My TC USA Stocks Watch Lists:
I have two watch lists of about 50 stocks that I have put together over the last few years. I analyse chart of these stocks using a software package (Profit Source from Hubb) where I have loaded my TC criteria.
- My ‘Prime Watch List of Stocks’: this contains stocks that I am generally happy to own. They are good, dividend paying stocks with historically strong fundamentals. I do look to own these stocks but will only purchase them at a discount. I look to be able to own the stocks at a level significantly below the ‘fair value’ estimate that is quoted on Morningstar, the site I use to obtain stock and option data and information. I like to buy in at a discount to fair value of about 25% or more.
- My ‘Seconds Watch List of Stocks’: These are stocks that I like but that may not have the same level of strong fundamentals as the Prime Stocks.
Examples of stocks on watch list:
The following charts show some of these stocks that have made decent price moves over recent weeks. Like with my FX trading, I look to the ADX and trend line breaks to give me signals to enter into trades.
MU: Micron Technology: this is a stock that I have been trading since it was down near $6 and it has appealed to me because it behaves very technically. Note the regular congestion pattern breakouts:
AMAT: Applied Material is another stock that has been a regular in my trading: