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10/21/2016 Weekly Stock Scans

10/21/2016 Weekly Stock Scans

Postby Cobra » Fri Oct 21, 2016 6:16 pm

The weekly stock picks are for everyone but the members only report may have narrowed the picks and explained trading strategy in details: http://www.cobrasmarketview.com/2016/10 ... ock-picks/

The market is in range so might not a good idea to trade breakout anymore as in a range market, as most breakouts are simply false.

LONG WATCHES:

2.png


SHORT WATCHES:

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Re: 10/21/2016 Weekly Stock Scans

Postby Cobra » Fri Oct 28, 2016 4:25 pm

One breakout and it's false. The pattern isn't bad yet, so can hold into the next week. The market is in range so might not a good idea to trade breakout anymore as in a range market, most breakouts are simply false. Again, it's very important to know that the stock picks don't take ER into consideration so please avoid stocks that very close to ER or close position before the ER.

Long Watches:

6.png


0 real breakout , 0 false breakout.

0 eliminations.


Short Watches:

N/A


The rest, the chart patterns not bad yet, will compete with our new scans in order to be listed in the next week's list.

Green circle means a successful breakout/breakdown, so the pick won't be in the next week's list anymore.
Red circle means a false breakout/breakdown, the pattern in this case may not go bad yet, so still could be in the next week's list.
X means the pattern is gone bad, so the pick won't be in the next week's list anymore.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
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