New Watch List Entries
None, no new watch list candidates
Active Watch List Candidates
None. See below.
Dropped Watch List Entries
CY, DIS, EMN, MNST, and PETM have all graduated to our active play list.
K and UNP met our entry requirements on Friday and have been moved to the new play section.
New Watch List Candidates:
I am not adding any new watch list candidates tonight.
The stock market looks short-term overbought here and likely overdue for some profit taking.
Our watch list was incredibly successful this past week with all of our active candidates being triggered. I suggest we take a step back and see how the market performs during the biggest week of Q2 earnings season.
I am providing a list of stocks on my radar screen. Most of these either need to see a pullback or breakout past resistance before we would consider them potential candidates:
GM, JNJ, SBUX, RIG, SNE, BG, XOM, CVX, AMZN, GD, NBL, PRU, WDC, DLPH, ADBE, ROST, AKAM, WSM, ETFC, AMTD, BBRY, ORLY, GRPN, DNKN, NOC, , ATK, TJX, NKE, UA, CSCO, JDSU, CNQR, SJM, HSY, EA, EXPE, ANN, STX, CR, HPQ, DLTR, MRVL, UNH, WLP, CI, BZH,