The market today is acting more like a penny stock with its intraday machinations than the world’s most liquid market for trading stocks.
It is a total bore of late and much of that has to do with the Federal Reserve and the Bank of Japan refusing to get their hands out of the market and let the normal ups and downs prevail. The fear of a a market sell-off keeps these people up at night and it has gotten to a point where even an intraday reversal is simply unacceptable.
For now, I’ve put my list of long setups together, but you really have to pick and choose what stocks you buy, because if it isn’t breaking out then it isn’t moving and you don’t want to get stuck in a stock that can’t move anywhere, while offering the hope of some unattainable upside all at the same time.
In any case. Dive in and find some good stocks from the list below that are worth your time and capital.