As of Friday, July 19, 2024, the old PerfectStorm scan found no new breakout candidates. The new PerfectStorm strategy will no longer look for high-volume optional stocks and ETFs for daily breakouts and will concentrate on stocks and ETFs that are very likely to be successful for longer-term swing trading. The list of stocks that qualify for inclusion in the scanned list will be those that, in the past, had a high likelihood of capital appreciation because of their increasing balance sheet fundamentals.
An example of that is the following weekly chart of McKesson (MCK);
The green line indicates a starting period of accumulation. The blue line is either a close of the current position or a pause in accumulation.
All of the new PerfectStorm illustrations will be of weekly charts.