Blog

This week saw a number of major stock market indexes attempt to breakout to new highs. However, only the Nasdaq indexes managed to breakout and hold to the end of the week.

The daily point and figure double top breakouts and double bottom breakdowns in the NYSE and Nasdaq Stock Market. +196 net breakouts - breakdowns for the week

A smaller list than usual on Monday, with a potential Stage 2A breakout and a few stocks with potential to make Stage 2 continuation breakout attempts this week.

A regular look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc...

For the watchlist from the Thursdays scans of the US stockmarket - SMAR, BZH, DB, DDOG, DESP, HIMX, OKTA

A big list for the watchlist tonight from Wednesdays scans with a few Stage 2A breakouts and multiple continuation breakouts - AGEN, AMX, AVY, CGEN, DOCU, DT, ENVA, EVBG, FB, GE, GRWG, IMGN, IR, LFVN, LM, MDB, NSC, OPB, RDNT, RMBS, SEAC, TNDM

For the watchlist from Tuesdays scans - AVRO, MELI, SQ, TPX, TWLO

Use the Key Market Breadth Indicators to time the market

Updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns. -18 net breakouts - breakdowns for the week

Large declines in Oil and Copper this week with Oil moving strongly below its 30 week MA, with stocks having a negative week. While Gold is attempting to make a Stage 2 continuation breakout.