Good evening StockBandits!
The bulls were unable to produce upside follow through today on the heels of yesterday’s hot start, but they were able to put together the next-best alternative by not giving up any ground. The major indexes finished little-changed, ultimately marking a day of well-deserved rest. Tests of the downside were shallow and unable to stick, indicating an absence of sellers at the moment. Things can of course turn at any time, but for the time being, the trend is still up.
Once again tonight I saw many stocks which are in good overall health, but few of the tight setups I really prefer to play heading into tomorrow. I’m taking the conservative approach and a limited list as a result, but would expect more setups to come along soon.
Please leave your comments and/or questions below if you have any, I always enjoy the interaction.
Here is tonight’s video:
The Bandit Broadcast Video – Click to Watch!
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Video Stocks Discussed: PCL, HANS, ROK, ESI
Swing Trading Candidates:
NONE TONIGHT
Bullish Watch:
MYGN, KSU, WIT, NUAN, PCL, HANS, PLD, SEED, INFA, DECK, LUV, ADS, ROK
Bearish Watch:
ESI, PBR
The Hit List will be coming out soon with discussion on open positions and swing trade stops and targets, so be sure to watch for it.
