SetYourStop Blog

News, Breakouts, Momentum Plays & Bottoms – January 13, 2023

MY JOURNAL FOR FRIDAY – JANUARY 13, 2023

NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS

EP 043: Buying stocks in uptrends, managing risk, and tips for long term survival w/ Jon Boorman (trend following trader)

Welcome to Osprey Strategic

Nearly a Decade of Experience in the Financial Markets

Greg Schnell, CMT, MFTA, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and recent winner of the CSTA’s Technical Analyst of the Year. He is an active member of both the CMT Association and the International Federation of Technical Analysts.

Explore Greg Schnell Special Pricing Save $363.00! – LEARN MORE

 

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

ATD.TO – Alimentation Couche-Tard, Inc.

 

CP.TO – Canadian Pacific Railway

 

DML.TO – Denison Mines Corp.

 

LGO.TO – Largo Resources Ltd.

 

TCW.TO – Trican Well Service Ltd.

 

TECK/B.TO – Teck Resources Ltd.

 

MOMENTUM ALERT SIGNALS

PAST ARTICLES

SetYourStop Workspace

The main focus of the SetYourStop Slack workspace is the momentum scanner that was developed to trace abnormal volatility in the Canadian equity market.

Our proprietary momentum scan system searches for abnormal volatility which flags the urgency of buyers. It was designed to signal the potential of momentum coming into an underlying name or sector. The charts issued are to be used as indicators only, not a trigger to buy or sell. Disclaimer

Once a chart is received, systematic rules are to be used, implemented by the individual (SetYourStop nor ospreystrategic.org holds No Responsibility for one’s actions as the charts given on SetYourStop and ospreystrategic.org are to be used as indicators only and not a trigger to buy or sell) to define and manage risk. Stop-loss orders are an important tool to negate any false signal. The goal is to let winners run while using trailing stop-loss orders to preserve gains.

Let Us Do Your Homework (With Full Website Access):

  • Weekly GregSchnell newsletter that will feature his top ten charts of the week.
  • Weekly GregSchnell video which summarizes the major moves in the global markets.
  • Vital GregSchnell that can be quickly look through with his top 30 charts at any given time.
  • GregSchnell Monthly conference call that is recorded and saved.
  • The Daily Setup watchlist of stocks that are signaling the potential of upside momentum.
  • The daily SetYourStop blog (News, Breakouts, Momentum Plays and Bottoms).
  • The SetYourStop Workspace.
  • Much more!
THIS IS NOT A STOCK PICKING SERVICE. THE WORKSPACE HAS BECOME MORE LIKE A COFFEE SHOP OF CLOSE FRIENDS SHARING IDEAS.

Most Traders Tend to Overthink. It’s Time to Remove Noise, Remove Emotion, & Learn How to Define Your Risk. Become a Robot!

🤖

Definition: Systematic trading (also known as mechanical trading) is a way of defining trade goals, risk controls and rules that can make trading decisions in a methodical way.

Whether you’re a trend follower, swing trader or penny scalper, the SetYourStop workspace will provide you with trading ideas.

We discuss charts showing the potential of momentum as they appear on our radar with the goal of becoming the most interactive community in Canada.

Join the SetYourStop crew in the Slack workspace today.

The workspace is an exclusive interactive live community of traders ranging from beginners with small portfolios to seasoned veterans placing large bets. It’s an ongoing source of trading ideas and market dialogue mixed with education. The SetYourStop crew regularly joins the conversation to give feedback and share our trading ideas with the community.

Please read before subscribing: I’m Not Your Guru

Access the Workspace

Choose the Subscription Plan that works for you:

30 Day Trial

Only $7 USD
Subscribe for our 1-month trial today and experience the benefits of learning from an Award-Winning Technical Analyst for 30 days.

Monthly

$79 USD

Our monthly plan is just that, a no-term and no-commitment subscription with flexibility and all the benefits.

Quarterly

$239 USD

Subscribe to our quarterly plan, pay once and enjoy all the benefits our membership offers
for 90 days.

Annual

$860 USD

Save money while experiencing the full benefit of our membership for 365 days of unbeatable content.

Trading Room invite will be sent to the email attached to your account within 24hrs

Contact me at:

[email protected]

SetYourStop png green

News, Breakouts, Momentum Plays & Bottoms – January 12, 2023

MY JOURNAL FOR THURSDAY – JANUARY 12, 2023

NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS

Greg rolls through the consumer discretionary sector and explains why the equal weight chart is a lot more informative than the market cap weighted chart at this time. One of the areas starting to improve is retail. Looking through different presentation styles and sort orders, we can see some nice opportunities setting up.

Welcome to Osprey Strategic

Nearly a Decade of Experience in the Financial Markets

Greg Schnell, CMT, MFTA, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and recent winner of the CSTA’s Technical Analyst of the Year. He is an active member of both the CMT Association and the International Federation of Technical Analysts.

Explore Greg Schnell Special Pricing Save $363.00! – LEARN MORE

 

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

CRE.V – Critical Elements Lithium Corporation

 

DCBO.TO – Docebo Inc.

 

FOM.V – Foran Mining Corp.

 

H.TO – Hydro One Limited

 

NOA.TO – North American Construction Group Ltd

 

SLF.TO – Sun Life Financial Services of Canada, Inc.

 

MOMENTUM ALERT SIGNALS

PAST ARTICLES

SetYourStop Workspace

The main focus of the SetYourStop Slack workspace is the momentum scanner that was developed to trace abnormal volatility in the Canadian equity market.

Our proprietary momentum scan system searches for abnormal volatility which flags the urgency of buyers. It was designed to signal the potential of momentum coming into an underlying name or sector. The charts issued are to be used as indicators only, not a trigger to buy or sell. Disclaimer

Once a chart is received, systematic rules are to be used, implemented by the individual (SetYourStop nor ospreystrategic.org holds No Responsibility for one’s actions as the charts given on SetYourStop and ospreystrategic.org are to be used as indicators only and not a trigger to buy or sell) to define and manage risk. Stop-loss orders are an important tool to negate any false signal. The goal is to let winners run while using trailing stop-loss orders to preserve gains.

Let Us Do Your Homework (With Full Website Access):

  • Weekly GregSchnell newsletter that will feature his top ten charts of the week.
  • Weekly GregSchnell video which summarizes the major moves in the global markets.
  • Vital GregSchnell that can be quickly look through with his top 30 charts at any given time.
  • GregSchnell Monthly conference call that is recorded and saved.
  • The Daily Setup watchlist of stocks that are signaling the potential of upside momentum.
  • The daily SetYourStop blog (News, Breakouts, Momentum Plays and Bottoms).
  • The SetYourStop Workspace.
  • Much more!
THIS IS NOT A STOCK PICKING SERVICE. THE WORKSPACE HAS BECOME MORE LIKE A COFFEE SHOP OF CLOSE FRIENDS SHARING IDEAS.

Most Traders Tend to Overthink. It’s Time to Remove Noise, Remove Emotion, & Learn How to Define Your Risk. Become a Robot!

🤖

Definition: Systematic trading (also known as mechanical trading) is a way of defining trade goals, risk controls and rules that can make trading decisions in a methodical way.

Whether you’re a trend follower, swing trader or penny scalper, the SetYourStop workspace will provide you with trading ideas.

We discuss charts showing the potential of momentum as they appear on our radar with the goal of becoming the most interactive community in Canada.

Join the SetYourStop crew in the Slack workspace today.

The workspace is an exclusive interactive live community of traders ranging from beginners with small portfolios to seasoned veterans placing large bets. It’s an ongoing source of trading ideas and market dialogue mixed with education. The SetYourStop crew regularly joins the conversation to give feedback and share our trading ideas with the community.

Please read before subscribing: I’m Not Your Guru

Access the Workspace

Choose the Subscription Plan that works for you:

30 Day Trial

Only $7 USD
Subscribe for our 1-month trial today and experience the benefits of learning from an Award-Winning Technical Analyst for 30 days.

Monthly

$79 USD

Our monthly plan is just that, a no-term and no-commitment subscription with flexibility and all the benefits.

Quarterly

$239 USD

Subscribe to our quarterly plan, pay once and enjoy all the benefits our membership offers
for 90 days.

Annual

$860 USD

Save money while experiencing the full benefit of our membership for 365 days of unbeatable content.

Trading Room invite will be sent to the email attached to your account within 24hrs

Contact me at:

[email protected]

SetYourStop png green

News, Breakouts, Momentum Plays & Bottoms – January 11, 2023

MY JOURNAL FOR WEDNESDAY – JANUARY 11, 2023

NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS

After a volatile 2022, it would appear that the warm wind of 2020 and 2021 are behind us. Investing strategies are important.

For a welcome to the trading of 2023, I did a presentation on Tuesday about investing strategies to approach the turbulent trading market of 2023.   A Better Plan. We have two primary goals. Protect capital, ride uptrends.

In the presentation, I drew some specific content references that compared to a prior breakout as one example of different tools to support an investment strategy. If you struggled in 2022 or would like some other ideas, Osprey Strategic is a very affordable service starting at $7 to check it out.

The Canadian Technician

Stock Market Rallies: Is This Light Switch Turning On?

Greg Schnell | January 11, 2023 at 11:02 AM

2022 was a year with a market that made a series of lower highs and lower lows. We don’t have the euphoric investment from the Fed helping us form lows in the market. This backdrop of high interest rates will create a world of approaches and the buy and hold mantra of investing in technology will be challenged again. With that, let’s kick off 2023 with a bang using more modern investing strategies.

As a chartist, there are lots of charts to choose from to make a point. However, when you pick broad market charts, there is very little to argue a point. Composite exchange ( all the stocks in a group) charts reach a broad swath of the economy, and help us see a wider view, than a narrower selection of the Nasdaq 100, the $SPX, the Dow 30 or select ETF’s in a specific industry or sector.

The charts below are from the NYSE – New York Stock Exchange. The $NYA is the ticker symbol for the ‘stock exchange’ rather than a select group of America’s best charts.

NYSE COMPOSITE LINE CHART

This week, the NYSE composite chart sits at an important crossroad that it has not been at before. The junction of the top trend line since the 2007 high, the support trend line since 2010 and the 10 month moving average are all providing support under this chart after the frenzy of free government money for everybody in 2020. The chart exploded higher in 2020 through 2021 and slipped lower for most of 2022. This chart bottomed in October 2022.

The PPO on the chart above is trying to turn up, just above zero. That looks very bullish if we turn higher from here. We do not want to see the PPO start to fail and drop below zero.

Another interesting clue is that in the 2008-2009 crisis, volume accelerated above the average until the market lows of October 2008 were in. The current volume seems comfortable below the moving average, hinting that large investors are not too worried we don’t get through this.

NYSE COMPOSITE BAR CHART

When I look at the monthly bar chart rather than a line chart, a few other clues are in play.

Price sits at the monthly trend line. We have had four months of higher lows so far. We also seem to be holding above the 10 month moving average which was resistance in the middle of 2022. The PPO is the same as the chart above, and it tells us that this is a typical bounce point. The difference is, we are doing this bounce without the Fed’s help.

NYSE COMPOSITE WEEKLY CHART

When I move to the weekly chart below, a few more interesting things happen.

The chart is holding above the 10 WMA which is the blue line. This was support all the way through 2020 and most of 2021. It is also trending up and has clearly broken any downtrend drawn on the moving average. Price on a weekly chart looks much better and has broken a down trend line on the previous highs and has bounced off that line. The PPO is turning up very bullishly, right at zero.

As we continue to rally, this looks more and more like a bull market start. I have a variety of charts telling me to be more positive on the outlook. It seems each week in the newsletter to clients, the markets are improving their bullish outlook.

Good trading,
Greg Schnell, CMT, MFTA

Welcome to Osprey Strategic

Nearly a Decade of Experience in the Financial Markets

Greg Schnell, CMT, MFTA, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and recent winner of the CSTA’s Technical Analyst of the Year. He is an active member of both the CMT Association and the International Federation of Technical Analysts.

Explore Greg Schnell Special Pricing Save $363.00! – LEARN MORE

 

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

CRE.V – Critical Elements Lithium Corporation

 

SLF.TO – Sun Life Financial Services of Canada, Inc.

 

TECK/B.TO – Teck Resources Ltd.

 

TOT.TO – Total Energy Services Inc.

 

VNP.TO – 5N Plus Inc.

 

WJX.TO – Wajax Corp.

MOMENTUM ALERT SIGNALS

PAST ARTICLES

SetYourStop Workspace

The main focus of the SetYourStop Slack workspace is the momentum scanner that was developed to trace abnormal volatility in the Canadian equity market.

Our proprietary momentum scan system searches for abnormal volatility which flags the urgency of buyers. It was designed to signal the potential of momentum coming into an underlying name or sector. The charts issued are to be used as indicators only, not a trigger to buy or sell. Disclaimer

Once a chart is received, systematic rules are to be used, implemented by the individual (SetYourStop nor ospreystrategic.org holds No Responsibility for one’s actions as the charts given on SetYourStop and ospreystrategic.org are to be used as indicators only and not a trigger to buy or sell) to define and manage risk. Stop-loss orders are an important tool to negate any false signal. The goal is to let winners run while using trailing stop-loss orders to preserve gains.

Let Us Do Your Homework (With Full Website Access):

  • Weekly GregSchnell newsletter that will feature his top ten charts of the week.
  • Weekly GregSchnell video which summarizes the major moves in the global markets.
  • Vital GregSchnell that can be quickly look through with his top 30 charts at any given time.
  • GregSchnell Monthly conference call that is recorded and saved.
  • The Daily Setup watchlist of stocks that are signaling the potential of upside momentum.
  • The daily SetYourStop blog (News, Breakouts, Momentum Plays and Bottoms).
  • The SetYourStop Workspace.
  • Much more!
THIS IS NOT A STOCK PICKING SERVICE. THE WORKSPACE HAS BECOME MORE LIKE A COFFEE SHOP OF CLOSE FRIENDS SHARING IDEAS.

Most Traders Tend to Overthink. It’s Time to Remove Noise, Remove Emotion, & Learn How to Define Your Risk. Become a Robot!

🤖

Definition: Systematic trading (also known as mechanical trading) is a way of defining trade goals, risk controls and rules that can make trading decisions in a methodical way.

Whether you’re a trend follower, swing trader or penny scalper, the SetYourStop workspace will provide you with trading ideas.

We discuss charts showing the potential of momentum as they appear on our radar with the goal of becoming the most interactive community in Canada.

Join the SetYourStop crew in the Slack workspace today.

The workspace is an exclusive interactive live community of traders ranging from beginners with small portfolios to seasoned veterans placing large bets. It’s an ongoing source of trading ideas and market dialogue mixed with education. The SetYourStop crew regularly joins the conversation to give feedback and share our trading ideas with the community.

Please read before subscribing: I’m Not Your Guru

Access the Workspace

Choose the Subscription Plan that works for you:

30 Day Trial

Only $7 USD
Subscribe for our 1-month trial today and experience the benefits of learning from an Award-Winning Technical Analyst for 30 days.

Monthly

$79 USD

Our monthly plan is just that, a no-term and no-commitment subscription with flexibility and all the benefits.

Quarterly

$239 USD

Subscribe to our quarterly plan, pay once and enjoy all the benefits our membership offers
for 90 days.

Annual

$860 USD

Save money while experiencing the full benefit of our membership for 365 days of unbeatable content.

Trading Room invite will be sent to the email attached to your account within 24hrs

Contact me at:

[email protected]

SetYourStop png green

News, Breakouts, Momentum Plays & Bottoms – January 10, 2023

MY JOURNAL FOR TUESDAY – JANUARY 10, 2023

NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS

Welcome to Osprey Strategic

Nearly a Decade of Experience in the Financial Markets

Greg Schnell, CMT, MFTA, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and recent winner of the CSTA’s Technical Analyst of the Year. He is an active member of both the CMT Association and the International Federation of Technical Analysts.

Explore Greg Schnell Special Pricing Save $363.00! – LEARN MORE

 

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

ALS.TO – Altius Minerals Corp.

 

DML.TO – Denison Mines Corp.

 

FOM.V – Foran Mining Corp.

 

IVN.TO – Ivanhoe Mines Ltd.

 

NGEX.V – NGEx Minerals Ltd

 

TSU.TO – Trisura Group Ltd.

 

MOMENTUM ALERT SIGNALS

PAST ARTICLES

SetYourStop Workspace

The main focus of the SetYourStop Slack workspace is the momentum scanner that was developed to trace abnormal volatility in the Canadian equity market.

Our proprietary momentum scan system searches for abnormal volatility which flags the urgency of buyers. It was designed to signal the potential of momentum coming into an underlying name or sector. The charts issued are to be used as indicators only, not a trigger to buy or sell. Disclaimer

Once a chart is received, systematic rules are to be used, implemented by the individual (SetYourStop nor ospreystrategic.org holds No Responsibility for one’s actions as the charts given on SetYourStop and ospreystrategic.org are to be used as indicators only and not a trigger to buy or sell) to define and manage risk. Stop-loss orders are an important tool to negate any false signal. The goal is to let winners run while using trailing stop-loss orders to preserve gains.

Let Us Do Your Homework (With Full Website Access):

  • Weekly GregSchnell newsletter that will feature his top ten charts of the week.
  • Weekly GregSchnell video which summarizes the major moves in the global markets.
  • Vital GregSchnell that can be quickly look through with his top 30 charts at any given time.
  • GregSchnell Monthly conference call that is recorded and saved.
  • The Daily Setup watchlist of stocks that are signaling the potential of upside momentum.
  • The daily SetYourStop blog (News, Breakouts, Momentum Plays and Bottoms).
  • The SetYourStop Workspace.
  • Much more!
THIS IS NOT A STOCK PICKING SERVICE. THE WORKSPACE HAS BECOME MORE LIKE A COFFEE SHOP OF CLOSE FRIENDS SHARING IDEAS.

Most Traders Tend to Overthink. It’s Time to Remove Noise, Remove Emotion, & Learn How to Define Your Risk. Become a Robot!

🤖

Definition: Systematic trading (also known as mechanical trading) is a way of defining trade goals, risk controls and rules that can make trading decisions in a methodical way.

Whether you’re a trend follower, swing trader or penny scalper, the SetYourStop workspace will provide you with trading ideas.

We discuss charts showing the potential of momentum as they appear on our radar with the goal of becoming the most interactive community in Canada.

Join the SetYourStop crew in the Slack workspace today.

The workspace is an exclusive interactive live community of traders ranging from beginners with small portfolios to seasoned veterans placing large bets. It’s an ongoing source of trading ideas and market dialogue mixed with education. The SetYourStop crew regularly joins the conversation to give feedback and share our trading ideas with the community.

Please read before subscribing: I’m Not Your Guru

Access the Workspace

Choose the Subscription Plan that works for you:

30 Day Trial

Only $7 USD
Subscribe for our 1-month trial today and experience the benefits of learning from an Award-Winning Technical Analyst for 30 days.

Monthly

$79 USD

Our monthly plan is just that, a no-term and no-commitment subscription with flexibility and all the benefits.

Quarterly

$239 USD

Subscribe to our quarterly plan, pay once and enjoy all the benefits our membership offers
for 90 days.

Annual

$860 USD

Save money while experiencing the full benefit of our membership for 365 days of unbeatable content.

Trading Room invite will be sent to the email attached to your account within 24hrs

Contact me at:

[email protected]

SetYourStop png green