Defensive stocks are doing well

Markets have corrected to level from which enduring bottoms can form. So keeping an open mind for that . However breadth trends as of yet do not show signs of that.

In this market environment defensive stocks are doing well. Some of the good anticipation setups showing up in our scan are utilities.

Anticipation Watchlist

UGI

KORS

AVA

GXP

AOSL

VVC

CMS

PPL

WTR

SCG

ECHO

SAIA

What makes a good anticipation setup?

series of narrow range days in pullback/consolidation
orderly pullback with no 4% plus breakdown 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

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