futuresinsightblog.com » breakout

The Breakout Trade in Stocks Today

Scott Hoffman — Tue, 10 Feb 2009 22:27:18 +0000

I wrote a bullish post about stocks this weekend; let’s revisit them to see what changed. The original post is here. Friday’s rally took the S&Ps to resistance around 870-870.13 was a 50% retracement of the January selloff, and 876 was the swing high from late January. This was important resistance for S&Ps to clear [...]

STI Watch List for 2/5

Scott Hoffman — Thu, 05 Feb 2009 13:45:40 +0000

Stocks- Failed rally yesterday, more downside today? NQH- 1199 support USH- Bottoming? JYH- Downside break of trendline ECH- No reaction to ECB meeting? BPH- There it goes-14644 is next objective CDH- Still looking for a breakout GCJ- Rally on a breakout mode day, 931.30 was last swing high SVH- Breakout over last swing high of [...]

Midsession Comments for 2/4

Scott Hoffman — Wed, 04 Feb 2009 17:58:51 +0000

SPH- Good day for the bulls, 850 is resistance. Tomorrow will be a sell short day. NQH- It’s the ‘90s all over again-tech is in! 124475 was the last swing high. USH- Messed around on both sides of the 12609 support area. JYH- Testing trendline support around 11140. BPH- Testing resistance at 14536. A close [...]

Midsession Comments for 2/3

Scott Hoffman — Tue, 03 Feb 2009 18:12:26 +0000

USH- Looks like the reversal action from last week Tues/Weds (1/27-1/28). Watch the 12609.0 low of the move. ECH- 13008 is Fib retracement resistance, tomorrow will be a momentum sell short day. SFH- Good breakout rally; the best of the money from this trade is probably made. GCJ- 892.20 is old high support SVH- 1208 [...]

Time for Sugar to move?

Scott Hoffman — Mon, 10 Dec 2007 17:04:49 +0000

March sugar spent much of November basing, forming a channel between (roughly) 970 and 990, and had recently made a double top around 997. Friday was a doji bar, and with a bullish MACD crossover, things may be looking sweet for sugar (sorry about the terrible pun). First resistance is a 50% retracement level at [...]

S+P Breakout Setup

Scott Hoffman — Mon, 10 Dec 2007 16:04:50 +0000

S+Ps had a breakout setup today-a narrow range and a doji bar on Friday. Today I am looking for a directional move out of that setup. This is a bit of an anomaly ahead of tomorrow’s FOMC meeting, as you might expect traders to be trading cautiously ahead of such an important event, but the [...]

Futures Breakout Setups for October 23

Scott Hoffman — Tue, 23 Oct 2007 12:40:32 +0000

Lots of volatility yesterday means a thin slate today: Stocks-A range contraction could lead to another directional move today. Dec Bonds-A doji and a relatively narrow range yesterday should give a breakout setup today Dec Hogs-Looks like another breakout setup, or nobody has cared about the hog market for the past week or so.

Breakout Setups for October 22

Scott Hoffman — Mon, 22 Oct 2007 12:17:14 +0000

Slim pickings after Friday’s nearly across the board volatility: Australian Dollar-already did breakout down Sunday night. December Copper-Again, broke sharply in overnight activity December Gasoline-A strong breakout under the recent 214 low January Soybeans. For more information on how to recognize and trade breakouts,go to the Trade or Fade homepage-see the link on the right, [...]

Breakout Setups for October 19

Scott Hoffman — Fri, 19 Oct 2007 01:52:09 +0000

Markets I’m watching for breakouts: Stock Indices-ESZ7, DJZ7, ERZ7 CDZ7-Canadian Dollar SVZ7 WZ7, KWZ7-Wheat, both Chicago and KC. See the Trade or Fade web site for how to trade breakouts: http://trade-or-fade.danielstrading.com

Price Action in Cotton

Scott Hoffman — Fri, 19 Oct 2007 01:39:54 +0000

December Cotton was a breakout candidate today-yesterday had a narrow trading range, and although it wasn’t an inside day (I like the ID/NR combination as a breakout signal), it was a doji, so I knew to be looking for a breakout trade on Wednesday. The chart below is of the day session only-you don’t have [...]