[isatrader]

Interested in MY. Good entry? I poked around alternative energy, wind, solar, etc and this seems to be a sector having some breakouts out of stage 1. RS is a concern. Deep in negative territory but it increased slightly (almost level). But volume is so strong that I am willing to give it a chance because of that and the sector looks like it is breaking out.

I've attached my weekly chart of MY for you, which uses a log scale and has the zero line (52 week RS moving average) on it. It broke above the zero line in May, and as you said volume has been very strong since then, so i'd personally rate it as Stage 1 or 1B as the technicals are improving and it's developing an expanded Stage 1 base after the initial failed Stage 2 breakout attempt earlier in the year.

   

Last I am watching JDSU. Set up a buy stop to try and catch it on a breakout. Same sector as ZHNE and EVC. Communications equipment. This looks poised with a nice base, RS is close to zero line, and the sector is taking off.

Attached is the weekly chart of JDSU, which shows that this moved into Stage 2A in December 2012 imo, and has pulled back and slowly moved higher again since then. The relative performance line is above the zero line, but is pulling back close to it and volume has been below average, so you'd want to see a Stage 2 continuation move above the February highs to make this one more interesting imo.