U.S. stock futures are pointing lower.
European markets were mixed in early trading.
Most Asian markets ended the day with losses.
Hong Kong’s market was actually closed due to a typhoon.
We continue to see lackluster action.
In fact, the major averages have been trading nearly flat for the past 30-days.
There is not much we can do. We have to take what the market will give us.
Continue to be disciplined and run screens daily. If we find any stocks which meet our criteria, then we put them on our watch list. If they breakout we buy them.
If there are no breakouts, there is nothing to do.
We focus more on our current positions, and sell any that are technical weak or that are violating support.
Free up capital for fresh breakouts.
Wash, rinse, repeat as our portfolio value increases.
Potlatch Corporation (PCH – Nasdaq)
Potlatch Corporation operates as a real estate investment trust (REIT) that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States.
Has very decent ranks and improving fundamentals.
If this stock trades above its TRIGGER PRICE while its daily volume is on pace to make its TRIGGER VOLUME, that would have this stock triggering a technical buy signal up to its MAX BUY PRICE. Please see the table above for this specific trading criteria.
Chart courtesy of stockcharts.com – Click chart to enlarge.
I ran my regular stock screens early this morning, yet did not add any new stocks to any of our watch lists.
As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.
I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.
The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.
You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.
LEARN MORE HERE
Any questions or concerns, please email me at email@example.com.