(This post was last modified: 2020-11-05, 07:18 PM by pcabc.)
RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
QCOM has gapped up gapped up 13%. Not much chance of catching that. Perhaps I might put in a limit order in case I can catch the bottom of an intraday shakeout at a good price. Otherwise it is too risky. I note that a number of semiconductor manufacturer's are on the cusp of making continuations. However, my own breadth calculations for this area are less than positive at present.
To clarify, the breadth looks fairly6 positive. However, it would have been better if the advance decline line had made a new high and if the Weinstein momentum was increasing.