[isatrader]

$NI has an interesting long term monthly chart with a massive 2 year cup and handle pattern breakout after moving over a 1000%+ from the 2009 low. So it might be a slow mover in the utilities sector, but has shown in the past that it can move well and a 3.05% dividend.

               

[isatrader]

$ATCO from yesterdays watchlist ,following through with the local pivot breakout today, and double top breakout on the P&F chart. Extended in the short term now. One to watch on a pullback to see if the price and volume acts right. i.e. contracting price spread & volume.

               

[isatrader]

$BCC from yesterdays watchlist with the strongest move today and following through with the Stage 2 continuation breakout to new highs from a 38 week Cup with Handle / VCP type pattern.

   

[isatrader]

➜ For the watchlist from Wednesdays scans:

AA, ATI, CHD, CL, CPRI, EA, EMR, EXC, GATX, GOOGL, MGI, MTDR, NI, NTR, OVV, OXLC, PG, QCOM, RTX, SMCI, TRV,

For the individual daily charts go to the private twitter channel at: https://twitter.com/Stage_Analysis/statu...8478693383

   

The major indexes continued to grind higher today with a continued shortening of the thrust. But with heavy after hours earnings moves in the likes of FB (down over 20%) the indexes could come under pressure again and start a test of the Automatic Reaction (AR) that we've had.

   

[isatrader]

Coal stocks from the watchlist following through strongly so far today with the strongest group RS - $AMR, $HCC, $ARCH, $METC, $BTU etc

               

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As I talked about in last nights video. With FB earnings hitting the market hard after hours yesterday and many stocks approaching declining short term MAs. Probabilities are increased that we would have a Secondary Test (ST) back towards the recent local Selling Climax (SC).

So focus today was on defense on the long side and if shorting on the weakest areas such as already beaten down growth stocks.

The depth of the pullback relative to the recent Automatic Rally (AR) will tells us more about the strength of the market.

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Here's the Nasdaq Composite chart to help show what I'm referring to, with the local Selling Climax (SC) and Automatic Rally (AR) marked up, which is the start of a potential base structure (Phase A) on the daily timeframe. But obviously could still fail to develop into a base.

   

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$JOAN from the watchlist continues to form its primary Stage 1 base since the IPO. The declining structure is a sign of weakness & still forming below the 200 day MA. But signs of a change of behaviour since the Shakeout in late Nov/early Dec, with higher lows and higher highs.

   

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$AMZN initially gapping up in the after hours on earnings

$BILL also gapping higher in the after hours on earnings, above the 2nd February pivot high and into the 200 day MA.

   

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$SNAP with a monster move from 24.5 to 34 in the after hours on earnings. Putting in a potential Selling Climax (SC) in its Stage 4 decline.

   

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$U also gapping higher in the after hours on earnings

   

[isatrader]

$CNC from the watchlist with an intraday Stage 2A breakout attempt on the 2 hour timeframe. But note it is the early Stage 2 backup area on the major weekly chart.

               

[isatrader]

It looks like Interactive Brokers have added an ISA finally. So might be worth looking if you trade US stocks from the UK. 

https://www.interactivebrokers.co.uk/en/...hp?f=50549

FX Handling
IBUK will automatically convert currencies when trading non-GBP denominated securities. To do this, IBUK will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceed of a sell order. IBUK will base the exchange rate off the spot exchange rate at the time of trade 0.03% fee.


Here's a referral link if you want to get an interactive brokers account: https://ibkr.com/referral/david274

[isatrader]

$DXC with an Earnings Gap Significant Bar today