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US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts - Printable Version

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RE: US Stocks - Watchlist and Discussion - pcabc - 2017-01-05

(2017-01-05, 11:43 PM)isatrader Wrote:
(2017-01-05, 10:39 PM)pcabc Wrote: Healthcare Providers and Medical Supplies may be worth a look.

I had a quick look through the weekly charts of those two sectors, but I'm not seeing many big base Stage 1 stocks on the cusp of breaking out from those sectors. So can't see a theme in either of them personally at the moment.

My requirements are very specific for a sector wide theme. As I want to see the majority of stocks in the sector in Stage 1 with a few early Stage 2A breakouts already underway. So the weakest stocks in the sector will be just entering Stage 1 and still have many months to go, but the majority will have been basing in Stage 1 for most of 2016 and a few will have jumped the gates already. So big bases in 2016 after a sector wide Stage 4 decline in 2014/15.

Thank you. I noted a recent increase in relative strength in healthcare, which is why I flagged these. Worth myself relooking on a longer timescale.

RE: US Stocks - Watchlist and Discussion - pcabc - 2017-01-08

DLNG, maybe a little late, perhaps not dependent on risk?
       

DSXN & LEU:
       

RE: US Stocks - Watchlist and Discussion - isatrader - 2017-01-08

(2017-01-08, 01:51 PM)pcabc Wrote: DLNG, maybe a little late, perhaps not dependent on risk?

It's well past the entry point as you can see from the 2hr charts attached, so risk is obviously increased. I've included the 2hr Elder chart with the Keltner ATR channels as it shows that it pushed out the top of it's 3x ATR channel (with an ATR of 22 days i.e one month) and has been pulled back in, so is a tricky one at this point as you need to try and get in trader positions much closer to the breakout level. Hence why I think the 2hr chart is very useful if you are using trader method for entries.

       

RE: US Stocks - Watchlist and Discussion - pcabc - 2017-01-09

AXGN is breaking out. 9% up. Tempted but I'd have to sell a laggard. It is a continuation after 5 months. But the MA has been rising for 2 years. So is it a continuation or a blow off top? That has given me pause.

RE: US Stocks - Watchlist and Discussion - isatrader - 2017-01-09

(2017-01-09, 08:51 PM)pcabc Wrote: AXGN is breaking out. 9% up. Tempted but I'd have to sell a laggard. It is a continuation after 5 months. But the MA has been rising for 2 years. So is it a continuation or a blow off top? That has given me pause.

Like on the previous one we talked about, the entry was near to close on Friday, or on the open small gap up today imo, as it's already 10.75% higher today. So a solid Stage 2 continuation move to new highs with good relative volume after a stable five month consolidation period, but ideal entry missed imo. Although it might have a small pullback or consolidation, so there could be another opportunity to get in, as the move might need to be digested a bit, but trader method breakouts are hard to catch. Near the end of the day scans for strong relative volume and new 50 day highs etc or similar type of scan can be useful I've found if you want to catch these type of breakout moves.

       

RE: US Stocks - Watchlist and Discussion - isatrader - 2017-01-09

A few for the US long watchlist - DDD (Stage 1B, potential for Stage 2A breakout, strong relative volume today), CUDA (potential for Stage 2 continuation attempt), GKOS (Stage 2, potential for continuation move to new highs)

           

RE: US Stocks - Watchlist and Discussion - pcabc - 2017-01-10

(2017-01-09, 10:38 PM)isatrader Wrote:
(2017-01-09, 08:51 PM)pcabc Wrote: AXGN is breaking out. ...

Like on the previous one we talked about, the entry was near to close on Friday, or on the open small gap up today imo, as it's already 10.75% higher today. So a ...

Actually the reasons are quite different.

The stock I spotted early last week was late as my data feed had issues which I failed to spot. The last one we discussed I was late, pure and simple. I wavered on whether to flag it. With hindsight should have not mentioned it.

This one is quite interesting and may be indicative of my performance to date. I think this hinges on what we define the breakout level to be. I've re-checked the book and it may be hidden in the detail but it does not obviously state whether close or high prices should be used as breakout levels.

I attach my chart, with two breakout levels based on Sept '16 shown. One level, the one I based my post on, was 9.88, the Sept '16 high (8 Sept 16), which meant the breakout was today. This is the one I considered. I've drawn a lower one in at about 9.36 which was close of the same day. 9.36 was hit today, not yesterday.
   

However, are you looking at a breakout at about 9.1 which is from a trend-line ignoring the Sept 16 high? I've used your chart but annotated it, see below. That one would have been broken through Friday.
   
I've picked out the breakout level of 9.88 in light blue. It is quote different.

So the crux of the argument is which to use as the breakout level? This could be quite a significant discussion.

RE: US Stocks - Watchlist and Discussion - isatrader - 2017-01-10

(2017-01-10, 12:22 AM)pcabc Wrote: Actually the reasons are quite different.

The stock I spotted early last week was late as my data feed had issues which I failed to spot. The last one we discussed I was late, pure and simple. I wavered on whether to flag it. With hindsight should have not mentioned it.

This one is quite interesting and may be indicative of my performance to date. I think this hinges on what we define the breakout level to be. I've re-checked the book and it may be hidden in the detail but it does not obviously state whether close or high prices should be used as breakout levels.

I attach my chart, with two breakout levels based on Sept '16 shown. One level, the one I based my post on, was 9.88, the Sept '16 high (8 Sept 16), which meant the breakout was today. This is the one I considered. I've drawn a lower one in at about 9.36 which was close of the same day. 9.36 was hit today, not yesterday.


However, are you looking at a breakout at about 9.1 which is from a trend-line ignoring the Sept 16 high? I've used your chart but annotated it, see below. That one would have been broken through Friday.

I've picked out the breakout level of 9.88 in light blue. It is quote different.

So the crux of the argument is which to use as the breakout level? This could be quite a significant discussion.

How I was judging it was on the 3 month closing price made on Friday at 9.30, as the October high was 9.28 according to the stockcharts chart. So the reason I chose to ignore the September high and daily closing high, was that it was blow off move after a long Stage 2 run and actually had a strong down week on that week. So I believe the the last three month of tops, of which there were five were more significant for the initial continuation breakout level, and close above those five tops was the breakout level imo.

So technically yes, the September high is the main breakout level, but I believe it's a less significant one than the other slightly lower more recent highs for the entry point to watch for. As they are much more closely grouped.

See the attached 2% point and figure chart for a clearer example of what I mean as shows a clear view of the breakout level that formed over the last three months.