Ryan Mallory of SharePlanner.com shares some of the stocks on his current long watch list.
The list is definitely a lot smaller than what we have seen in recent weeks. Much of that has to do with the S&P 500 having rallied 11 of the last 13 trading sessions. When that happens, stocks are going to become over-extended and much less attractive as a long prospect.
Here's the weekly bullish list of trade setups:
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So that which is remaining are those stocks that are currently on the verge of breaking out, or the ones that have just started to breakout, but a pullback under current market conditions, back to their breakout level would make for an ideal entry into the stock.
By Ryan Mallory, Founder, SharePlanner.com
