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

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RE: US Stocks and ETFs - Watchlist and Discussion - pcabc - 2019-08-08

(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. ...

Yes, I've had a lot come up.  My recent technique of putting in buy limit orders after the breakout and hope to catch intraday pullbacks is useless mainly.  Further, if I had buy stop limit orders available I suspect they would not trigger as the stocks would gap above the limits I expect. So its all great but you can't get in at low enough risk. I did allow myself to enlarge a position in gdx a little higher than I normally would allow myself.  I suppose I will see if I regret that shortly.

RE: US Stocks and ETFs - Watchlist and Discussion - pcabc - 2019-08-09

(2019-08-08, 11:49 PM)pcabc Wrote:
(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. ...

Yes, I've had a lot come up.  My recent technique of putting in buy limit orders after the breakout and hope to catch intraday pullbacks is useless mainly.  Further, if I had buy stop limit orders available I suspect they would not trigger as the stocks would gap above the limits I expect. So its all great but you can't get in at low enough risk.  I did allow myself to enlarge a position in gdx a little higher than I normally would allow myself.  I suppose I will see if I regret that shortly.
My breadth charts for gold and silver miners.   For gold miners the advance/decline line has made a new high and silver is near doing the same.

       

RE: US Stocks and ETFs - Watchlist and Discussion - briansmith456 - 2019-08-09

WPM (gold and silver miner) just broke out through resistance and unlike most miners is not very extended from the weekly 10 sma.
Would be nice to see a back test of around the trendline hold -we may get that as they missed earnings but many silver miners have been missing earnings, going red on news and then buyers scooping them up.

RE: US Stocks and ETFs - Watchlist and Discussion - drasp - 2019-08-11

I put buystops on 3 positions for this upcoming week:
$USFD
https://www.tradingview.com/x/rhfKgB0t/
This one is a bit riskier due to the gaps, but if the gap fills I predict a pop.

$CEVA
https://www.tradingview.com/x/icPoD5xo/

$FWONK
https://www.tradingview.com/x/R89EkycO/

RE: US Stocks and ETFs - Watchlist and Discussion - briansmith456 - 2019-08-16

Most all the major miners (WPM, MAG, SSRM, etc) are pulling back close to their 10 SMAs on the weekly setting up nicely for entries.

RE: US Stocks and ETFs - Watchlist and Discussion - drasp - 2019-08-16

(2019-08-16, 07:04 PM)briansmith456 Wrote: Most all the major miners (WPM, MAG, SSRM, etc) are pulling back close to their 10 SMAs on the weekly setting up nicely for entries.

I got in on one of these positions today. Thanks

RE: US Stocks and ETFs - Watchlist and Discussion - briansmith456 - 2019-08-17

(2019-08-16, 11:00 PM)drasp Wrote:
(2019-08-16, 07:04 PM)briansmith456 Wrote: Most all the major miners (WPM, MAG, SSRM, etc) are pulling back close to their 10 SMAs on the weekly setting up nicely for entries.

I got in on one of these positions today. Thanks

The big miners have a similar look but the question is do they come back to just test the 10 sma (assuming they keep pulling back) or whether they come back to test the 30 ema roughly or even test the lower trendline. Isatrader may have some thoughts as knows much more than I do.

RE: US Stocks and ETFs - Watchlist and Discussion - isatrader - 2019-08-17

(2019-08-17, 10:51 AM)briansmith456 Wrote: The big miners have a similar look but the question is do they come back to just test the 10 sma (assuming they keep pulling back) or whether they come back to test the 30 ema roughly or even test the lower trendline. Isatrader may have some thoughts as knows much more than I do.

Personally, I think the thing to be aware of at the moment is the major market moves, as if there is a sharp down move, then the stocks that have had the most momentum recently tend to get hit very hard. As people are forced to liquidate positions that they might have wanted to hold, due to margin calls in their accounts. Which then has a knock on effect of driving stocks even lower. This is one of the reasons that down moves are much quicker. And also the momentum stocks attract the short term traders, and so they are less likely to hold the positions through a correction.

So what i'm saying is be aware of what the broad market is doing as well as gold and silver, as during the initial part of a pullback in the broad market. Everything tends to get hit. What you want to see is if the stocks you are watching recover quickly and hold up well under the market pressure. As then they might be a good position to consider buying as the market pressure subsides, and the weak holders have been flushed out.