Sunday, October 23, 2011

Stock Market Video - How to Narrow Down Watchlists (and Setups for the Week) - 10/23/11

Hi, traders - here's the video for the week ahead.   Going into Wednesday's and Friday's sessions this week, I had a ton of bullish setups in my scans.   Thursday didn't work out so well for those scans, but we saw a nice session on Friday and I once again saw a ton of potential setups in my scans this weekend.   Actually, I saw too many.   So what do you do when you have TOO many potential candidates?   This video will look at the process of narrowing down a watchlist and some ways to eliminate candidates.   Included in the video are the final setups I will be watching as the week commences.

Overall, this week was a difficult week to swing trade but longer-term it may have been an excellent one because we did get some much-needed consolidation.   Headline risk remains from the dealings in Europe and is the main reason I stayed in cash over this weekend, but if things can get worked out there, we may have a nice year-end rally on our hands, as hard as that may be to believe.

I hope you find the video helpful and informative.   As always, feel free to email me with questions or comments - I enjoy hearing from my readers.  If you like the videos, please take a moment to leave a review on Investimonials and feel free to retweet the links to your friends.  I would appreciate it.  You can also review my Twitter feed here. 

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4 comments:

Anonymous said...

interesting video - usually I agree with your picks but this time I have mostly different stocks on my list - EFR, SGEN, PRA(insurers are flying), SAVE, BZH, AUTH; MET and AMGN on pullbacks
Good luck, pls keep us updated on twitter with your entries
Ivan

Mac said...

There were so many possibilities that I had to eliminate a lot so perhaps they were on my list and I just passed. I know I saw SAVE but I think it has earnings.

I will keep discussing entries on Twitter as I can but work does not always allow me to tweet in real time.

Anonymous said...

Mac,
Thanks for sharing all of your hard work. I now follow you everyday and have learned a lot from your posts. Keep up the good work and thank you!!!!!

ppmoore said...

Thanks Mac for this.
Do you have an automated way to feed the Excel sheet with the fundamental data?