More buy setups showing up | stockbee


More buy setups showing up

Few weeks ago market had extremely bullish breadth. That resulted in a bit of selling. The selling lasted only few days and has not had a follow through.

Breadth trends continue to show very gradual improvement with very low level buying pressure. Big moves are not happening as you can see on the Market Monitor.

But as there was no big follow through on selling stocks have started to bounce back. Some of those bounces are weak bounces.

From trading point of view however lot more opportunities have started to show up and many stocks are again now setting up for possible breakouts. If you see the anticipation scans we run , lot more stocks show constructive pre breakout activity.

Earnings season is creating lot of good breakouts and some pre earnings breakout. Today there were at least 10 good setups.

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