When institutional money starts coming in again, that's when you'll see breakouts of stockos on our watchlist really working and following-through. Until then, sitting mainly in cash with only few pilot positions in your portfolio is strongly advised. Continue to do your homework and be ready when the next bull market starts - which will definitiely happen sooner or later. Here is the link to our updated watchlist: www.tradingview.com All stocks on our watchlist fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points. Only the best stocks make it onto our watchlists.
AMEX:DIALong
by JS_TechTrading
$WEAT demonstrating strength with a DTL break and higher low $WEAT is looking really good here, showing classic VCP characteristics with volume dry up prior to a move up. Whilst not a true high tight flag (77% increase in 20d rather than 100%) the correction from the high point of the flag pole (25%) does fit this particular trade set up. Price and volume have been tightening nicely in the flag, with increased volume and price drift since mid-May. In spite of an extremely red day for the wider market, $WEAT managed to make a higher low, resulting in a downward trendline break The wider macroeconomic environment could help this trade immensely; the main wheat producers globally are China, Russia, the Ukraine, the US and the EU and each is likely to produce and/or export less for various reasons: Russia/Ukraine: Account for 30% of global wheat production, the current war is likely to dampen production and exports The EU is experiencing poor growing conditions with droughts and higher than average temperatures There's also the issue of fertilisers, which require natural gas to produce (Russia is also the world's largest producer of fertiliser) and harvesting the crop, which requires oil - both are at all time high prices with no signs of coming down soon
AMEX:WEATLong
by notprofessorgreen