The market breadth indicators showed some negative action under the surface today, with some very strong moves like the S&P 500 Bullish Percent Index dropping -30.59% in a day, and similar moves in the NYSE Bullish Percent Index which changed both of them to Bear Confirmed status. The Nasdaq Bullish Percent Index also fell today, but by around half as much at -13.34%, which changed its status to Bull Correction.
Gold miners dominate the watchlist again tonight, but an honourable mention goes to SPOT that I've highlighted multiple times over the last few weeks. Today it finally made the Stage 2A breakout attempt from it's one and half year base, which I highlighted on twitter early in the day https://twitter.com/stageanaly... but at the time it wasn't showing the volume increase that is required in the method. However, later in the day that volume did finally come in as the breakout picked up stream, and has now had just under one weeks normal average volume in two days. So if the final three days in the week continue at that pace and it holds the breakout with a strong weekly close. Then SPOT will have moved in Stage 2A.
For the watchlist from Tuesdays scans - AUY, EQX, GFI, GORO, HMY, KGC, NGD, NUI, SIMO, SPOT, VGZ
Hi was hoping get some guideance on what method and what website you do your sector search on. Eg like gold and then finding the best stock within the sector?
(2020-05-20, 10:36 PM)Bob hope Wrote: Hi was hoping get some guideance on what method and what website you do your sector search on. Eg like gold and then finding the best stock within the sector?
See the Beginners Questions thread, as this was covered again recently
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.
There was another fairly big list to go through tonight, which I refined down to a few of the more interesting stocks. Good to see some volume pickups in most.
For the watchlist from Wednesdays scans - ADI, ARKK, AUDC, CIBR, FB, KRNT, MRVL, NERV, RMBS, ROBO, ZEN
