Ten more breakouts and one new breakdown.

As of the close of Tuesday, October 17, 2023, a scan of high-volume options found ten breakouts and one breakdown candidate.

The breakouts:

BITO:

COIN:

DE:

ETSY:

PACW:

PLUG:

ROST:

SLV:

VXX:

and ENPH:

The breakdown;

XPEV:

Five new breakouts on Monday.

As of the close of Monday, October 16, 2023, a scan of high-volume options using PerfectStorm found five breakout candidates.

AMZN:

GOLD:

HL:

SPY:

JPM:

More swing trading breakouts.

As of the close of Friday, October 13, 2023, a scan of high-volume options found three breakouts and one breakout candidate.

The breakouts:

CPNG:

GDX:

and TSM:

The breakdown:

NCLH:

 

 

Breakouts continue.

As of the close today, Thursday, October 12, 2023, a scan of high-volume options using Perfect Storm found seven breakout candidates.

AZN:

C:

CVE:

EPD:

PBR:

PSTG:

and SNAP:

Ten new breakouts Wednesday.

Yesterday we found ten new breakouts and today, October 11, 2023, a PerfectStorm scan of high-volume options found ten new breakout candidates.

ADBE:

APLS:

ENPH:

IQ:

NFE:

QQQ:

SOFI:

SOXL:

TQQQ:

and WBA:

 

Big day for trading swing trading breakouts.

As of the close of Tuesday, October 10, 2023, a PerfectStorm scan of high-volume options found TEN breakout candidates.

AAPL:

COIN:

DFS:

DIS:

KWEB:

MSFT:

PTON:

TMUS:

CRWD:

and PLTR:

Swing trading breakouts and breakdowns.

As of the close of Monday, October 9, 2023, there were four breakouts and one breakdown.

Ther breakouts;

AMD:

EA:

MU:

and NVDA:

the breakdown;

ZM:

Swing trading new breakouts.

As of the close of October 6, 2023, PerfectStorm found three new breakout candidates.

GOOG:

PINS:

and TSLA:

Breakdowns for swing trading.

As of the close of Thursday, October 5, 2023, there were no breakouts and two breakdown candidates.

The breakdowns:

EEM:

and WYNN:

No new breakouts or breakdowns. Relative Strength still rules.

As of the close of Wednesday, October 4, 2023, a scan of high-volume options could find no new candidates.

The attached illustration of four high-volume ETFs will illustrate the concept of relative strength with positive momentum often will have a long candidate in spite of other markets in decline.

UUP, the dollar ETF has been in an uptrend for a few weeks with high relative strength.

 

Five-way Relative strength: