Top One Percent Stocks – January 20th

All charts in this post are powered by MarketSmith

One of my favourite screens to run during rising markets is high relative strength. Every day, I go through the charts of strongest stocks and I look for three major setups:

  1. Breakouts – fresh breakouts from bases. Some of the breakout setups that I highlighted this weekend: RETA, AYX, TWLO.
  2. Anticipation setups – stocks in a tight range contraction that are setting up for a potential breakout. The results from this weekend: NVTA, ETSY, VCEL.
  3. Stocks that retake or bounce from their 10-day EMA.

Check out my latest book: Swing Trading with Options – How to trade big trends for big returns.

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