MY JOURNAL FOR MONDAY – September 12, 2022
NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS
Are These Charts Ready to Pop? | Greg Schnell, CMT | Your Daily Five (09.07.22)
If the stock market can make a bottom here in the next two weeks, this would be an interesting place to be long into the fourth quarter. Greg points out some charts that could be ready to pop.
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
AAPL.NE – Apple Inc – Canadian Depository Receipt
AMZN.NE – Amazon.com Inc. – Canadian Depository Receipt
ATA.TO – ATS Automation Tooling Systems, Inc.
BIR.TO – Birchcliff Energy Limited
DIS.NE – Walt Disney Co – Canadian Depository Receipt
FRU.TO – Freehold Royalties Ltd.
GS.NE – Goldman Sachs Group, Inc. – Canadian Depository Receipt
SMU/UN.TO – Summit Industrial Income REIT
SNC.TO – SNC-Lavalin Group, Inc.
MOMENTUM ALERT SIGNALS
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.
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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.
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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