(2019-08-05, 10:45 PM)pcabc Wrote:

(2019-08-05, 10:29 PM)drasp Wrote: hello guys, I'm new here. I wanted to share a couple breakouts I like, along w/ good earnings. I know that fundamentals don't matter w/ weinstein but it never hurts.

MTZ
https://www.tradingview.com/x/LERMC5Bv/

MEDP
https://www.tradingview.com/x/DwQjXiol/

Nice breakouts, but not a good time with the wider markets being the way they are.

With the various gaps up and down in MEDP I'd wonder if that were a bit risky?

(2019-08-05, 10:51 PM)drasp Wrote:

(2019-08-05, 10:45 PM)pcabc Wrote:

(2019-08-05, 10:29 PM)drasp Wrote: hello guys, I'm new here. I wanted to share a couple breakouts I like, along w/ good earnings. I know that fundamentals don't matter w/ weinstein but it never hurts.

MTZ
https://www.tradingview.com/x/LERMC5Bv/

MEDP
https://www.tradingview.com/x/DwQjXiol/

Nice breakouts, but not a good time with the wider markets being the way they are.

With the various gaps up and down in MEDP I'd wonder if that were a bit risky?

MEDP does have a distribution looking chop on its way to the 30MA, w increasing volume on the drops. I remember one of stans sayings in his books where he says "a stage 3 can have a powerful rally after a breakout." So I just took a small position w/ really tight stops. A gamble I guess.

(2019-08-05, 10:15 PM)isatrader Wrote: For the watchlist from Mondays scans, which again was dominated by gold stocks today - AKG, BLDP.TO, CD.V, EXK, FSM, GFI, SA, SAND, VGZ

(2019-08-01, 12:30 PM)shaunattwood Wrote: I recommended Twitter a few months ago TWTR which has now done a continuation break out on high volume
however MACD indicator for the US markets in general has done a bearish crossover, so things might slip and slide a bit
re-weed companies, looking to layer into CRON & TGOD at these levels in advance of a year end rally

(2019-08-07, 11:31 PM)isatrader Wrote: My daily scans remain littered with Gold and Silver stocks too numerous to bother posting, as they continue to make new highs and continuation moves. Low risk entry points have been hard to come by though, unless you managed to catch the continuation breakout in late May / early June in Gold, after the pullback to the 30 week MA. It is a good example of how fast Stage 2 continuation breakouts can move if there's strong volume coming into a sector., and what is known in the method as the "Forest to the Trees" approach. See page 75 in the book.

Attached is the Gold / S&P 500 ratio for a long term view of whether the relationship is tipping toward gold over stocks. If it completes the current monthly new high above the 30 month MA, it will be the first breakout since the gold bear began in 2012.

(2019-08-07, 11:31 PM)isatrader Wrote: My daily scans remain littered with Gold and Silver stocks too numerous to bother posting, as they continue to make new highs and continuation moves. Low risk entry points have been hard to come by though, unless you managed to catch the continuation breakout in late May / early June in Gold, after the pullback to the 30 week MA. It is a good example of how fast Stage 2 continuation breakouts can move if there's strong volume coming into a sector., and what is known in the method as the "Forest to the Trees" approach. See page 75 in the book.

Attached is the Gold / S&P 500 ratio for a long term view of whether the relationship is tipping toward gold over stocks. If it completes the current monthly new high above the 30 month MA, it will be the first breakout since the gold bear began in 2012.