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

+- Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method (https://www.stageanalysis.net/forum)
+-- Forum: Main Board (https://www.stageanalysis.net/forum/Forum-Main-Board)
+--- 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)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556


RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-12

HTCH - Stage 1. Potential for a Stage 2A breakout attempt. Large inverse head and shoulders pattern developing.

           


RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-12

VLRS - An early Stage 2A breakout attempt, which is still within it's weekly resistance cloud.

Note on the daily chart the recent steepness of the various moving averages, which are just turning around. Hence highlighting the early nature of this Stage 2A breakout attempt.

           


RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-12

DVAX - Stage 2A breakout attempt with near term resistance to still to get through. Relative performance has broken above the zero line and the daily volume is over 2x times the average so far. So we'll see if that continues and makes the weekly 2x requirement later in the week.

           


RE: US Stocks - Watchlist and Discussion - Amedee - 2015-01-12

[/quote]

It's made a Stage 2 continuation, but the volumes fairly weak still. For continuation breakouts from a significant consolidation like that one you ideally want to see at least 3x the average daily volume on the breakout day, and then the 2x weekly average volume requirement by the end of the breakout week. So yes, it's back in Stage 2 and may go higher from here, but it is not showing any energy to go significantly higher via a change in the recent volume. And one of the main components of Weinstein's method is to consider is the opportunity costs (see page 97 in the book) of any trade you are considering.
[/quote]

Thanks for pointing out about the opportunity costs. I re-read that part, interesting enough! In P&F charting they say you always have to look left (on the chart). That way you can see the resistance or support zones.
That's a point that, in my opinion, speaks in the advantage of DEPO. Apart from the volume, it enters 'virgin territory'. I mean, it starts trading above resistance zones so it could become even more interesting.
   
   
In other words, I wonder if the advantage of virgin territory doesn't compensate for the lack of volume. Weekly volume was of little meaning but daily volume was 1.795.029 in stead of 400.000 - 800.000... I wonder, can weekly volume pick up this week, because the breakout was near the end of the former week?
Another advantage is the price objective for DEPO which is $27. This gives us, when buying at $17, a RR of 4!
- PO or price objective = 27 - 17 (price bought) = $10 reward
- SL or stop loss = 14.5 > 17 - 14.5 = $2.5 risk
- RR or Reward to risk = 10/2.5 = 4
And besides volume and virgin territory, I also like the P&F RS chart which is giving a spread triple top buy signal (another strong sign).
   
We will see Undecided

PS I am trying to insert the printscreens in this post. I hope it works out (it doesn't show up in the preview) Blush


RE: US Stocks - Watchlist and Discussion (Premium) - Amedee - 2015-01-12

(2015-01-07, 08:52 PM)isatrader Wrote: My personal game plan with this one is to keep an eye on it until Friday, and then make a decision during the trading day as to whether I will put on a position or not. But it does look interesting so far this week.

Did you buy MIFI? I usually don't buy stocks less than $10, so I wasn't following it but it broke out... What a timing Angel


RE: US Stocks - Watchlist and Discussion - isatrader - 2015-01-12

(2015-01-12, 10:26 PM)Amedee Wrote: Thanks for pointing out about the opportunity costs. I re-read that part, interesting enough! In P&F charting they say you always have to look left (on the chart). That way you can see the resistance or support zones.
That's a point that, in my opinion, speaks in the advantage of DEPO. Apart from the volume, it enters 'virgin territory'. I mean, it starts trading above resistance zones so it could become even more interesting.

In other words, I wonder if the advantage of virgin territory doesn't compensate for the lack of volume. Weekly volume was of little meaning but daily volume was 1.795.029 in stead of 400.000 - 800.000... I wonder, can weekly volume pick up this week, because the breakout was near the end of the former week?
Another advantage is the price objective for DEPO which is $27. This gives us, when buying at $17, a RR of 4!
- PO or price objective = 27 - 17 (price bought) = $10 reward
- SL or stop loss = 14.5 > 17 - 14.5 = $2.5 risk
- RR or Reward to risk = 10/2.5 = 4
And besides volume and virgin territory, I also like the P&F RS chart which is giving a spread triple top buy signal (another strong sign).

We will see Undecided

Yep, it does have a lot of positives, and fits 80% of the methods criteria. So good luck with the trade.


RE: US Stocks - Watchlist and Discussion - shaunattwood - 2015-01-12

Amedee,
Loving your biotech selections, with big recent volume spikes like CLDX and INFI. BTK is storming ahead: definitely the bull sector.


RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-12

(2015-01-12, 10:55 PM)Amedee Wrote: Did you buy MIFI? I usually don't buy stocks less than $10, so I wasn't following it but it broke out... What a timing Angel

No am watching closely, as the price from when I first highlighted it last Tuesday morning moved over 20% higher and closed the week very strongly. So it was too extended to buy on Friday for me, and hence I'm now looking for a minor pullback in the next week or so to get in at a better level for my stop loss distance (see attached 2 hour chart with my target entry zone highlighted in blue). But if the strength continues, then I might need to have much more patience to wait and see what happens on the first significant pullback in the coming months.

The strongest Stage 2A breakouts can be tricky to get into, as they can stay extended for many weeks and then don't pullback much. So you have to be nimble once you see one that you think has the right stuff.

I prefer the small caps personally these days, and generally buy stocks in the $2 to $15 range, as I find they have a better chance of 100%+ move that I'm looking for, and mitigate the additional volatility of the smaller stocks with my ATR position sizing method, that I explain in my journal thread.