The risk appetite in the market looks to be increasing with traditional defensive stocks weakening over the month as the instos move cash into stocks with better growth prospects. Staples like health and food have lost ground - WOW, MTS, SHL, SIP, CSL, COH, PRY, etc. Some of those have stock-specific issues but that overall trend is bullish in terms of the overall market IMO because it suggests the big money is becoming less risk-averse.
That said, some of those stocks are getting close to past support levels and that puts them on my watchlist for the next few days. Today's watchlist includes PRY, WOW, SIP, CSL, BSL, AWB, BEN, ANN and PPT.
