• bullish swing trading watch-list 12-14-15

This market has eerily traveled down the same route the market took in December 2014, dropping 107 points in the first half of the month, only to rally 121 points to close out the year. 

Does that happen again? History suggests so, and when you the T2108 (% of stocks trading above their 40-day moving average) dropping into the teens (14% to be exact) and one of the most oversold readings of the past few years, and it happens during one of the most seasonally bullish times of the year, then yes, I would say we are more than likely to see a short covering bounce here in the very near future. 

Today alone, SPX is already 17 points off the lows of the day, but still struggling with the bears desire to still drive this market lower. The SharePlanner Reversal Indicator at the close of last week, also suggested that a reversal to the upside was very much in the cards here. 

So yes, holding longs in the beginning half of December has been a painful experience for the bulls, but the market is showing signs of turning the corner here, and when you have a 100+ point sell off in less than two weeks, you also set yourself for a possible equal or greater bounce thereafter. 

Here’s the bullish watch-list that I am currently working with:

bullish swing trading watch-list 12-14-15

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