S&P 500 - 5 stocks that look ready to rise?

HarryHindsight

Junior member
35 0
Having skimmed through all 500 components of the S&P500 on the daily charts, I've picked out 5 that seemed to me as though they may be at the end of a pull-back*, and ready to rise again in tandem with this ridiculous bull market.

Anyone agree/disagree?
Clearly past price action is just one of an infinite number of factors dictating future price moves - but when the over all trend is clearly to the upside, I think it can pay to keep it simple and just look for an excuse to buy.

"But my dear boy... it's a bull market"

*regardless of reason, e.g. Google voting rights
 

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Vicorka

Active member
246 7
Would be careful until you have a confirmed trend. On my opinion the volatility is still on the rise for the Russell 2000 and Nasdaq 100 and we still did not see a decent correction on the S&P 500 and DJI. As I see, at this point, GOOG and NFLX in the correctional move down and there are no panic selling yet (high volume during the price slide) which would signal that the buyers are attracted by low price and they are buying from the Bears in big volumes.

See what I mean at
Volume surges at reversals
 
 
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