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Stage Analysis

US Breakout Stocks Watchlist - 1 July 2020

A lot of pullback rebounds in the watchlist tonight, with numerous stocks continuing to setup still and breakouts have started working again. So seeing some strength, and the VIX closed below both the 50 day MA and the 21 day EMA that it's been bouncing around for the last few weeks.
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US Breakout Stocks Watchlist - 29 June 2020

Another day of rotation into some of the more unloved sectors with Industrials, Materials, and Consumer Discretionary have strong moves, while many of the leading stocks pulled back strongly to test their short term MAs. So a healthy sign in terms of market breadth, but not so nice if you focus on leading stocks. As can be hard to sit through the correction.
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US Breakout Stocks Watchlist - 23 June 2020

I saw a lot of nervousness on the twitter feed today, with people talking about pullbacks. But from my perspective we've just had one, as we saw a -6.7% pullback in the Nasdaq over the last few weeks and then made a new high today. So until the breakouts start failing again the short term trend remains up, and today saw seven big name stocks including four of the FAANG stocks attempting to breakout again, although they all closed fairly weakly.
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