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

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LULU - Stage 2 breakout - isatrader - 2021-09-11

   

LULU made a Stage 2 breakout to new highs. You could make the case that it already moved into Stage 2 on the 23rd July. But there wasn't any volume uptick then and it only just committed above the top of the range, and so it lacked conviction at that point. Whereas this weeks breakout was on much more than 2x the average weekly volume requirement that we look for in the Stage Analysis method and came following a Power Earnings Gap (PEG) on Thursday to new highs after better than expected earnings results on Wednesday after the close.

So it now meets some of the higher quality criteria that I look for which is:
  • Stage 2 breakout from big base
  • More than 2x the average weekly volume
  • Relative Strength versus the S&P 500 outperforming
  • Relative Strength versus the Peer Group outperforming
  • No near term resistance
However, the peer group itself $DJUSCF Clothing & Accessories is still underperforming the S&P 500, and the Consumer Discretionary sector is also underperforming the S&P 500. So with the Stage 2 breakout it has improved from a Stage Analysis Technical Attributes (SATA) score of 1 to a 3. It's still 2 short of the maximum SATA rating, and so I would want to see that improve quickly.

   

LULU Stock Point & Figure Horizontal Price Target (Wyckoff method)

The Wyckoff method P&F horizontal count line is 13 columns with a 10 box size by 3 reversal chart. Which added onto the Base Low at 270 and the Last Point of Support (LPS) at 380, gives a target range of 660 to 770. Hence the potential Cause from the massive one year base is 55%+ from the current price level.

   

LULU Stock Annual fundamentals + future estimates

   

$MTCH - potential for Stage 2 breakout attempt - isatrader - 2021-09-11

$MTCH Potentially back in Stage 1 and approaching the top of the 38 week range on strong volume. So it is showing a change of behaviour following news of upcoming addition to the S&P 500.

   

SATA score of 2 currently as MTCH is outperforming the group & sector, but they are both underperforming the S&P 500. So would want to see some strong improvement in the group and sector too if it does make a Stage 2 breakout attempt. 

           

AMBA - Stage 2 - isatrader - 2021-09-11

$AMBA I highlighted the power earnings gap in the watchlist on 2 Sept https://twitter.com/Stage_Analysis/status/1433210858935619588. But AMBA has followed through strongly & closed the last few weeks on heavy volume and is back in Stage 2 with a maximum SATA score of 5, as it is outperforming the market and its peers, and the peer group and sector are also outperforming the market.

Monthly shows new all time highs. So I'll be watching for constructive backing up action to develop for further consideration. So setting an alert back at around 130 to notify if it starts to backup towards the top of the range.

           

$YNDX - Stage 2 - isatrader - 2021-09-12

$YNDX Stage 2 breakout on the 31 August. Now attempting a further continuation breakout from the tight consolidation. Big base on the weekly, so large cause, and strong SATA score of 4. But short term extended.

           

US Stocks Watchlist - 12 September 2021 - isatrader - 2021-09-12

For the watchlist from the weekend scans:

ABNB, ACTG, BMBL, FB, FIGS, KNBE, LULU, MTCH, NCNO, NVDA, OG, PLTR, PTON, PXLW, RBLX, SNAP, YNDX

For the individual daily charts go to the private twitter channel at: https://twitter.com/Stage_Analysis/status/1437133892683714564

   

RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts - pcabc - 2021-09-13

A few breaking out

I did not get around to positing these at the weekend.

AMRK:
       

ESEA:
       

GCACU:
       

LKNCY:
       

Monday 13th September 2021 - isatrader - 2021-09-13

Heavy start to the week for growth stocks. Energy leading on the upside

   
Stopped out of $SNAP at 70.87 for -4.09%

(2021-09-11, 12:54 AM)isatrader Wrote: $VIX closed above the 200 day MA, which has been close (within a day or two) to a swing low on the majority of times it's occurred this year.

$VIX volatility index lower and S&P 500 with an inside day so far.

   
$LOW from the watchlist continuing to develop within a tight 4% range following the strong volume spring in August. Currently testing the +1x ATR level and above the 21 day EMA.

Pivot 208.89

   
$SBNY up over 270% since November, and has been basing for five months in a fairly tight range. Watching for a Stage 2 continuation breakout attempt

           

$UPWK - isatrader - 2021-09-13

$UPWK returning to the watchlist as it's potentially in Phase C/D of its base with some recent spring type action & follow through under the 200 day MA, which it's now attempting to recover above. Weekly chart shows 29 week structure with SATA score rising from a 2 to 3.

If it fails to recapture the 200 day MA and 50 day MA and instead rolls over then it could instead decline and turn into Stage 4. But just adding it back to the watchlist for now to see if it can start to show some strength and hold above those key MAs.

Anchored VWAP year to date at: 47.91

       

Annual fundamentals + projections