14 Long Setus with Stop-Losses
This long setup watch-list is looking more and more prudent by the day as the bulls are determined to push this market higher in the short-term.
Remember, you're not going to like every trade setup or see a trade in every symbol listed below. This is my personal watch-list and there are typically three reasons for why a stock makes the list, and they are:
1) Price and volume pattern is intriguing
2) Stock has been heavily overbought in the recent days or weeks, but still remains on the list for a possible buy off of a light volume pullback.
3) Stock is one of intrigue to me, such as Smith Micro (SMSI), so I keep it around in the case that there is a setup that is too good to pass up.
Most of them, however, fall under condition #1.
Side note, there are no planned reports due out this morning, and with the strength that we are currently seeing, you can expect to see me lighten up dramatically on the short side early on.
Here are My 14 Long Setups.