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 - isatrader - 2013-12-11

(2013-12-10, 11:53 PM)Tryst Wrote: It is crazy all these bullish charts, yet on LSE the mining sector, esp. those on AIM are making new 52 week lows.

I you look at the weekly sector relative performance charts that I post for the UK sectors, you'll notice that currently only three UK sectors out of 38 are above their relative performance zero lines, and this has been mostly the case for the whole year with the UK under performing the US by a large degree. So it's very hard to find decent UK long picks currently.

(2013-12-10, 11:53 PM)Tryst Wrote: a type of pattern that Weinstein has mentioned in his book, and touched on in a few interviews...stocks with saucer bottoms. Two from LSE are below, both mentioned here, but i have zoomed out a bit. Notice the slight pick up of volume on the right-hand side of the saucer as the prices start to rise slightly.

You need to change you scale type in the price settings to "Logarithm scale" as it's hard to see the price action in the bases after long declines using standard scaling, as you'll see on the attached same charts, they both had fairly sharp bases on the standard weekly charts, although you are correct that over the very long term they show more curved bases.

       

RE: Watchlist - Investor method - isatrader - 2013-12-11

Coal has been one of the strongest sectors over the last five days, and there are a number of stocks already in Stage 2 advances which you should look at if you are interested in the sector, as the method is about buying the strongest stocks. But I thought I'd highlight that a few of laggard stocks are now in Stage 1 again, after failed Stage 1 bases in late 2012 - ANR, ACI and BTU.

           

Also, the sector chart Dow Jones US Coal Index ($DJUSCL) is also in Stage 1 currently, which can be traded by the KOL etf, although you'll note from the attached performance chart that it's tracking is not very accurate and it has underperformed the coal index by over 10% in the last 200 days.

       

So the Coal sector - which is the only negative Energy sub sector over the last year - looks to be making another attempt at basing, and so is an area to watch for a potential move into Stage 2, as the relative performance on the sector chart is much closer to it's zero line this time, and a Stage 2A breakout above the November swing high would also nudge it just above the weekly Ichimoku cloud resistance, which is much thinner here.

   

RE: Watchlist - Investor method - isatrader - 2013-12-11

Staying with the Energy Sector - Pipelines ($DJUSPL) has been forming a Stage 3 top over the last six months or so and is attempting to breakdown into Stage 4A this week, although it's still be above the June low currently, which could be technical resistance for it. Relative performance has been trending down for over six months and the 30 week moving average is turning down also. Attached are the sector charts.

RE: Watchlist - Investor method - Red1324 - 2013-12-11

In Financials I see Diversified Reits breaking down into stage 4 recently. As for specific stocks I have attached the ones I am looking at currently that are in stage 3 and possibly going to break resistance/long term trend lines soon.

   

RE: Watchlist - Investor method - isatrader - 2013-12-11

(2013-12-11, 03:08 PM)Red1324 Wrote: In Financials I see Diversified Reits breaking down into stage 4 recently. As for specific stocks I have attached the ones I am looking at currently that are in stage 3 and possibly going to break resistance/long term trend lines soon.

Thanks, I thought no one was going to say anything to my post the other day about the sectors people are looking at. Have a look at the other REIT sectors as well, as the majority are in a similar position to the Diversified REITs.

RE: Watchlist - Investor method - Red1324 - 2013-12-11

Here are some Pipeline stocks that are in my watchlist for longer term shorts: BPL, DPM, ENB, GEL


Quote:Thanks, I thought no one was going to say anything to my post the other day about the sectors people are looking at. Have a look at the other REIT sectors as well, as the majority are in a similar position to the Diversified REITs.


Funny thing is I was going to make a post yesterday about Coal and pipelines as possible plays but just didn't get to it. Good thing I saw you make the post before I started to work on mine.

RE: Watchlist - Traders method - isatrader - 2013-12-11

PLAB is attempting to make a Stage 2 continuation move today against a weak market and is showing good volume relative to it's daily average.

RE: Watchlist - Traders method - isatrader - 2013-12-11

CORT is attempting to make a Stage 2A breakout and today closed above it's July swing high on around two times the average daily volume. Relative performance is above it's zero line, but it's still within fairly broad ichimoku cloud resistance on the weekly chart and weekly volume is still below average currently. So not an A+ setup, but it has some of the key ingredients that we look for. Attached is the charts.