I wanted to highlight TASR, as it shows a good example imo of a Stage 2 continuation move over the last few months to new highs, following a consolidation of it's initial Stage 2 run up. Volume surged to more than two times the weekly average on the continuation breakout and the relative performance also broke out to new highs. But another thing to note that we haven't talked about much before was the Volatility Contraction Pattern (VCP) before the breakout to new highs, which was accompanied by a volume contraction immediately preceding the Stage 2 continuation move.
The Volatility Contraction Pattern (VCP) is a core concept of Mark Minervini's work, who uses Weinstein's method as well as Jesse Livermore's work and fundamentals also, and has had great success over the years and featured in the Stock Market Wizards book. I recently read Mark Minervini's book "How to Achieve Super Performance in Stocks in Any Market" and think it's an excellent companion for people using Weinstein's trader method as it has some additional depth for shorter term traders as Weinstein's book was more focused on the investor method. But the concepts it introduces can be used by both traders and investors imo, so I'd recommend it for everyone using Weinstein's method.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Below is the data table for the Percent of Stocks Above 150 Day Moving Average in each sector which I've ordered by relative strength, with the highest to the lowest percentage in each sector. Also attached is the visual diagram of the 9 sectors and the NYSE Percentage of Stocks above their 150 day Moving Averages line chart.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
