[isatrader]

Thanks for your insight. Seems like I missed the boat on this one too. I know every trader is different but still if you don't mind, could you let me and others know the scan that you run to find stocks that might break out and should be on our watchlist. The one that I use now clearly misses a lot of these breakouts and I catch them on the pullbacks.

I have an account at Stockfetcher and if you give me some parameters I can try to have a filter who would spit out some stocks for my watchlist.

The scan I use to find the daily breakouts and breakdowns in the S&P 500 looks for simple double top and double bottom point and figure breakouts using the traditional scaling method. I do this via stockcharts.com as it's a very simple one line of code scan on there, and I'm not sure if other services will be able to do the same as there are very few services that chart point and figure properly.

This then gives a basic list of all the breakouts and breakdowns in the S&P 500 which I post daily, which I then look through the charts of manually to see if any are suitable for the method.

You could get a similar result if you could code a way in your software to look for the most recent swing high, and then set it to identify any closes above that level. Which would then give you a small list to look through charts of manually, to see if any are suitable for the method.