Blog – All Posts

The blog shows all articles in date order – including the US Stocks Watchlist, Videos, Indexes, Market Breadth and featured articles on Industry Groups, Sectors or individual Stocks. But if you want see the watchlist posts only, then use the Watchlist tab in the menu, or the category link in the sidebar area.

US Breakout Stocks Watchlist - 18 October 2020

The Nasdaq 100, Nasdaq and S&P 500 are all currently forming Cup with Handle patterns on their daily charts, with lower volume on the down days in the handle area. So there is potential for a continuation attempt higher in the coming weeks. Although the US Election is a wild card and Earnings Season is upon us from this week. So remember to focus on the price action and volume of the individual stocks (especially leading stocks) and not on the news headlines or talking heads on the financial news channels.
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US Breakout Stocks Watchlist - 12 October 2020

As I highlighted at the weekend, the leading large cap stocks where in position for potential breakouts, and we got that today with the big FAANG names such as AAPL & AMZN and more making strong moves from their recent bases on strong relative volume, while the leading mid cap stocks mostly took a breather on lower volume. So with the strong market breadth, the Weight of Evidence is learning towards the bullish side again.
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US Breakout Stocks Watchlist - 11 October 2020

The weekend scans mostly produced a mix of leading large cap stocks and numerous gold miners, as the majority of leading tech stocks have already broken out over the last weeks. But if the large caps can join in, then would be good for the overall market, as well as the exceptionally strong market breadth we've seen this week. With the highest MA breadth reading of the year, and the financials finally joining the rally, with over 2/3rds now above their 150 day (30 week) MAs.
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