(2013-07-20, 02:41 AM)anupam384 Wrote: Thanks for your insight. Seems like I missed the boat on this one too. I know every trader is different but still if you don't mind, could you let me and others know the scan that you run to find stocks that might break out and should be on our watchlist. The one that I use now clearly misses a lot of these breakouts and I catch them on the pullbacks.

I have an account at Stockfetcher and if you give me some parameters I can try to have a filter who would spit out some stocks for my watchlist.

(2013-07-20, 02:56 AM)isatrader Wrote:

(2013-07-20, 02:41 AM)anupam384 Wrote: Thanks for your insight. Seems like I missed the boat on this one too. I know every trader is different but still if you don't mind, could you let me and others know the scan that you run to find stocks that might break out and should be on our watchlist. The one that I use now clearly misses a lot of these breakouts and I catch them on the pullbacks.

I have an account at Stockfetcher and if you give me some parameters I can try to have a filter who would spit out some stocks for my watchlist.

The scan I use to find the daily breakouts and breakdowns in the S&P 500 looks for simple double top and double bottom point and figure breakouts using the traditional scaling method. I do this via stockcharts.com as it's a very simple one line of code scan on there, and I'm not sure if other services will be able to do the same as there are very few services that chart point and figure properly.

This then gives a basic list of all the breakouts and breakdowns in the S&P 500 which I post daily, which I then look through the charts of manually to see if any are suitable for the method.

You could get a similar result if you could code a way in your software to look for the most recent swing high, and then set it to identify any closes above that level. Which would then give you a small list to look through charts of manually, to see if any are suitable for the method.

(2013-07-23, 01:31 AM)anupam384 Wrote:

(2013-07-20, 02:56 AM)isatrader Wrote:

(2013-07-20, 02:41 AM)anupam384 Wrote: Thanks for your insight. Seems like I missed the boat on this one too. I know every trader is different but still if you don't mind, could you let me and others know the scan that you run to find stocks that might break out and should be on our watchlist. The one that I use now clearly misses a lot of these breakouts and I catch them on the pullbacks.

I have an account at Stockfetcher and if you give me some parameters I can try to have a filter who would spit out some stocks for my watchlist.

The scan I use to find the daily breakouts and breakdowns in the S&P 500 looks for simple double top and double bottom point and figure breakouts using the traditional scaling method. I do this via stockcharts.com as it's a very simple one line of code scan on there, and I'm not sure if other services will be able to do the same as there are very few services that chart point and figure properly.

This then gives a basic list of all the breakouts and breakdowns in the S&P 500 which I post daily, which I then look through the charts of manually to see if any are suitable for the method.

You could get a similar result if you could code a way in your software to look for the most recent swing high, and then set it to identify any closes above that level. Which would then give you a small list to look through charts of manually, to see if any are suitable for the method.

isatrader - You were right. I dont think I can code a filter that would look for breakdowns using P&F chart. Do you use the paid service of Stockcharts to get your breakdowns? And can I look for breakouts in different sectors as opposed to S&P using your method.

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Just wanted to post the stocks on my watchlist

Industrials:
MCP - Started to form a base after the Stage 4 decline
ESI - Started to form a base?

Medical:
VVUS: Started to form a base after the Stage 4 decline
EXEL: Forming a base since last year and a half
ITMN: Broke out a few days ago
RMTI: Still in stage 4 decline
HSP: Broke out a few days ago but Volume has not increased
CENX: Ready to break out?

Consumer Discretionary:
CVC: Forming a base since past 2 years
DWA: Broke out a few days ago and has pulled back
APOL: Started forming a base earlier this year after stage 4

Consumer Staples:
AVP: Ready to break out?

Quote:isatrader - You were right. I dont think I can code a filter that would look for breakdowns using P&F chart. Do you use the paid service of Stockcharts to get your breakdowns? And can I look for breakouts in different sectors as opposed to S&P using your method.

(2013-07-25, 04:45 PM)gbarbs Wrote: Interested in MY. Good entry? I poked around alternative energy, wind, solar, etc and this seems to be a sector having some breakouts out of stage 1. RS is a concern. Deep in negative territory but it increased slightly (almost level). But volume is so strong that I am willing to give it a chance because of that and the sector looks like it is breaking out.

(2013-07-25, 04:45 PM)gbarbs Wrote: Last I am watching JDSU. Set up a buy stop to try and catch it on a breakout. Same sector as ZHNE and EVC. Communications equipment. This looks poised with a nice base, RS is close to zero line, and the sector is taking off.