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Tommy, Author at GTLackey's RPM

Author Archives: Tommy

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November Nuances

We all know November is often seen as a very important month in the finance world. Why? Well, probably not because it is the month I was born (other than to me); more importantly in the finance world, it is when the best period for the markets begins.  The stretch runs from November to April with the 1st half of those usually the stronger segment.  The seasonality we see there has been going on for a long long time, but as with any type of seasonality, it is not infallible and often gets trotted out to prove a narrative versus just being used as one data point to factor in.  This year alone we have seen many holiday seasonality norms turned on their heads like happened Thanksgiving week, only to rebound shortly after while many sit disappointed and miss the opportunity.  This is not mentioned to shame anyone, but instead to point out how hard this market actually has been this year.  So if you are having a tough time, keep at it and work your opportunities the best you can and keep an open mind.

November in the markets didn’t disappoint this year as the month started off weak in continuation of October.  Shored up the breadth picture during the middle of the month, and then ended with a strong move off the lows.  It was not just a very volatile month, but it also felt important in a few ways we will discuss below. I apologize for the length of the post, but I am going mix both the top down view along with some breadth figures to add to the argument.  I will also try to address both the bullish and some bearish arguments based on what I am seeing in these charts  So, lets jump right in and start with a top down view of the markets.

TP Monthly Longer Term

Starting with a long term Monthly chart going back to 2008 before the large trend started zooms out enough to put the latest run and correction in context.  So far it has been a sharp drop registering with some of the larger ones we see on the chart, but overall it still sits in a strong RSI bull range and above rising MA bands with the longer term uptrend shaken, but intact.  RSI had gotten elevated as priced extended further from the MA bands which came to an abrupt end in October and early November.  The swiftness and severity was in some measures hitting extremes rarely seen, while others didn’t even get stretched or tested. Yet during this the sentiment certainly got tested with heavy rhetoric on both sides.

TP Monthly

Zooming in a bit on the Monthly we can see the tails are present with this months Doji or harami suggest the selling pressure is waning, but no confirmed reversal showing yet.  One really rough month (and maybe a half) could be it for now if buyers can continue to push back in.  I mentioned early October I was expecting a short and sharp correction this time since the one early 2018 became drawn out for months. While I was wrong on when it would begin (not helpful), we might be seeing that play out here still.  At the depths, in mid November during the retest with the fear palpable, this scenario also got tested, but remained a viable scenario.  Now we are seeing long tails, potential candle reversal patterns and RSI positive reversals set up after working off overbought readings quickly.  A confirmation candle is needed for the reversal candles, but the stage is set.   Longer term charts should carry more weight and should be respected until disproved or negated. This market could certainly go either way still (and likely could test those tails a bit more sometime in December) which is why we should be on guard for a failure.  However, if this were a daily chart with the same look, I would be seriously considering as a reversal candidate.  It’s not a daily candle, and I don’t want to wait a month before making any more decisions, so lets keep working down a level at a time.  The weekly view shows a little more detail in the battle going on.

TP Weekly

Above we see all three had moved below the MA Bands while RSI lost 40 and moved out of the bull ranges; both are bigger negatives for the intermediate time frame.  Since going under those a over 6 weeks price found a low and got rejected by the MA bands on the first trip back to test the underside of them.  After that rejection, we then held the lows (for the most part) while RSI and CFG momentum indicators have began to improve.  $QQQ made a lower low, but recovered that quickly this week.  $SPY put in a tight RSI positive divergence right near the 40 level as we closed the week.  Again a mixed picture; the momentum indicators are in a spot we could expect more improvement from here, but until we get back above the MA bands and then over 60 on RSI  these moves higher are still suspect.  We closed the week in the MA bands which are close to the top of the small ranges we formed as the markets retested the lows.  Below we look at the 1st breadth chart showing the New High, New Low Differential provided some support to the successful retest idea.

New High New Low Differential

These breadth chars are shown on daily data using $VTI Vanguard total market index as the price component.  It shows the stronger increase in new lows and drop in the differential into the October move lower, but as we moved back down to restest in November those new low numbers we substantially reduced.  Even if not an official divergence, this large reduction is a net positive for the market internals at a tough time.  I do need to note that this charts is still showing 2 of 3 sell signals as the moving averages remain below zero, but are moving up some after the recent strength.  The NHNL itself turned positive late week, but still not strong positive readings, which is similar to other longer term breadth readings which are just not reacting much yet.  The MA Breadth chart also shows the lack of movement in longer term measures, but the shorter term started diverging into the original October lows and never even got close to those lows in November suggesting participation was ready to start improving and help support the reversals.

Moving Average Breadth

Back to the Daily TP Chart below we can see that bounce started slow and then kicked in Wednesday with an 80% up day as price put in a very strong candle.  Even better, the next day we didn’t see it all and more given back.  Most recent rally attempts have been met quickly with heavy sellers which didn’t happen at the end of the week.  A notable change in character.  From an RSI perspective though, the daily view is in a RSI bear range and below the MA bands and hasn’t made a higher high, so other than the positive divergences, this level is still somewhat questionable and needs to be on watch for how it digests the recent move.  Soon we should see it either consolidate these gains or see an resurgence in sellers that cause another failed move which is exactly what market bears feel we are set up for sooner than later.

TP Daily

Now on the bullish side, some are also already calling for double bottoms, but we won’t know that until we see how a test of the middle peak goes, which is also likely to be near where RSI will reach the 60 level.  Over it and we get a higher high, confirmed double bottoms and RSI bull range shifts.  I see that resistance as a big key to how the end of the year shakes out, but we may also have to deal with a some earlier resistance here at the MA bands.  With the price action improving, but not over the hump yet on the daily time frame, we look back to the breadth side with the McClellan chart.

McClellan Chart

As most of you know, McClellan Summation is one of my favorite intermediate breadth indicators and when coupled with Oscillator divergences at extremes, it can be very hard to beat.  Well, that combination came during the 1st lows in October.  It was one of the big reasons we stuck with the retest idea in November and didn’t get too far into the falling off a cliff mantra that was going around.  You can’t ever know if a signal is going to work or fail, but Oscillator divergences from extremes don’t come along that often and when the Summation is below zero their efficacy goes up.  It also helped that the Summation Index barely budged on the November trip back toward the lows.  Under the surface strength showing up in the breadth numbers here adding some support to the intermediate term view as the daily charts try to shore up.

TP 65 Minute

Our final chart drops down to the 65 minute time frame which is the lowest on the totem pole, but also has turned decidedly bullish over the last week.  This chart cleared the MA bands, turned them up and shifted to RSI bull ranges during this week.  We are even seeing price holding up well as the RSI & CFG indicators work off their overbought readings and fire new RSI Positive Reversals exemplifying strong price momentum  that is not waning here yet.  This is the first time frame we watch for character change in the markets and we did see that over the last week, now let’s see if it has enough staying power to move up and help shift the daily, then weekly, then possibly monthly charts back into their own RSI bull ranges.

It is pretty easy to make an argument here for both the markets to continue higher and eventually retest the old highs from late Summer or for sellers to re-assert themselves into resistance, make another lower high and then push to new lows.  After the October drop, there are many that are looking for the latter scenario, and we need to be ready in case we do start to see buyers fizzle out here soon, but don’t count them out just yet.

Good Luck and I hope this helps!

If you like what you see, follow me on StockTwits or Twitter.
(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

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Apple in the Carnage

Of course, Apple stock $AAPL gets plenty of coverage in the markets so usually it is well enough left alone, but looking through charts this weekend it struck me how well it held up during the recent waterfall, so I wanted to look closer.  Let’s look at 6 charts, 3 daily and 3 weekly that paint a decent picture of opportunity in $AAPL here if the markets can expand on this bounce.  There is even a chance for a new breakout if it gets enough momentum off these lows.  As with any trade plan you need to accept the risk plan before you start and structure things accordingly, which also sits pretty well here just a under 5% below current levels if generous, and a few spots to go even tighter.

Starting with the weekly charts we can see that the up trend line off the April lows while steep did hold on 1st approach this week. The bounce off the lows was enough to just keep the close in the upper STDev channel which is your sweet spot.  It is a little shaky though when it penetrates that much intra-week, but lets see where it goes. Overall the Bollinger bands are still rising and even potentially expanding, so it doesn’t look there was much price damage in the name by the end of the week.

We did see a good amount of volume this week showing the battle that took place. On the next chart you can see that volume surge better and fall in the  weekly OBV, but that indicator is still holding above the May breakout zone. While we are on volume, you can see this action happened near the bottom the VaP zone signified by the red line across the chart which also happens to be the bottom of the congestion zone and where the 13ema (yellow) showed up this week.  Apple ended closing not only above the 13ema, but made it all the way back above the 8ema both of which continue to rise as do most other moving averages on this chart.

Looking here, it seems pretty clear if we lose around 214 on weekly close it opens up the Kirby (volume vacuum or pocket) down to 190 area and then 170ish after that, so we don’t want to start that potential for a cascade.  It would be better to hold up here and not tempt things. The final weekly chart is the Cloud chart which is also continuing to point higher and not narrowing for now, but note the cloud support here a good bit lower.  It is not going to help all that much in the short term other than if the selloff continues and then we can look for longer support probably closer to that 190 areas unless it is an all out collapse, but not seeing signs of that here.

As we drill down to the daily we can see more about how this could potentially be traded and what levels look important. We start with the RSI chart which shows the daily held the RSI bull range low level of 40 almost exactly adn turned higher on Friday.  This is a solid start and was after Thursday’s high volume inverted hammer that stopped right at where I put the range low here.  Friday it gapped up and held onto those gains into the end of the day.  This also helped flatten the MACD and potential for a turn. Volume was not higher than Thursday but still over the 10day average on this chart

Moving into the volume indicators on the daily view below you can see the OBV is bouncing off the September lows as price test the red line that marks the last big VaP bar before the vacuum starts that goes down to around 208 and then and even larger VaP vacuum (definite Kirby) to the largest bar around 190 which is all the way back at the 200sma roughly 15% lower.  Along the way you have a gap near 210, which is why I thought that might be a decent close under stop for Intermediate to longer term trades in case this works.  And if you are a faster trader you could use a close under in the 216.5 zone just under the line with a hard stop below Thursday’s lows to prevent any big damage.

Again, it is not our goal to see the lows taken out since our trade plan is for it to hold here and move back higher, but there is an opportunity to flip into puts or short if we do start losing them. Ultimate goal if that were to happen would be the big gap down at 190 with the VaP bar right there to provide some support, but let’s not get ahead of ourselves here.

One final piece of support is the daily cloud chart where price stopped right at the top of the cloud in Wednesday’s big candle, gapped down below it Thursday and put in a doji before reversing Friday with a gap back higher out of the cloud.  This looks like a strong exit from the cloud and favors continuation at least in the short term.  Many like to look at the bottom of the cloud for support which is currently around 206 and rising under price pretty well.  So if we hold up a few more days it could be used as a close under stop for those who are watching daily.

I was prompted to look closer at $AAPL and other mega caps like $AMZN $FB $GOOGL and a few other from a conversation about leadership on social media. Which of all these start falling hard, it will definitely be a difficult weight to overcome, but not impossible. Currently,  the others look good or bad on their own characteristics, but $AAPL caught my eye as a fairly tight technical setup with multiple good stop areas for various trading styles; and a pretty good list of positive price action in the last couple of days during the markets swoon.  It is a name that is not particularly expensive when it comes to earnings metrics and Its options flow did get a couple of call sales in the last few days that put resistance above near 130 and 135, there is plenty of bullish notable call flow sitting from the last few months that can help fuel any breakout if the failed break down does propel this thing higher.

$AAPL may have paused over the last 6 weeks or so, but I have a hard time saying this one has lost its longer term trend or even leadership in tech over the this time period.  However, if (very big IF right here) we start breaking these levels I am fine changing my mind and think it could (but doesn’t have to) weigh a good bit on the markets as a whole due to size, so a quick short or put play here could work well.

Good Luck and I hope this helps!

If you like what you see, follow me on StockTwits or Twitter.
(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

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Running Down the Triple Play

Pretty easy to see I don’t find much time to blog these days, but I do like it when Month or quarter end come at the end of a week as well.  It makes it easy to start at the top time frame and work our way down the charts to get an idea of where we currently are in the broad markets these follow both individually and in relation to one another.  August ended Friday so we will start with the Monthly charts this time.

It has been a while, so for a quick refresher on these charts check out RSI Chart Explained

Monthly

The monthly trend remains strong after pausing the 1st half of 2018, but now looks to be on the march again.  The RSIs are at or near 80 which should have us alert to changes and are likely to see more volatility up here, but they are not a sell sign in themselves.  I did read someone talking this week about selling once RSI moved over 70, and I couldn’t disagree more, especially on a time frame as long as monthly.  Indicators are for information and alerts price is better suited for actual signals.  It is good to see how this charts is moving and keep it in perspective that things are getting elevated but also moving in a strong trend at the moment.

Weekly

The weekly charts shows the strong trend on this level coming off the Winter pullback/volatility we saw. Coming down to this level you can see that the battle was fought and won by the bulls and we are in the midst of the extension that followed.  Currently the RSIs are  pointing higher but not particularly elevated.  CFGs are nearing the 100 level which is where we start paying more attention, but they can move all the way to the 140-150 level if things get goofy, so 100 again isn’t particularly out there.  $IWM $QQQ are well above their January peaks, but $SPY is just know moving above its level.  This has us on what for a failed breakout at this level which could usher in the seasonality everyone is talking about.  Especially with August being strong, the next drum beat has to be a ugly September and October.  I don’t think it has to happen as many do, so I am keeping my eyes open for an extension higher that keeps everyone off guard; but I do think it would be a decent scenario to see some weakness between Mid September and the elections to allow the markets some digestion time and maybe even a few backtests to strengthen the support zones below.

Daily

The Daily level looks set up more similar to the weekly charts.  Nice pattern breaks recently and a new leg higher. $IWM was the most defined and worked great after finding higher lows at the MA bands 3 times it finally went out the upper rail.  $IWM also finished the month on a strong note.  $SPY $QQQ ended in small consolidations right at the highs.  Nothing to get bearish about, but more digestion would be fine here as long as it stays contained.  While not fearing seasonality, it can be used as a piece of evidence to help guide and potentially adjust things like position sizing and stop placement during a slow period.  Again, we see the CFGs are at or above 100, but can stay up here a while or put in divergences before seeing a larger price top.  Worth noting again, multiple divergences are not uncommon on the upside, so making sure you have some other confirmation is a good idea.

65 minute

The 65 minute chart is the Intraday charts I use most and post when looking at market direction.  If trading very short term, then 5, 15, 30 minute might be worth a look, but they don’t really add value in this kind of analysis very often.  The current 65 min charts are all still in RSI bull ranges with mixed positioning to start the week.  $SPY $QQQ are digesting the strong recent runs since mid August. $IWM is moving too, but in a much more sloppy fashion.  It broke out strong mid August, but has been a battle ever since.  This was another place many were looking for a failed breakout the whole way and every time they felt like they might be getting a foothold, buyers showed back up and pushed $IWM back to highs. A quick look at it’s RSI shows the grinding nature of this move and also gives a good example of why we use RSI Range Rules instead of overbought/oversold signals.

This is just a quick review of how I see the markets going into the current week.  I also see strong breadth underlying these price charts which adds confidence to what we are seeing on the price charts.  This could certainly take a turn at any time change my view along with it, but as we sit now, markets are a leg that started in later July or early August and could persist a while if these dynamics remain in place.

Good Luck and I hope this helps!

If you like what you see, follow me on StockTwits or Twitter.
(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

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Triple Play Mid Year Review

Once again we have one of those fun quarters where the dates line up on a weekend and we can take a top down view of how things stand. Those who follow my Triple Play Charts regularly on Stocktwits and Twitter know this as one of the momentum based trend gauges we use to guide us through the markets.  I post the same two charts every day which on one hand can get monotonous, but I feel the consistency keeps us updated on the ever changing view of the markets while also helping teach us the personality traits that can give clues in the future.  These periodic posts allow us to stack multiple time frames to get a sort of macro view from a technical perspective of the markets.

(for those new to these charts you can learn more about them here and here)

Quarterly (Index)

The Quarterly charts are made up of Indice since the ETFs don’t have enough data for a good quarterly RSI chart.  The current candles are still solidly bullish in strong RSI bull ranges.  While RSI are getting high, the only potential warning I see right here is the tail on $QQQ as we close out.  Not a lot to hang your hat on; and don’t forget is takes 3 full months to print another candle.  Overbought RSI is a reason to be paying more attention, but with CFGs all still below 100, there still is room higher for now.  Overbought can always become more overbought in strong trends.  However, for most of us, these charts are great for long term perspective and guidance, which for now is still sitting in a long term uptrend in all 3, but hard to trade off of in real life.

Monthly

Dropping down to the monthly ETF charts you see they are also in solid RSI bull ranges with sharp uptrends in $SPY & $QQQ while $IWM has been consolidating on this level much of the year.  However, that also leaves $IWM with a RSI in the sweet spot and set up pretty well if it can clear this current range.  $QQQ had the toughest month, but it was also after putting in the steepest ascent.  It could use some rest, but no not enough evidence yet on this level to expect much more than a normal consolidation/pullback to relieve some pressure.  There are larger divergences forming on this level and are noted, but rarely play out swiftly without a larger catalyst.

Weekly

After seeing the last two levels in solid trends albeit a little elevated in some areas, the weekly charts have already worked off a good bit of their excess without giving up a tremendous amount of ground in price or putting the RSI bull ranges in jeopardy.  all three have room before reaching the MA bands good opportunities for RSI Positive Reversals if the consolidations/pullbacks hold above them.  Again on this level we see the $IWM looks the best set up for a move higher, with $SPY and $QQQ trends stalling a bit after strong runs this spring, but not necessarily destined for strong moves lower. Keep an eye on how the action progresses from here, but so far so good as we move down the charts.

Daily

The daily level is where we start to notice the wear and tear on the trends for both the $SPY and $QQQ as they are testing some important support levels going into the 3rd quarter.  I left $IWM out since it hasn’t really been in a trend all year long even though it is positive after the 1st half.  All three are still holding the RSI bull ranges, so it is hard to get too bearish or throw in the towel as of yet, but the larger cap side is looking shaky as the MA bands are getting tested here.  Going back to $IWM it shows what can happen versus a strong rollover if the $SPY $QQQ do decide to digest the recent runs, but either can eat up intermediate term traders if they are not open to the potential and adjust accordingly.

65 minute

The intraday 65 minute view gets us close enough for most to the current battle to help shape how we approach next week, at least the early part.  $QQQ and $SPY charts show the battles they have been in with both struggling to hold the recent ranges.  This chart shows the month of June start to finish.  To the surprise of many the $IWM was actually the top performer for the month, and even all the way down on this level looks the strongest.  Not exactly strong, but relatively it definitely is set up the best to start the new quarter, again, at least for the 1st part of the week.  The shorter the timeframe of the chart the easier it is to flip the charts look, so as you look back up this list, keep that in mind and use this to help guide your outlook as you move into the 2nd half of 2017 this week.

Good Luck and I hope this helps!

If you like what you see, follow me on StockTwits or Twitter.
(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

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The Nitrous Scan 6/23/2017

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The Nitrous Scan is designed to pick up on stocks that have the chance for accelerating moves even as momentum indicators seem to be getting extended.  The list below are intended to be a starting point only.  Once you find charts that look interesting it is up to you to do your own due diligence and build a trade plan in your own style of trading.

ETF Nitrous Scan

ETF Nitrous Scan on FINVIZ

The Nitrous Scan

Nitrous Scan on FINVIZ

The Meltdown Scan

Meltdown on FINVIZ

More about how I came up with this scan here and here.

If you like what you see, follow me on StockTwits or Twitter.
(All market data above comes from Stockcharts.com, Esignal, and Reuters datalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.

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The Nitrous Scan 6/16/2017

Tags : 

The Nitrous Scan is designed to pick up on stocks that have the chance for accelerating moves even as momentum indicators seem to be getting extended.  The list below are intended to be a starting point only.  Once you find charts that look interesting it is up to you to do your own due diligence and build a trade plan in your own style of trading.

ETF Nitrous Scan

ETF Nitrous Scan on FINVIZ

The Nitrous Scan

Nitrous Scan on FINVIZ

The Meltdown Scan

Meltdown on FINVIZ

More about how I came up with this scan here and here.

If you like what you see, follow me on StockTwits or Twitter.
(All market data above comes from Stockcharts.com, Esignal, and Reuters datalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.

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The Nitrous Scan 6/13/2017

Tags : 

The Nitrous Scan is designed to pick up on stocks that have the chance for accelerating moves even as momentum indicators seem to be getting extended.  The list below are intended to be a starting point only.  Once you find charts that look interesting it is up to you to do your own due diligence and build a trade plan in your own style of trading.

ETF Nitrous Scan

ETF Nitrous Scan on FINVIZ

The Nitrous Scan

Nitrous Scan on FINVIZ

The Meltdown Scan

Meltdown on FINVIZ

More about how I came up with this scan here and here.

If you like what you see, follow me on StockTwits or Twitter.
(All market data above comes from Stockcharts.com, Esignal, and Reuters datalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.

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The Nitrous Scan 6/9/2017

Tags : 

The Nitrous Scan is designed to pick up on stocks that have the chance for accelerating moves even as momentum indicators seem to be getting extended.  The list below are intended to be a starting point only.  Once you find charts that look interesting it is up to you to do your own due diligence and build a trade plan in your own style of trading.

ETF Nitrous Scan

ETF Nitrous Scan on FINVIZ

The Nitrous Scan

Nitrous Scan on FINVIZ

The Meltdown Scan

Meltdown on FINVIZ

More about how I came up with this scan here and here.

If you like what you see, follow me on StockTwits or Twitter.
(All market data above comes from Stockcharts.com, Esignal, and Reuters datalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.

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The Nitrous Scan 6/2/2017

Tags : 

The Nitrous Scan is designed to pick up on stocks that have the chance for accelerating moves even as momentum indicators seem to be getting extended.  The list below are intended to be a starting point only.  Once you find charts that look interesting it is up to you to do your own due diligence and build a trade plan in your own style of trading.

ETF Nitrous Scan

ETF Nitrous Scan on FINVIZ

The Nitrous Scan

Nitrous Scan on FINVIZ

The Meltdown Scan

Meltdown on FINVIZ

More about how I came up with this scan here and here.

If you like what you see, follow me on StockTwits or Twitter.
(All market data above comes from Stockcharts.com, Esignal, and Reuters datalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.

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The Nitrous Scan 5/12/2017

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The Nitrous Scan is designed to pick up on stocks that have the chance for accelerating moves even as momentum indicators seem to be getting extended.  The list below are intended to be a starting point only.  Once you find charts that look interesting it is up to you to do your own due diligence and build a trade plan in your own style of trading.

ETF Nitrous Scan

ETF Nitrous Scan on FINVIZ

The Nitrous Scan

Nitrous Scan on FINVIZ

The Meltdown Scan

Meltdown on FINVIZ

More about how I came up with this scan here and here.

If you like what you see, follow me on StockTwits or Twitter.
(All market data above comes from Stockcharts.com, Esignal, and Reuters datalink)
The information set forth here was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.

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