All of the stocks currently on the High Ranked Leaders Watch List match up very favorably with winning guidelines that were developed from a famous 50-year study of the market’s biggest winners.
These stocks are of highly-ranked, financially sound companies and have properly formed technical bases. These selections hail from the current leading groups of the market. They are profitable businesses with either a new product or service, new management, or are making new highs in share price as institutions and big money managers are accumulating shares.
This means that they have the winning characteristics which we are all looking for. This includes such chart patterns as a cup with handle, flat base, double bottom base, etc. History has shown that when these stocks are posted as set ups, they are poised for a buyable breakout.
We are now back in a confirmed rally:
Now is the time to have a watch list of high ranked selections which looked poised to produce fresh new breakouts. The first fundamentally solid stocks to break out of properly formed technical bases are always the true leaders.
I did add three stocks to the watch list over the weekend.