Trading the Charts for Thursday, Sept. 28th
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Here are my deep dive newsletters…
Powell speaking today and PCE tomorrow…
Let’s hope October looks better than September…
15% of the $SPX stocks are above their 50d sma
New lows are still outpacing new highs, 10% of the S&P 500 made new 52 week lows yesterday…
Energy still looks the best, real estate and consumer discretionary look the worst…
$VIX — big fade off the highs yesterday, closed just above the 200d sma
$TNX — on the weekly log chart the 10Y is up against resistance, if we don’t push through then it could mean we’ve seen the highs
$SPX — perfect bounce yesterday off the trendline from the October lows
RSP
QQQ
QQQE
IWM
IWO
ARKK
Morning stock screen via Finviz: CRS DHT ESTC EXEL GSHD LAUR MDXG NMR NTNX OII PETQ PRO ROAD SIGI SKWD TTI WFRD
Criteria: price above $3, market cap above $500M, above 20d sma, above 50d sma, above 200d sma, average volume above 200k, QoQ earnings growth above 10%, QoQ sales growth above 10%, earnings growth next year above 25%
Another morning stock screen via Finviz: ACGL ACMR AER AM ANF APO ARCE AROC BBVA BRZE BWXT CB CEIX CHRD CLS CNK COR COUR CRS CSWC CWAN DHT DNOW ESTC EURN EXEL FLR FLS FN FRO FSS FTI GKOS GLNG GSBD GSHD GWRE HAL HLX HMC HP HQY HUM ICPT IMAX INSM INSW IONS KNSA L LAUR LBRT LPG MCK MDXG MIRM MMYT MRTX MUFG NARI NBIX NMFC NOV NTNX NXGN OBDC OII OWL PGR PR PRDO PRO PTEN PUMP QTRX REGN RES RNR ROIV RYAN SGEN SKWD SLB SMFG SOVO SPLK SWBI TAL TDW TNGX TNK TSLX TTI UEC UNH VCEL VERX WFRD WING WRB XPRO
Criteria: price above $2, market cap above $1B, above 20d sma, above 50d sma, average volume above 300k, QoQ sales growth above 0%, EPS growth next year above 0%
Another morning stock screen via Finviz: ACGL ACMR AER AIZ AKAM ALHC AM AMGN APO AROC AXS AYX BCRX BGC BMRN BRC BRZE BWXT CB CCCS CHRD CI CIR CLB CLS CNC COR COST CRS CWAN CXW DB DHT DNOW ESTC EURN EXEL FLR FLS FN FRO FSS FTI GIII GKOS GLNG GSHD GSK GWRE HAL HLX HPK HQY HUM IMAX INSM J LRN MCK MMYT MOH MRTX MUFG NARI NBIX NMR NOC NOV NTNX OHI OII OWL PR PRO PUMP REGN RES RGA RNR ROIV RYAN SBRA SFL SFM SKWD SLB SOVO SPLK SYNH T TAK TDW TRV TWNK TXT UNH UNM UTHR VAL VERX WFRD WING WRB WTW XPRO
Criteria: price above $4, market cap above $500M, above 20d sma, above 50d sma, below 200d sma, average volume above 300k, QoQ sales growth above 10%
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