Sideways market | stockbee


Sideways market

The overall market has not gone anywhere since 2nd January. All the gains happened in 2 days. For last 10 trading days it has been a slow churn.

But if you forget the overall market and focus on setups, you would see lot of breakouts are happening and also there is good follow through on right kind of setups.

In the universe of 1298 stocks with momentum there are at least 30 good setups pre breakouts. The top 20% stock by momentum show promising action as of now.

Large stocks have had some trouble and AAPL is prime example of that. In the 262  stocks with highest 90 day cash flow the big winners in last one month are F, CELG, STX, RIG, DELL, WDC, GM, GS, and HPQ.

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