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The stock market's health is improving, but a likely bottom has not been confirmed yet. That means I’m buying some stocks (swing trades), but I'm not loading up yet. See the latest Stock Market Health Update for a look at the current market conditions and why I’m cautiously buying right now.

I only trade stocks that are on my swing trading stock watchlist, as shown below. The stock lists below are based on contraction patterns and cup-and-handle patterns. These patterns and others, when to trade (and when not to), and how I scan for trades are all covered in the Complete Method Stock Swing Trading Course.

US and Canadian Swing Trading Stock List

Because the market has sold off so much, I basically just scanned for stocks above their 50-, 120-, and 200-day moving averages. The stock has to be at least 30% above its 52-week low and no more than 40% below its 52-week high. The price must be above $0.5 and the average volume must be above 200 thousand per day. There are no Canadian stocks this week.

US stocks include H&R Block (HRB), United Therapeutics (UTHR), BP Prudhoe Bay Royalty Trust (BPT), Dycom Industries (DY), Enphase Energy (ENPH), Envela Corporation (ELA) (low volume), and Sierra Wireless (SWIR).

Swing Trading Stock Watchlist for July 11 and Beyond

From last week’s list:

• McKesson Corporation (MCK) – This stock tried breaking higher on July 8. I am now looking for some follow-through.
• Funko, Inc (FNKO) – This one has been running higher.
• Acadia Healthcare (ACHC) – This stock broke out higher.
• CTI Biopharma Corp. (CTIC) – This broke out higher.
• Alkermes plc (ALKS) – This stock broke out higher.
• Scorpio Tankers (STNG) – This stock broke lower with no trigger, and I have removed it from my list.
• TORM plc (TRMD) – This stock broke lower with no trigger. This one was also removed from my list.

How breakouts perform lets me know how easy it is to make money, and how much capital I should be deploying. If breakouts are working, I want to be involved and putting capital to work. If most breakouts are failing quickly, or not producing gains, then I know to stay mostly in cash and/or await better conditions.

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