Select List #6 - Saturday July 16, 2022

Output from one of our favorite market screens - Stocks starting moves higher

Introduction

The Saturday Select List is the output of one of our favorite market screens. The Select List is generally companies that are exhibiting abnormal strength relative to the market and their industry grouping. These names generally have a higher probability of setting up for a move higher.

Furthermore, the Select List focuses more on newly issued stocks rather than names that have traded for decades, which commonly dominate the Monday and Thursday chart reviews.

Note: Given the extreme pessimism we have seen in the markets, the normal Select List screen has not produced any credible observations for several weeks. Now that the average stock appear to be basing and even inflecting upward, we are seeing quite a few hits on our Select List screens.

Charts

COMPANY - INDUSTRY - MARKET CAP ($B)

LI - Li Auto Inc. - Auto Manufacturers - $39.86B

SGEN - Seagen Inc. - Biotechnology - $32.99B