1st May 2014:
I do realise it is May and the 'sell in May and go away' mantra is clear in my mind BUT some of these strong stocks have charts that are setting up with potentially bullish patterns. Trend line breaks should offer guidance here about any breakout move:
NUE:
TSLA:
PEP:
TJX:
WAG:
WMT:
ADBE:
BTU: the monthly close above $19 is bullish and suggests this may have bottomed:
FB: H&S or Bull Flag: let trend line breaks guide you:
HPQ: this bullish 'Inverse H&S' continues to perform:
MGM: some consolidation before the next move higher?
MU: this looks to be off and running again after a bit of consolidation:
X: some consolidation before the next move higher?
YHOO: some consolidation before the next move higher here too?
AA: headed to $18?
PCLN:
28th April 2014:
XSO: Aussie small caps: this is a new triangle chart that I am watching/stalking:
Some triangle breakout chart updated results appear below:
CAT: I noted back in Nov last year how CAT looked set to make a triangle break out. This triangle break has now delivered a 22% move:
This is how the chart appeared back then when I posted:
I do realise it is May and the 'sell in May and go away' mantra is clear in my mind BUT some of these strong stocks have charts that are setting up with potentially bullish patterns. Trend line breaks should offer guidance here about any breakout move:
NUE:
PEP:
BTU: the monthly close above $19 is bullish and suggests this may have bottomed:
FB: H&S or Bull Flag: let trend line breaks guide you:
HPQ: this bullish 'Inverse H&S' continues to perform:
MGM: some consolidation before the next move higher?
MU: this looks to be off and running again after a bit of consolidation:
X: some consolidation before the next move higher?
YHOO: some consolidation before the next move higher here too?
AA: headed to $18?
PCLN:
28th April 2014:
XSO: Aussie small caps: this is a new triangle chart that I am watching/stalking:
Some triangle breakout chart updated results appear below:
CAT: I noted back in Nov last year how CAT looked set to make a triangle break out. This triangle break has now delivered a 22% move:
This is how the chart appeared back then when I posted:
This is how the CAT chart appears now:
FDX: I noted a triangle breakout last January on Fedex. This technical move has now delivered over 40% . This was how the chart appeared when I posted back on Jan 30th 2013:
This is how the FDX chart appears now:
I held on to the stock though and only sold out recently at $21. Price has reached up to $25 though and this represents a huge gain of 280%:
MU daily
MU weekly
A number of strong socks are approaching key S/R levels and looking a bit bullish. Keep an eye on the following on Friday for their monthly candles to see if they can close above these key S/R levels. Watch for any test of these key levels if they have already been broken:
HPQ: a triangle break forming up perhaps here? I'm watching for a monthly close above the trend line. Price is above the daily Cloud:
CAT: A possible triangle break looming here still and price just below the Cloud:
MRK: triangle break possibly building for the $50 level and price above the Cloud:
MSFT: ditto here at the $37!
WMT: not so much a triangle break but a trend line break looming at the $80 level. Price above the Cloud:
YUM: price has broken the $75. It may test this level before any further bullish action. Price is above the daily Cloud though:
BAC: a monthly candle close above the $15 level would be very bullish:
BK: I'm watching for any bullish close above the $35 level:
Macy's M: a hold above $50 might signal a new pathway for Macy's:
PFE: look for any hold above the $30:
YHOO: watch for any close above the $40:
CAKE: this is another stock I had been tracking prior to the triangle break. This has now returned 25% after making its break:
I've been looking back over some of the stocks that I had previously noted for triangle breakouts. Some have yielded huge gains and I thought I'd update them here today. These stocks were all noted here on my blog at their point of breakout:
NKE: a 38% increase:
TJX: a 30% gain
ADBE: a 60% gain:
MU: a again of 170%. One of my trades!
NOK: a gain of 114%
WGO: an increase of 200%
X: an increase of 38%. One of my recent trades:
Wednesday 24th July:
I've been looking back over some of the stocks that I had previously noted for triangle breakouts. Some have yielded huge gains and I thought I'd update them here today. These stocks were all noted here on my blog at their point of breakout:
BAC: 66%
CSCO: 30%
GES: 17%
GPS: 18%
HPQ: 75%
KBE: 25%
MU: 115%
XLF: 20%
YHOO: 100%
ADBE: 40%
BAC: 66%
BBY: 75% gain
The previous entries are all still on my watch list. I've just added this one in again too:
X: Elliott Wave suggests further falls but I'm watching the triangle:
Tuesday 7th May:
These stocks are starting to look VERY interesting. They have been posted here before.
AA: getting close to a possible close above the Cloud:
BTU: getting very close to forming a number of bullish signals!
CLF: watching the Cloud here closely:
F: looking bullish as it has broken above the Cloud
GES: this has also had a bullish break above the Cloud:
JOY: watching for any break above the Cloud here:
NTAP: seems to have made a bullish close above the Cloud:
OXY: looking bullish after a break above the Cloud
ACI: getting close to a bullish signal too!
GD: I posted this chart here, back in March, before the breakout. I missed it!
GD: I posted this chart here, back in March, before the breakout. I missed it!
Just some updates on current triangle breakout stocks. Technical analysis in action! This is not hindsight trading. These stocks have been stalked here, along the way, prior to their respective breakouts. The percentage gains on the stocks are most impressive BUT not nearly as much on their possible Option trades. Click on charts to increase the view size:
ADBE: A favourite of mine and has risen 38%
AMAT: up 21%
ADBE: A favourite of mine and has risen 38%
AMAT: up 21%
BBY: 58% increase
JNJ: 27% increase
MCD: a 12 % increase
PEP: a 12% increase
SWY: gave 36% before pulling back
DELL: the most recent triangle break has given up to 40%
HPQ: increase of 50%
MU: up 50%
NKE: rallied 18%
YHOO: up around 25%
Update Thursday 2nd May:
The following stocks are near triangle breaks and have my interest:
AA:
GES
The following stocks have moved to take prime view given their triangle formation status:
YUM: This stock is approaching new highs. It may turn back down but a break close and hold above the $75 level would be quite bullish:
INTC: this has broken up and out from a symmetrical type triangle pattern. I'm waiting to see more momentum on the ADX though:
NUE: is still range bound in a channel but a break, close and hold above the $50 level would be quite bullish. It has a way to go yet and may not achieve this BUT it doesn't hurt to keep an eye on it!
AVP: I noted this in my Stocks: March page last night. It is looking quite attractive at this rate:
NG: This keeps my interest especially as I watch to see how Gold tracks:
CCL: This stock has had a triangle break down. I'm watching for Put buying here:
CNQ: This dividend stock has had a triangle break up. The April $31 Put is at 0.30 cents:
GD: this is another dividend stock with Morningstar Fair value @ $82 but it is trading at $70. The April $67.50 Put is only fetching 0.40 cents. It might be a better Call buy if it breaks out and up!:
JOY: triangle looming:
PG: has made a new high after an ascending triangle break up:
My triangle breakouts continue with good success. The following stocks are ones that I am keenly tracking for potential breakouts:
Gold and Gold stocks:
These Gold stock trades (below) will depend a lot on what Gold does over the coming days. I'm watching Gold to see if the $1,525 level will form a floor for price and, thus, be a possible bounce point for the metal. Respect of the $1,525 support level for Gold may see Gold stocks reverse their recent falls. Failure of this support level though would seem to be rather bad news for Gold stocks and may see breakouts to the down side, rather than the upside. I'm watching out for both!
Gold monthly: looking to see if the $1,525 level is tested and, if so, can it then hold:
NG daily: The $3.50 area looks like strong support here. I'll be watching to see if this level holds and, if so, then I want to see a triangle break to the upside:
ABX monthly: I'm watching the $25 support level here:
GDX weekly: the break in the $40 support level here is not encouraging though:
GDXJ weekly: ditto here as for GDX
GDXJ daily:
GLD weekly: this chart isn't too encouraging ...just at the moment:
BTW: TIF: I see this breakout has moved on now:
I have cast my eye back over the Aussie stocks in my watch list and checked out the technical patterns I have had in play there. These charts have been posted before (Aussie Stocks) but the success of the triangle breakout continues to impress me. These breakout patterns have delivered huge gains in these stocks. Many of these are our 'blue chip' type stocks and we hold them in our SMSF. You can check back over previous views of these charts in my Aussie Stocks page. I had suggested last September that our stocks might be in for a triangle breakout. Check out the change from then to now!
XAO back last year when I posted (the Aussie All Ords):
XAO back last year when I posted (the Aussie All Ords):
XAO current:
That is some gain and a great technical follow through! Now to look at particular stock examples:
That is some gain and a great technical follow through! Now to look at particular stock examples:
CBA
My Triangle breakout tracking continues to be a major success. Most of these breakouts continue on for significant gains. Some of the recent stand out performers are pasted below. These are all stocks that I have been posting about here on my blog for some time now:
FDX up 10%
IYT up 15%
AMAT up 21%
NFLX up 200%! I can't believe I left this one
AVP up 17% Sadly, I was exercised out of this Stock
These are stocks that I am now stalking for triangle trend opportunities:
XLF
BRXX
I posted some charts on a trading forum this morning noting some of my recent trades based on triangle breakouts on tech stocks. I decided to look back through all of my watch lists and assess the relative success of all the triangle breakouts that I have watched over. The results were quite surprising and will have me watching out for such pattern breaks more closely in the future. I have found that triangle breaks have been a most reliable charting pattern. This then helps me to better time my trade entry on any directional trade on stocks from my watch list and, also, to trade with greater confidence. Directional trading may be by way of Stock or Call option purchase, Put selling or even Put buying.
Some of these triangle breaks, but not all, came with the added confluence of my own trade entry (TS) signals as well.
Some recent triangle breakout chart patterns from my watch lists are posted below. There is a surprising number of them!:
FDX:
IYT
DELL
MCD
GPS
LLY
Failures: I have not had too many failures with triangle breaks.
SLW was one though:
AA: this hasn't been too great just yet either:
New triangle breaks:
The following charts are ones that I am watching for new triangle breaks:
CSCO
Very interesting technique! (kind of a down under thing ;-)
ReplyDelete