July 14 Level Watching and Trending Stock Scan Update

Jul 14, 2014: 1:00 PM CST

What should we be watching in today’s market breakout?

Let’s start with our “Sector Breadth” Chart and follow-up with our intraday scan list of trending stocks:

Perhaps not surprisingly, intraday Sector Breadth paints a very bullish picture at the moment.

Our worst performing sector is the defensive Utilities space and the three strongest sectors include Energy, Industrials, and Financials.

This type of Sector Graph is what you want to see if bullish; offensive sectors are strong while defensive sectors are weak.

Now, let’s shift our attention to bullish-trending stocks for potential buy-trades the rest of the day:

MasterCard (MA), Perrigo Co (PRGO), Pitney Bowes (PBI), and Visa (V).

For those who love to fight trends – or are anticipating an intraday reversal – focus on bearish candidates:

Public Services Ent (PEG), Michael Kors (KORS), NexEra Energy (NEE), and The Hershey Co (HSY).

Join me for a Live Webinar Wednesday:

Also, I’m excited to be teaching an educational webinar as part of the eTrading Expo series this Wednesday (July 16th) at 3:00pm EST entitled “Rounded Reversals: Five Steps to Spotting and Trading Gentle Reversals” which will help you increase your ability to plan market events (and trading strategies) like this. You may use the following link to register for the Rounded Reversal free live presentation.

Afraid to Trade Premium Content and Membership

Follow along with members of the Daily Commentary and Idealized Trades summaries for real-time updates and additional trade planning.

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

Comments Off on July 14 Level Watching and Trending Stock Scan Update

Comments are closed.