Swing trader finds two breakouts and four breakdowns.

As of the close of yesterday, Wednesday, August 9 , 2023, my PerfectStorm scan of the most high-volume optional stocks found two breakouts and four breakdowns.

The breakouts:


and PARA:

and the breakdowns:




and ZS:

12 Additional Breakout Candidates.

As of the close of Monday, July 3, 2023, my PerfectStorm scan found 12 additional breakout candidates.

This is for information only and is not to be considered a recommendation.












and UBS:

Four more swingtrader beakouts today.

As of the close today, Tuesday, June 13, 2023, my scan of high-volume optional stocks found four more swing trading breakouts.




and XPEV:

Breakouts and Breakdowns

Since I expanded the number of stocks that I scanned for, GOOGL and GME have shown a breakout as well as NFLX.

OXY and PYPL have shown a breakdown, that is a downward bias.

I have attached the graphs of NFLX and OXY. Graphs created as of the close of Thursday, May 11, 2023. Published at 7:35 AM, not PM as shown. on bottom. I will try and get someone to fix that..

Houston, We Have A Problem : GameStop

The recent movement in GME (GameStop) has been headline news in almost every financial newspaper and as the lead story on almost every network and cable news channel in the last week.

Whether by individual investors acting through chat rooms or multi-strategy hedge funds acting individually or in concert, or investor trading platforms or clearing and pay for order flow firms, they ALL should have realized that tracking momentum would have prevented the large losses, if short, and given hope to the long side traders.

The four pictures below show the story. The linear scale has been changed to Semi-log for better illustration.

The last sale is as of the close of Friday, January 29, 2021.

Green is GO LONG, Blue is the close position, Red goes short.



720 Minutes:

130 Minutes:

It is pretty obvious that only LONG positions should have been established starting the week after September 18, 2020, based on the weekly close. LONG-only once again after December 22, 2020. And so on with the 720 minutes after January 12, 2021, and LONG only after January 13, 2021. with the 130 minute picture.

It makes no sense looking at the above pictures of the trading history of GME over the last few weeks to understand how anyone with a plan would make try to profit from the short side of GME in the last few weeks.