Investors Watchlist was designed for both traders and investors. We scan thousands of stocks to find actionable trade ideas. One of the most time-consuming tasks a trader encounters is sorting through countless charts to find the few stocks that meet their criteria. Mechanical scans based on technical indicators and fundamental data can help narrow down the list . But if you’re a pattern trader, you still have to visually scan charts to find potential candidates. The pattern recognition software used by most stock screening services leaves a lot to be desired. This is where Investors Watchlist comes in. We look for stocks and ETF’s setting up in technical patterns and post them before they make their move. All symbols are organized into easy to use tables with interactive charts.
Watchlists are divided into four categories: Investor, Swing Trader, Stocks Under $10, and Bear Patterns. Every weekend we review and update the lists. Only stocks that are within striking distance of a patterns support or resistance level are included. Watchlists are updated throughout the week as new trade ideas show up. Failed patterns are removed once they no longer meet our criteria. Stocks that broke out or resumed their trend will change from “Active” to “Trigger” in the Status column and stay on the watchlist for up to 5 days.
Each new symbol added to the watchlists has an interactive chart provided by TradingView.com. A static image is captured the day it is added to the watchlist. The chart link opens in a lightbox. By pressing the “play” button the chart is updated to the stocks current price.
The success of a trade depends as much on the general market as it does on the stock itself. Even a perfect set up can be thwarted by a market correction. The patterns that show up on the watchlists usually reflect current market conditions. The watchlists can sometimes offer clues to future market direction. For example, during an uptrend if the number of bullish stocks setting up starts to diminish or breakout patterns begin failing, its usually a sign that the market is getting tired and that a pullback or at least a pause is coming soon. A quick review of the watchlists a few times a week can really give you an edge in evaluating current market direction.
Is Investors Watchlist a stock picking service ?
No, our research focuses on actionable trade ideas and stock pattern recognition. We do not make recommendations or give entry or exit prices for individual stocks and ETF’s. Being familiar with technical analysis and stock patterns will help you take full advantage of our service. We would also caution new traders looking for a stock picking service to beware of false claims and manufactured results.