Tag Archives: Price Action Lab scan
This alert is about a signal generated by a scan of all Dow-30 stocks.
This alert is about signals in DJ30 stocks.
Long term investors and trend followers do not care to know if the market will rise or fall on a given day, one day in advance. A lot of traders do, including intraday, short-term, position, swing and even some option traders. … Continue reading
Last Monday I reported the formation of an inside day downside breakout pattern in SPY and I showed how that was a bullish signal based on price action analysis. Despite the drop that followed, a long position at the open of last Tuesday has generated a profit of … Continue reading
After a rare formation of two consecutive outside days, an upside breakout followed in QQQ. The resulting outside day upside breakout pattern has been historically a short signal for profit targets in the 3% range but with a low winning bias.
The p-Indicator allows a quantitative approach to scanning stocks for short-term high probability setups. Here I provide an example of how this particular indicator can be used to scan the DOW-30 stocks on a daily basis.