Cobra's Market View

There're 8 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!

acuba suffers or is gonna to lose a lot in China.

Revised weekly stock picks. I want to limit the scans to a narrow range consolidation, in this way a closest possible stop loss can be set (just a little below the range, obviously) therefore allowing much better gain loss ratio. The consolidation range should be clearly visible in the 2 months chart instead of the old way - the 6 months chart.

Also the week's pick ARUN had a breakout already today, so it's not in this revised list.

Lots of breakouts and two eliminations. The rest, the chart patterns seem not bad yet, will compete with our new scans in order to be listed in the next week's list. Overall, not a bad week. Also I've explained in details to members how to trade the breakout if you missed the first place.
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.