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The stock market's health is neutral right now. It is not bad, but it is not great either. I’m willing to take long trades in the stocks discussed below if they form valid trade setups and trigger, but I’m not being aggressive. Unless it is a great pattern, I’m thinking of saving my cash for now.

I’m primarily focused on contraction patterns. This is what I’m scanning for and what the watchlist below is based on. Due to the recent pullback in the stock indices, there may also be some trend channel trades out there. I ran a scan and found one. You can read the full market health report here, which discusses why I’m willing to buy.

US Swing Trading Stock Watchlist

These are stocks I’m watching because they have the potential to trigger trades based on the contraction/triangle pattern strategy. This strategy and others are covered more in-depth in the Complete Method Stock Swing Trading Course, including how to scan and find trades.

172 stocks met the scan criteria. I have manually narrowed the list down to those below.

• Suncor Energy (SU).
• Enerplus Corporation (ERF).
• Vermilion Energy (VET).

Contractions from Last Week

• Enviva Inc (EVA) – This is not a big runner
• RPC Inc. (RES) – This one needs to consolidate, it looks choppy.
• Xenon Pharmaceutiucals (XENE) – It has been consolidating just above contraction.
• Gold Fields Limited (GFI) – It appears angled down, it needs to move up and consolidate.
• Weatherford International (WFRD).
• Peabody Energy (BTU) – This one has seen a pretty small second drop.
• New Gold Inc. (NGD).
• Harmony Gold Mining (HMY) – This one looks angled down. It needs to move up and consolidate.
• MRC Global (MRC) – This needs to move up and consolidate. It appears to be in more of a range than a contraction.
• Teck Resources Limited (TECK) – This one needs to move up and consolidate.
• Adecoagro S.A. (AGRO) – It need to consolidate.
• Continental Resources (CLR) – It appears to have angled up.
• Patterson-UTI Energy (PTEN).
• KBR, Inc. (KBR).
• Golden Entertainment (GDEN) – This one needs to move back up and consolidate.
• Star Bulk Carriers Corp. (SBLK) – It needs to move back up and consolidate.
• PennantPark Investment (PNNT) – This one is not a big runner.

Trend Channel Stocks

• Envista Holdings Corporation (NVST).

Canadian Swing Trading Stock Watchlist

There are 84 stocks on the list. I have narrowed it down to those mentioned below.

• Freehold Royalties Ltd. (FRHLF).
• Athabasca Oil Corporation (ATHOF)
• Cardinal Energy Ltd. (CRLFF) – This one needs to move up and consolidate.

From Last Week

• PHX Energy Services (PHXHF).
• Altius Minerals Corp. (ATUSF) – This needs to consolidate.
• InPlay Oll Corp. (IPOOF) – This one broke out last week.
• Capstone Copper (CSFFF) – This needs to move up and consolidate.
• Arizona Metals Corp. (AZMCF) – This one has to move up.