Although Oppenheimer technical analyst Ari Wald urges caution when it comes to trading the stock market at the moment, his new report details several stocks that the firm believes are strong buys based on what Wald currently sees in their charts. According to Wald, the S&P 500 has yet to show “evidence of a compelling top,” and selective stocks remain ripe for the picking.

Here’s a breakdown of eight charts that Wald likes.

Specialty Retail

One sector that Wald likes at the moment is Specialty Retail, and Home Depot Inc HD 1.59% is currently positioned particularly well from a technical standpoint on both its standard chart and its chart versus the S&P 500.

Wald also sees recent bullish technical inflections in both charts for Ross Stores, Inc. ROST 3.05%.

Healthcare Equipment & Supplies

Another group that Oppenheimer likes at the moment is…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!