The Closing Print live trading and financial blog during market hours.

MarketSmith BlueDot Scan – Financial Services and Energy

by | Sep 28, 2021 | #ibdpartner, #investorsbusinessdaily, #MarketSmith | 0 comments

MarketSmith-BlueDot-Scan

The MarketSmith BlueDot Scan couples pattern recognition with a RS line that is trending and printing a new 52-week high. Stocks in this scan are then added to a watchlist that triggers when a candidate breakouts out of its base or breaking out past a new buy point.

MarketSmith BlueDot Scan

American Express (AXP) reports earnings in less than 30 days. In addition, the left panel shows the financial services company’s earnings have steadied, after taking a dip in 2020. AXP is near a new buy point at 179.77, ten cents above its recent pivot high. Click chart to enlarge.

AXP-American-Express-Daily-Chart-Bluedot-Scan

Additional stocks on the list from the restaurants and bars industry group, energy and technology sectors are setup similar to American Express. We’ll watch these stocks and comment on their performance, live during the market broadcast this week.

Join us today in the trading room for our LIVE broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,

Vinny

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The Closing Print live trading and financial blog during market hours.

Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.

Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.

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