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+--- Forum: Stan Weinstein's Stage Analysis - Stock Charts, Technical Analysis, Learn to Trade, Stocks, ETF, NYSE, Nasdaq (https://www.stageanalysis.net/forum/Forum-Stan-Weinstein-s-Stage-Analysis-Stock-Charts-Technical-Analysis-Learn-to-Trade-Stocks-ETF-NYSE-Nasdaq)
+--- Thread: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts (/Thread-US-Stocks-Breakouts-Breakdowns-SP500-NYSE-Nasdaq-Stock-Charts)
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RE: Watchlist - Traders method - isatrader - 2013-08-13
WY is in Stage 3B / 4A, and is close to making a potential continuation move lower. SATA score is a zero out of 9, with poor relative performance versus the S&P 500, and a declining 30 week MA.
RE: Watchlist - Traders method - goodtyneguy - 2013-08-14
(2013-08-13, 05:09 PM)gbarbs Wrote: i wish i could say i got into RENN on the breakout but not so. I think i intially noticed the chart when scanning top 10 market movers. i'll run through those typically to find breakouts and then watch for pullbacks (always check the sector/group though).
I also use a "top movers" screen in my charting software which pulls up about 30 issues each in the DOW, Nasdaq and what it classifies as US Minors. I also use it for UK and european indices.
Quote: i have stayed away from some good looking charts because stops were too far away (which happens when you miss the breakout). then they just keep going higher and higher. so, i decided to just buy a little so that if the stock price does drop back a large %, its still a small % against my portfolio. and at that point can add a normal size position at a safer level. if it does continue rising, then i get to take part and rewarded for finding it.
weinstein i think made reference to this in one of the interviews posted on this site? about getting in and out in increments rather than all at once. this makes a lot of sense to me.
I must have missed this in the book but it makes sense to me as well.
Quote: on the buy side i find it difficult to catch breakouts on the breakout. if i have 20 on my watchlist for example i don't have 20 buy stop orders sitting in place.
Same here, I will only place a buy stop order on charts which look exceptional. I got into RENN today on one which came in with exceptional volume.
On a different note, I got into DANG on the first continuation buy in the chart below but annoyingly got stopped out as it pulled back too deeply. It presented another continuation buy opportunity today on excellent volume and I was able to enter just before the close. The pivot low is too far away for a stop so I used 3.5 times the ATR200. It is quite close to the break out level at 10.78 but in view of the volume that came in today and the build of of volume in recent times I don't expect much of a pull back if any. The group it is in, the DJ US Specialty Retailers index is in a supportive up trend.
OPEN, in the same group as DANG also looks promising, obviously a method for the stop other than below the pivot low would need to be used. If you are an elite member don't forget to refer to Isatrader's excellent stop loss positioning guide in that section if in doubt.
RE: Watchlist - Traders method - goodtyneguy - 2013-08-14
EAT, brought up previously here by isatrade is sporting a good looking doji for a pull back entry on a continuation buy. Volume has ideally dropped off on the pull back.
RE: Watchlist - Traders method - isatrader - 2013-08-14
Stage 2 continuation move in Zale (ZLC) today after consolidating for two and half months.
RE: Watchlist - Traders method - isatrader - 2013-08-14
Here's a number of today's breakouts relevant to the method.
RE: Watchlist - Traders method - isatrader - 2013-08-16
A couple of stocks attempting to make early Stage 2 continuation moves. BALT, YPF, PRGN, and VLCCF
RE: Watchlist - Traders method - isatrader - 2013-08-16
Silver and gold miner Hecla mining (HL) is starting to show signs of basing after it's long Stage 4 decline, but it's still very early in the process and so I'd give it a rating of Stage 4B- currently, with chance of becoming a Stage 1A soon if it continues to improve, as it's technical attributes have only just moved off of a zero to a score of 1 out of 9 this week, as the 10 week MA turned up.
RE: Watchlist - Traders method - isatrader - 2013-08-20
Here's a number of breakdowns from the Nasdaq yesterday making Stage 4 moves lower.