WiseTraders Weekly Watchlist: September 02, 2024 - September 06, 2024
By most metrics this market is poised for further upside, but there have been few clean breakout so far.
The setups are there, so post Labor Day would be a good time for the market to reveal its hand, and hopefully push upwards.
Here are four stocks to keep on your radar this week:
FDX (bullish): Consolidating above its 50-day Key Level with a healthy blue OVI and a whiff of bullish Shrinking Retracements, arguably the three most important Big Money Footprints.
MOS (bullish): Now consolidating above its 50-day Key Level with a blue OVI and visible evidence of bullish Shrinking Retracements, we've been watching this for several weeks now.
VST (bullish): Consolidating above its 50-day Key Level with a healthy blue OVI and a high correlation score with its OVI.
WDAY (bullish): A post earnings gap-up and consolidation above its 200-day Key Level, a healthy blue OVI, recent bullish volume acceleration and a visible hint of bullish Shrinking Retracements.
Remember, we only trade confirmed breakouts and always manage our trades with the E.D.G.E trade plan. This watchlist does not constitute financial advice or trade recommendations.
Disclaimer: Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market and options trading, including the loss of your investment. Past performance in the market is not indicative of future results. This is neither a solicitation nor an offer to buy/sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this training, video or website. All trades, patterns, charts, systems, etc, discussed in this training, video or website and the product materials are for illustrative purposes only not to be construed as specific advisory recommendations. Any investment is at your own risk.