A couple of Big Cap 20 stocks are setting up in possible bases and might break out if a catalyst presents itself or if the market can get some upward momentum going.
One is Zimmer Biomet (ZBH), which has set up in a long cup-with-handle base with a 117.87 buy point. Despite lasting 63 weeks, the base corrected only 28%, a manageable amount considering the depth of many current bases in this weak market.