10/17/2014 Weekly Stock Scans

[Cobra]

The weekly stock picks are for members only: http://www.cobrasmarketview.com/2014/10 ... ock-picks/

Below is the preview of this week's initial picks.

LONG WATCHES:

SHORT WATCHES:

[Cobra]

Broad market up huge this week, so our longs are good, surprisingly shorts are good too. The false long breakout, the pattern isn't bad yet, so still can hold for the next week. Again seems to me the easy money is gone, now the market is very selective. 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:

3 real breakout , 1 false breakouts.

0 eliminations.


Short Watches:

1 real breakout , 0 false breakouts.

0 eliminations.


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.