Cobra's Market View

Mostly strong stocks consolidating before breakout. Chinese version is here: http://www.hutong9.net/forum.php?mod=vi ... tid=186670

Some, say, NCT, just had a breakout, hopefully a pullback the next week.
Some, say, SWKS, CX, WYN had a breakout then pullback to test the breakout point, maybe a 2nd entry.
Some, say, RGR, URI, ALLT, AKAM, could be C&H or H&S Bottom.

Anyway, if you have some experiences, you'd know all those stocks are not at all picked at random. I did spend sometimes reading hundreds of charts. If you have question about why particular stock was picked, please do not hesitate to ask, I'll explain why the chart looks good to me.

• The main idea is to scan very strong stocks forming possible buy setup. All stocks must have 3 month average volume above 500K and the current day volume above 200K.

• Will try to avoid bio tech or pharmaceutical related stocks as risks are high for those kind of stocks.

• No consideration of the broad market trend, the ER time. Those strong stock would sell off hard if the broad market corrects.

• It's auto scan. Not a stock recommendation, trade with your own risks!

As requested in Chinese forum. Here's where I picked all those 20 stocks. The list are all strong stocks. Please note, this is a complete auto scan, no human action involved, so you need do some work to select your own stock.

not much gains this week although most stocks still look good. I've eliminated 5 stocks that I'm not sure anymore, the rest 15 still are good to go. This should concludes this week's pick. Will have new picks for the next week in the weekend.

Cobra,

What time frame are you looking for the stocks to perform and what is the exit condition. Just do not want to bother you during the week.

I like CTRX and AKAM...GET needs more time...and you agreed with me...removing CHK.

Thanks

lazytrader wrote:Cobra,

What time frame are you looking for the stocks to perform and what is the exit condition. Just do not want to bother you during the week.

I like CTRX and AKAM...GET needs more time...and you agreed with me...removing CHK.

Thanks

I usually don't set fixed time frame. Most stocks chosen are in consolidation, so I'd buy on breakout and set huge stop loss because they're all strong stocks, so in the end they mostly would be up. Anyway, back to buy breakout, once breakout, it'd move fast because they consolidated a lot before the breakout, so I should have some profits soon, I'd take some and put a breakeven stop loss to have a free run. So I don't set fixed time frame. But the bottom line is, all stocks chosen are strong ones, so as long as your stop loss is big enough, mostly you'd win something.

Thanks..Cobra

Want to share a i site visit. Good analysis on stocks for short term traders.

http://thechartbox.blogspot.com/

lazytrader wrote:Thanks..Cobra

Want to share a i site visit. Good analysis on stocks for short term traders.

http://thechartbox.blogspot.com/

Thanks.