No new breakouts. Three new breakdowns.

As of the close of Wednesday, September 20, 2023, a scan of high-volume options found three new breakdown candidates.

ARKK:

LOW:

and MRVL:

TEN new breakout candidates found.

Remember, this is for information only. NO RECOMMENDATIONS ARE IMPLIED!

My PerfectStorm scan of high-volume optional stocks found ten new breakouts as of the close of Friday, June 30, 2023.

ARKK:

BYND:

IWM:

MSFT:

NFLX:

QS:

SOXL:

XLF:

XOM:

AVDL:

New Breakout Candidates

Just completed adding a few more stocks to the breakout scanner. The scanner now contains the 115 top-volume weekly options.

CCL was added today (Carnival Cruise Lines) and came up as a candidate a few days ago if I had it included in my scan at that time.

ARKK also hit today.

Both charts follow.  Close price as of today, May 10, 2023. Published on May 10 2023 at 10:17 PM. Disregard the draft stuff on the bottom. Do not know how to edit that stuff out.

ARK Innovation ETF ARKK

Like many investors, I was impressed by the incredible upside performance of Cathie Wood’s ETF  ARKK  in 2020.

The holdings include Tesla, Zoom, Roku, Teledoc Health, and Coinbase Global.

With the exception of Telsa, most are down a considerable amount this year.

Despite the large underperformance of ARKK, many investors are staying the course, according to Monday’s (April 25, 2022)  Wall Street Journal.

The following Monthly and Daily chart of ARKK portrays the recent price decline.

Price is as of the close today, Tuesday, April 26, 2022.