Signs of distribution on many leading sectors are all over. A narrow set of stock holding well. Risk is currently elevated. However this market has resisted selling number of times.
MASI NSP CPE HIFR BONA XENT OLN OXM GOGO MVNR HAS GTN SWHC JMEI BLDR NFLX
Are some of the stocks today on my watchlist.
What to look for in good anticipation setup
series of narrow range days in pullback/consolidation
orderly pullback with no 4% b/d during the pullback or consolidation
low volume pullback
low volatility during pullback
linear first leg if looking as continuation setup
Stock should go up smoothly and not in volatile manner
3 to 10 days consolidation/pullback
not up 3 days in a row
SWHC, NFLX are looking very good. They both had a gap up earnings breakout few days ago on high volume. Since then they have pulled back on low volume with series of narrow range days.
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