The S&P 500 is stuck in a long drawn out triangle pattern but refuses to give up the 50-day moving average in the process. Should the market hold and eventually rally, you are going to need a good list of bullish stocks that you can fall back on and trade from. That is what I have provided you with below. 

Note that the VIX remains elevated and on the verge of breaking the 200-day moving average to the upside for the first time since the November election. Whether it can hold that level into the close is an entirely different story. But if it does, it definitely changes the tune of risk being priced into this market. 

Stocks Watch List

Nonetheless, this market is one wack-job doing something incredibly stupid on the international front and causing all sorts of problems for the market. So right now, the focus for the market from a macro stand point is Russia, North Korea, Syria, and China. Let’s hope they can mind their manners for now. 

Here’s my bullish list of stocks

bullish stocks 4 10 17

You Might Like

  • Short-term bounce

    The Anatomy of a Short-Term Bounce

  • January Barometer: As January goes, so goes the year.

    January Barometer: As January Goes

  • Losing Trade to Start the New Year

Leave A Comment