(2021-11-24, 07:35 PM)Sonofrebel Wrote: I started keeping a list of the stocks mentioned in the blog since 13 September 2021. Plotting the recent trends of 1 week change versus 1 month change gives this view...and then zooming in on upper left screen gives some ideas for pullback entries.
I'm not sure how to make use of it. But I like the idea.
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.
I highlighted the intraday Stage 2A breakout on SBLK yesterday and talked through it in detail in the midweek video. Currently it's in Stage 3 on the major weekly timeframe, but on the daily chart it had a Reversal Significant Bar on its heaviest ever daily volume. So a potential first sign of a short term trend change, and hence for longer term position traders it's a reference point to start observing the price and volume from more closely to see if it might be showing signs of accumulation. Swing traders on the other hand, it's in the SOS rally part of the base structure (Phase D), so further early entry points may develop.
The SATA score currently is only a 2 out of 5, as the group and the sector are both underperforming the S&P 500, but they are in range of their zero lines (52 week RS MA), and so the Technical Attributes could potentially improve in the coming months.
So I'm highlighting this one quite early, but it has made a Spring and Test at the 200 day MA, and so could be a Last Point of Support (LPS) in Phase C. But needs some more positive developments to validate that theory.
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.
S&P 500 joining in with the earlier in the week selling in the Nasdaq. So participation is broadening on the market pullback. VIX set to spike above the 200 day MA too. So as per last weekends video we are in Difficult Environment status, so the strategy remains on Defense.
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.