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The stock market's health has improved. That means I have the green light to buy stocks that are forming quality trade setups. I’m primarily focused on contraction patterns right now. This is what I am scanning for and what the watchlist below is based on.

You can read the full market health report here, which discusses why I am 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.

222 stocks met the scan criteria. I manually narrowed the amount to the few included below.

Added This Week

• KBR, Inc. (KBR) – Its contraction was shorter than a month, but it still needs to consolidate anyway. It is in more of a sideways range than a contraction.
• O'Reilly Automotive (ORLY) – It has angled up in pattern since mid-February.
• PennantPark Investment (PNNT) - It is not a big runner following its breakouts (2021 onward).
• Tenet Healthcare Corp. (THC) – It has been squeezed tight. It is not typically a big runner.
• Cabot Corporation (CBT) – It has squeezed and angled down.
• Star Bulk Carriers (SBLK) - No comment.

From Last Week

• Golden Entertainment (GDEN) - No comment.
• Evoqua Water Technologies (AQUA) – It has only half of a cup-and-handle pattern.
• Concentrix Corporation (CNXC) – It has to move back up.

Canadian Swing Trading Stock Watchlist

101 stocks made this list. I narrowed it down to those few included below.

Added This Week

• InPlay Oil Corp. (IPOOF) – This one is in more of range, and there is some strong movement.
• Ensign Energy Services (ESVIF) – Same as above (I’m looking at the small pattern in March, not the big pattern going back to last summer). This is not a great pattern, but the strong momentum is intriguing.
• Eloro Resources (ELRRF) – It's been just under a month so far, but it has a nice and tight pattern.
• Arizona Metals Corp. (AZMCF) – It looks to have angled up.
• Capstone Mining Corp. (CSFFF) – It is getting close to one month of contracting. The contraction is just above a nine-month range it recently broke out of.

From Last Week

• Frontier Lithium (LITOF) and Hemisphere Energy (HMENF) from the prior list broke out this past week.