1/03/2013

Breakouts a galore

Last 2 days have seen huge number of stocks breaking out. There has also been good intraday as well as next day follow through on them.

After two days of big gains market might spend time digesting the move  but the breakouts on underlying stocks will continue. Any simple breakout scan would give you lot of candidates to work with.

Breakout based methods work best in momentum markets. This market may be entering that phase. A combination of momentum and pullback based methods can give you trading candidates throughout the year. 
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