NYSE - SwingTrading: updated Watchlist
Bear market surrenders ground; Is this just another bear market rally or is something really bullish going on here?
There's really only one way to answer it earnestly. Let the market and the stocks in your own portfolio decide.
Since the latest follow-through day took hold with a Day 5 rally in higher turnover on June 24, the major averages enjoyed one of their best rallies yesterday. The Nasdaq composite rolled 3.1% higher and lifted above its fast-declining 50-day moving average for the first time in roughly four months. Small caps performed even better with the Russell 2000 (IWM) ETF rising 3.5% on Tuesday in slightly higher volume vs. Monday. IWM also retook its 50-day line in a bullish style not seen since perhaps the middle of March.
All great sign that we either have a big bear market rally or even the start of a new bull market.
Swing-Traders should have started to test the market with pilot buys a few days ago and by now be invested by 30-50%. Let the stocks in your own portfolio tell you what to do next. Apply progressive exposure - increase your expoure only on the back of gains in your own portfolio.
Here is the link to our updated watchlist:
www.tradingview.com/...watchlists/75013711/
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.
There's really only one way to answer it earnestly. Let the market and the stocks in your own portfolio decide.
Since the latest follow-through day took hold with a Day 5 rally in higher turnover on June 24, the major averages enjoyed one of their best rallies yesterday. The Nasdaq composite rolled 3.1% higher and lifted above its fast-declining 50-day moving average for the first time in roughly four months. Small caps performed even better with the Russell 2000 (IWM) ETF rising 3.5% on Tuesday in slightly higher volume vs. Monday. IWM also retook its 50-day line in a bullish style not seen since perhaps the middle of March.
All great sign that we either have a big bear market rally or even the start of a new bull market.
Swing-Traders should have started to test the market with pilot buys a few days ago and by now be invested by 30-50%. Let the stocks in your own portfolio tell you what to do next. Apply progressive exposure - increase your expoure only on the back of gains in your own portfolio.
Here is the link to our updated watchlist:
www.tradingview.com/...watchlists/75013711/
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.
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini
