They are bullish and show relative strength to US stock markets. I monitor especially ETFs like ECH, EWM and IF for possible entry in my technical strategies. These ETFs are also in accordance with my Global Macro ideas.
RBCN made nice breakout. I am now waiting for pullback to the 30 +/- level to enter new long trade there.
I mentioned SRCL few days ago. It managed nice breakout above 60 level. If you missed entry or prefer to wait if breakout will hold, then wait for possible pullback back to 60 level.
I am not too bullish on markets right now. But some stock are worth of watching. SRCL is strong stock now. Watch possible pullback or breakout above 60 USD resistance area.
I have noticed that WCN stock chart is very bullish. I put this stock pick into watch list for possible long trade in my technical strategies.
I bought CPN based on setup in my trading newsletter during fear and panic last week. And CPN is really strong. It moved up. I think that CPN has more upside potential.
I like strong action of CPN and have prepared trade setup to buy this stock. Details are available for subscribers of my ETF & stock newsletter.
Here is chart describing this idea.
I am monitoring MMM stock for stock trade in my technical strategies. I like last breakout and will look for entry near support level 84 – 85. Now I wait.
Investors lost its appetite to buy pharmaceutical companies. PPH – Pharmaceutilas ETF indicates such situation. It looks like any rally in PPH is shortable. I will monitor it in my ETF Trading to prepare some setup. But we are in strong bullish stock market trend and therefore I will set up only half size trade for this idea.
I have noticed that ADBE does not want to go higher. It is headed down. Good stock pick for shorting rallies.
