So the Nasdaq composite and S&P 500 managed to extend their advances to three weeks, although by the seat of their pants. Earnings news was mixed, but has been mostly better than expected during the season so far. Strong July payroll numbers on Friday were a mixed blessing as the Fed winds up for its meeting two weeks out. The list of potential leading stocks is broadening, however, and declines in gasoline and oil prices hint at further easing of stress on consumers and the economy.
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Stocks To Watch: Five Stocks Setting Up
Investors should cast a wide net for their watchlists, looking for quality stocks in a wide variety of sectors. Lithium and fertilizer giant Sociedad Quimica Y Minra (SQM) is finding support at the 50-day line, not far from an early entry. Monolithic Power Systems (MPWR) is racing up the right side of a base, fueled by strong earnings, but could use a…