With market breaking down from range, it is time to look at both long and short setups. At the beginning of swing moves of 8 to 40% there is range expansion. This is structural phenomenon in market. Stocks with momentum tend to move in direction of range expansion in short term.
Everyday we run 3 bullish and 3 bearish scans to look for setups. Not every candidate that shows up in scan is a buy or short sell , but stocks that meet a checklist of criteria are good candidates.
The list below shows some good setups on long and short side and also include ETF.
Long swing trade candidate
- TZA
- PALL
- AGQ
- PBR
- BALT
Short swing trade candidate
- STX
- SNDK
- WDC
- AGN
- MPC
The list will be published daily.
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