One thing that I am noticing with this market despite it being up close to 10 points as of this post, is that there isn’t a lot of stocks following the rally. Instead there are a lot of individual stocks languishing while the SPX pushes closer to all time highs.
There are some out there that I really like though on this list. The first one is a trade that I took yesterday in Goldcorp (GG) which has formed an extremely nice base and looks ready to push higher in the days ahead as well as start a brand new uptrend.
Buffalo Wild Wings (BWLD) while I am no fan of the actual product, I do think that they have a nice opportunity to break above some major long-term resistance formed in March of 2012.
Finally, Hornbeck Offshore Services (HOS), has some very nice consolidation after a strong run-up and may finally be ready to blaze a trail to new highs once it can effectively cross the $45 mark.
Here’s my swing-trading watch-list.
Be sure to checkout Ryan’s Swing-Trade Ideas at SharePlanner.com
