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

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RE: Watchlist - Traders method - Tryst - 2013-11-01

Thanks. I'll check out the the silver service offered by ADVFN when I do another chart review in the coming weeks

RE: Watchlist - Investor method - Lplate - 2013-11-02

Against stockmarket trend, Breakdown example on a UK stock industrial lighting company Dialight DIA.L p/e 26 http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=13364 http://uk.finance.yahoo.com/q?s=DIA.L break down 1250, then for sure at 1100 t 1,000 or 700 with stop above 1220 http://tinyurl.com/qgwvwvs ideal to look for retest at 1200 also to add more.
Sorry - been not well for a while - will try to contribute again.

RE: Watchlist - Investor method - isatrader - 2013-11-02

(2013-11-02, 12:13 PM)Lplate Wrote: Sorry - been not well for a while - will try to contribute again.

I'm sorry to hear that. I hope it's not too serious and that you are on the mend.

RE: Watchlist - Traders method - theory6453 - 2013-11-02

I was browsing the OptionsMonster sub-groups chart the other day and saw that the Education Companies group is up 20% over the last 3 months. As I dug into the group a bit more, I found EDMC. EDMC got pretty battered in 2012 but has made a strong comeback in 2013. If there were a pullback sometime in the next coming weeks, it might be ripe for a move higher on a Stage 2 continuation. The indicators that I look at look positive for this one. The main negative thing that I found was that it is trading below the Bearish Resistance Line on its P&F chart.

Wanted to get some feedback from the group...

RE: Watchlist - Traders method - isatrader - 2013-11-02

(2013-11-02, 06:36 PM)theory6453 Wrote: I was browsing the OptionsMonster sub-groups chart the other day and saw that the Education Companies group is up 20% over the last 3 months. As I dug into the group a bit more, I found EDMC. EDMC got pretty battered in 2012 but has made a strong comeback in 2013. If there were a pullback sometime in the next coming weeks, it might be ripe for a move higher on a Stage 2 continuation. The indicators that I look at look positive for this one. The main negative thing that I found was that it is trading below the Bearish Resistance Line on its P&F chart.

Wanted to get some feedback from the group...

With regards to the point and figure charts, you've set your box size at a fixed size of 0.5pts per box which is why you are seeing a higher bearish resistance line than you should be as on the traditional chart, the box sizes changes at various pre determined points. So with regards to this stock at Price Range 1.01 to 5.00 the box size is 0.25 per box, and at Price range 5.01 to 20.00 it is 0.50 per box, and at Price range 20.01 to 100.00 it is 1.00 per box. Which brings down the bearish resistance line significantly as the trading above 20 is at 1pt per box.

   

Another very useful scaling method that I prefer to use is percentage based. I calculate the percentage to use from the 20 day ATR figure. So for example on EDMC the 20 day ATR was 0.69, so I minus that from the current price of 14.58 and then divide the result by the the current price, and then minus by 1 to get the percentage - which in this case was 4.73 percent. So I change the setting from Traditional to Percentage and enter 4.73 in the box. Which gives you the following chart.

   

Final chart is the relative performance chart versus the other stocks in the group. I've left out the three weakest as you can only put 6 indicators on the chart, and being the weakest you can ignore them. As you can see it's been outperforming most of the sector for the majority of the year, and you are starting to see some fresh Stage 2 breakouts in the group from CECO and APOL, so the sector is improving overall, so it's worth watching how it reacts over the next month or so if it is starting to pullback following the recent run ups.

   

RE: Watchlist - Traders method - theory6453 - 2013-11-03

(2013-10-06, 06:59 PM)theory6453 Wrote: My pops thinks FNMA is a Buy and poised for another major move. I think it’s possible it could make a Stage 2 continuation move but I’m not 100% convinced so I thought I would throw it out to the group…

Pros:
Mortgage Finance in strong Stage 2
2x avg volume – last week’s volume was 104M shares compared to 50M 4-week average
MA- Rising and Above 30-week Avg
Relative Performance – Rising and Above Zero Line
No Overhead Resistance
Stochastics moving upwards

Cons:
Financials Sector – has not broken MA but also did not clear previous highs – possible Stage 3A
P&F Chart is Bearish – Price Target = $0
Highly volatile

It looks as though it broke thru its upper resistance last week but then closed just under it. I’m thinking if the volume continues to be good and it can clear $1.55-$1.60, I might buy in for a SMALL position.

Curious to hear what others think…

I never did take a position in FNMA since I posted about it last month but wishing I had now as it is up 54% since then. Looks like it still may have some upside potential and I may reconsider taking that position on the next pullback.

RE: Watchlist - Investor method - goodtyneguy - 2013-11-03

(2013-11-02, 12:22 PM)isatrader Wrote:
(2013-11-02, 12:13 PM)Lplate Wrote: Sorry - been not well for a while - will try to contribute again.

I'm sorry to hear that. I hope it's not too serious and that you are on the mend.

+1

Focus On: Household Goods and Home Construction (NMX3720) - isatrader - 2013-11-03

Household Goods and Home Construction (NMX3720) was the UK sector with the biggest change in relative performance over the last month http://stageanalysis.net/forum/showthread.php?tid=1&pid=2125#pid2125 recovering back above it's rising weekly zero line after a period of consolidation and under performance over the summer.

The sector is now near the top of it's Stage 3 range and a few of the individual stocks have made continuation moves RDW-L and CRST-L, while the majority of the rest are still in Stage 2 consolidations or Stage 3 ranges, so there's potential for some Stage 2 continuation moves.

Attached the charts of the sector and the stocks in Household Goods and Home Construction sector (NMX3720)