03/11/2013 Weekly Stock Scans

[Cobra]

There're 7 long watches this week. Some of them are inherited from the last week's scan. Those last week's picks that had breakout or the chart pattern became bad are not listed here anymore because they're no longer Base and Breakout setup, in which the weekly scan is focused. It doesn't mean they're not worth trading anymore. Also the scan includes Canadian stocks, they're rare though.

Because of Non-Stop Model is officially on the bull side, so this week's scan is long watches only.

The major criteria for picking either long watches or short watches is base and breakout setup. So again, let's be crystal clear, before the breakout or breakdown, it's not buy or sell.

LONG WATCHES:

HERE explained why most stocks chosen are at or near 52-week high. Generally you should buy 52-week high not 52-week low. HERE is my simple explanation if you don't want to read the lengthy link I provided.
HERE explained how to determine your position size. Generally you cannot simply all in on one stock.
HERE explained Base and Breakout Setup and how to trade, which is the major criteria most stocks were chosen.
All long watches must have 3 month average volume above 500K and the current day volume above 200K and price above $2.
All short watches must have 3 month average volume above 1M and the current day volume above 500K and price above $5.
No consideration of the broad market trend, the ER time. Those long watches may sell off hard if the broad market corrects, those short watches may rebound sharply if the broad market rallies. So when trading those stocks, be sure always bear the trend of the broad market in mind. Stocks a tiny wave while the trend is tide, there's no way a tiny wave beats the gigantic tide.
It's auto scan. Not a stock recommendation, trade with your own risks!

[Cobra]

Not a bad week, lots of breakouts, one false breakout and no elimination. 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 cycle means a successful breakout/breakdown, so the pick won't be in the next week's list anymore.
Red cycle 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.

[Out of Bounds]

Not a bad week, lots of breakouts, one false breakout and no elimination. 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.

1.png

Green cycle means a successful breakout/breakdown, so the pick won't be in the next week's list anymore.
Red cycle 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.

Love it when you put these out. Thanks.

[Cobra]

Not a bad week, lots of breakouts, one false breakout and no elimination. 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.

1.png

Green cycle means a successful breakout/breakdown, so the pick won't be in the next week's list anymore.
Red cycle 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.

Love it when you put these out. Thanks.

Thank you. Based on the comments I gathered, most people still have no clue, say what buy stop is or where to put buy stop or stop loss and this is why the weekly pick is not popular although we do have regular 3000 to 4000 readers to this forum everyday. I need think about a better way to present the idea on how to trade those stocks.

[Unique]

Maybe include a price point like this?

(Old trade chart from March 6)

Label the price to confirm breakout, the stop, and the potential.

[Cobra]

Maybe include a price point like this?

(Old trade chart from March 6)

Label the price to confirm breakout, the stop, and the potential.

Yes, I know I need include those info, but it'd be some work to do which I'd rather keep for members only.