Now is the time when you want to start looking for the most resilient stocks and that are hitting new highs, as these are the ones that are going to continue higher whenever this market turns around. It’s also a good time to prune your other watchlists and drop the losers to clean up your software programs and it feels good to start from scratch.
It’s also easy to scan for quality long breakouts as the number of stocks with bullish charts are quite low and return so few numbers compared with when the markets are in rally mode and you have 100′s of charts to go through.
Below are two of my long watchlists from Stockcharts and MarketClub. Some of the stocks overlap and you’ll have to click on the Stockchart image to make it big to actually view the charts.
