Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method
US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts - Printable Version

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RE: Watchlist - Traders method - goodtyneguy - 2013-04-26

This chart has restored my faith in the Weinstein trader method as I was beginning to think I was never going to see an ideal chart in real time. I think this one comes close to it, please tell me if I'm wrong. Not only that but it is supported by it's sector charts. On that front I have shown IYZ the ishares US DJ Telecommunications fund ETF and also FONE, First Trusts' Nasdaq Smartphone Index (global)ETF.

       

       

Credit to isatrader for bringing this one to my attention, I got it from his posting of yesterdays daily break out and breakdowns list. Keeping an eye on the telecommunications sector may be a good idea going forward.

Another in the telecoms sector with interests in other arguably lucrative areas to keep a beady on.

       

Again from isa's BO and BD list yesterday.

EDIT: please note on the daily chart the "investor interest" note should be pointed to the break out of the blue diagonal trend line


RE: Watchlist - Traders method - Locked in - 2013-04-26

Really like the picks Goodtyneguy! I especially like GLW because of its large stage one base and the very recent cross of the RS 0 line. It looks like the telecoms are on the up and up.


RE: Watchlist - Traders method - goodtyneguy - 2013-04-27

(2013-04-26, 11:27 PM)Locked in Wrote: Really like the picks Goodtyneguy! I especially like GLW because of its large stage one base and the very recent cross of the RS 0 line. It looks like the telecoms are on the up and up.

Thanks Locked in, I think they are really good looking charts. My only concern is the WOE (weight of evidence) not being convincingly bullish at the moment keeping me in suspenders. On that basis I think continuation buys using the trader method is the way to go for now?


RE: Watchlist - Traders method - Locked in - 2013-04-27

Quote:Thanks Locked in, I think they are really good looking charts. My only concern is the WOE (weight of evidence) not being convincingly bullish at the moment keeping me in suspenders. On that basis I think continuation buys using the trader method is the way to go for now?

For sure- I am too scared to go for anything long term at the moment. I might make a few short term trades because I think there is still a little rise left in the market. I am currently making a short watchlist in the event this market turns bearish. This S&P chart illustrates the point pretty well. I guess if it were to break out from 1600 we would have to re-evaluate.

   


RE: Watchlist - Investor method - Locked in - 2013-04-27

The Tech sector has been preforming badly for a while now. With the "weight of evidence" from Isa's Breadth thread generally being negative, I thought I would show some of my tech watchlist.

I have marked up the charts individually but didn't add too much info on each one. I know how I feel about the charts but would love to know what you think as well. Please leave some feedback whether you are Isa or a beginner. Also, if the market were to turn bear tomorrow, which of these stocks would you pick to go short on and why?

Thanks to anyone participating-

       

       

       

       


RE: Watchlist - Investor method - Lplate - 2013-04-27

(2013-04-27, 05:01 AM)Locked in Wrote: The Tech sector has been preforming badly for a while now. With the "weight of evidence" from Isa's Breadth thread generally being negative, . . . . I know how I feel about the charts but would love to know what you think as well.
LockedIn thanks for "quiz".
You can see that BIDU is the cleanest Weinstein set up and has travelled least, with a break at 98 in Nov, now 85, and as you say a lot of potential.
AAPL would have been The One to have caught, but might be worth watching for a fail at 500.
XLK is weak, but not actually in a Stage 4, and the Semiconductor SOX is OK, with some trader breakouts, I should think.


RE: Watchlist - Investor method - goodtyneguy - 2013-04-27

My comment #59 with regard to XLK and chart below:

Quote:XLK is currently just above the 30 week MA after closing below it last week at a support level on heavier volume than previous attempts. For that reason I think there is a high probability that it will soon be broken sending XLK into a stage 4A.

   

I would not consider Amazon, you need to look to short stocks that have had a steep ascent with only small congestion areas on the way up which will offer less resistance on the way down. There will be better opportunities to deploy your capital in imo.

   

Bidu - looks good for a trader play but we don't have any market internals for the Chinese stock markets so I would not feel confident in doing any thing with that one.

Cognizant - I would wait for a pull back to the 4A BD level or at least near to it looking for a candlestick reversal pattern for entry. R2R should be calculated using the support at the neckline of the H&S pattern. I would probably take 50% off at that level dependent on how price reacts there. BTW it exhibits the ideal steep ascent that I spoke about above. I will be putting this one one my watch list, thanks.

   

Oracle and Qualcomm, I would not be interested for the same reason I gave for Amazon.

.


RE: Watchlist - Investor method - Locked in - 2013-04-28

Thanks for the input guys- I would have to say that my money would be on Cognizant dropping the most because of the large stage 3 top and what goodguy said about the steep runup with only a tiny bit of congestion which would theoretically lead to a smooth ride down.

As for Bidu, I think there will be plenty of opportunities for entries in the trader method as the stock takes its huge steps down.