At this point, you are going to struggle to find a lot of emerging breakout stocks, particularly when SPX has dropped 93 points in the last eight trading sessions.
The only ones that I really liked as a breakout candidate is General Electric (GE) and Baidu (BIDU) – both of which has fared very well during the recent market downturn and I expect to continue to do well in the days ahead.
The rest of the trade setups listed below, for the most part, are bounce plays, whether it be off of strong price support, like First Solar (FSLR), or a rising trend-line like Phillips 66 (PSX).
So check out the list below and see whether there are some trade setups that meet your risk profile and give them a whirl.
Here’s the list of trade setups:
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