New Highs and New Lows: Breadth Context for Breakouts

The index closes at a fresh high, the headlines call it a strong market, and my breakout list has three names on it. Two of them reverse back into their…

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Index Extension Above the 50-Day Moving Average Explained

A base breakout clears its pivot on heavy volume, and the setup on the stock's own chart looks clean. The benchmark index closed at 4,780 that same day, with its…

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Leading Stocks: Reading a Leader Group Against the Index

Picture an index chart that looks healthy. It closed the week at a new high, its 50-day moving average is rising, and the heaviest volume sessions of the month were…

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Index Weighting Methods: Price, Market Cap, and Equal

The index closed up eight tenths of a percent, and my watchlist was a wall of red. Most of the names I follow finished lower on the day, yet the…

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Relative Strength Line: The Leading Breakout Filter

Two stocks break out to a new 52-week high on the same morning. Same chart pattern, same volume surge, same clean handle. Six weeks later one has added 40 percent…

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