Stocks to Watch 10/9

Hi everyone,

Below is my weekly watch list with commentary. Before we dive in, make sure you don’t miss any future ones by subscribing below

Situational Awareness

Short term: Down (below a declining 5 SMA)

Intermediate Term: Down (below a declining 21ema)

Mid Term: Down (below a declining 50sma)

Long-term: Down (Below a declining 200 sma)

Before going through this list keep in mind that the market trend is negative. If you have a longer-term timeframe, cash is likely the highest probability play. This list can be used as a gauge of market health. Many of this could also be short candidates if we continue lower

For my full market commentary see here:

Will the market make new Lows?

Watchlist Charts from @MarketSmith

PRTA watching for a consolidation after the gap up

DEN watching for a pullback. Strong but straight off the bottom

OXY watching for a pullback

OVV watching for maybe one more day of tightness then a BO

MYOV can it hold the HVC?

RYTM - can it firm up and form a pivot or will it break the MAs

Remember to be ready for anything and to manage risk always!

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Have a great week!

Richard