MY JOURNAL FOR WEDNESDAY – October 5, 2022
NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS
Scans Help You Stay Nimble | Greg Schnell, CMT | ChartSchool: Idea Generation
Greg rolls through different types of scans to help find pockets of opportunity. Whether you are a buyer of stocks breaking out to all time highs or a buyer of stocks that have pulled back, we need a reason to push our attention into those charts. That is the power of the scan engine.
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
DSG.TO – The Descartes Systems Group, Inc.
HUT.TO – Hut 8 Mining Corp
PET.TO – Pet Valu Holdings Ltd.
PRQ.TO – Petrus Resources Ltd.
PSK.TO – PrairieSky Royalty Ltd.
SCL.TO – ShawCor Ltd.
U/UN.TO – Sprott Physical Uranium Trust
URE.TO – Ur-Energy, Inc.
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.
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.
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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.
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