MY JOURNAL FOR WEDNESDAY – NOVEMBER 16, 2022
NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS
Setting Technical Stops | Greg Schnell, CMT | Market Buzz (11.16.22)
Greg rolls through the changes in the indexes over the last month and talks about using some indicators for clues on when the rally may be over. He also discusses Chandelier Stops, Moving Average Stops, and when it makes sense to tighten stops.
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.
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BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS
CSU.TO – Constellation Software Inc.
CURA.CA – Curaleaf Holdings, Inc.
GTII.CA – Green Thumb Industries Inc.
TRI.TO – Thomson Reuters Corp.
TRUL.CA – Trulieve Cannabis Corp.
X.TO – TMX Group Inc.
MOMENTUM ALERT SIGNALS
A month ago, the Nasdaq Chart was in the bottom right corner. Tech layoffs were being announced, and the CEO/CFO/CIO teams were preparing for a terrible 2023. A month later, the market looks almost silly, …
The market has had a strong start to 2023 and numerous indicators have broken out above bear market levels. Greg walks through some of those charts that he shares with clients. The PLUMB system created …
MY JOURNAL FOR FRIDAY – JANUARY 13, 2023 NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS Trend following, risk management & long term survival w/ Jon Boorman (stock trader) EP 043: Buying stocks in uptrends, managing risk, …
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.
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- 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.
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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.
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