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Marketsmith’s “Breaking Out” stocks

Questions › Category: Questions › Marketsmith’s “Breaking Out” stocks
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Eric Ash asked 4 years ago
Hi Pat! I am a new member who just signed up for VIP. I recently had luck with Marketsmith's Breaking Out stock pick of CRNC last week. But not TMUS, I got into that one too late.  What are your thoughts on this category? Should I watch it and purchase them as they first appear? It seems stock picks first appear on Near Pivot and then might end in Breaking Out.  Thank you in advance for your awesome advice! I love your videos and your kindness in speaking to us in terms we can easily understand! Respectfully Sent, Eric (a weather forecaster for the military)
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Avatar photoOwen Staff answered 4 years ago

Hi Eric,
Pat made this video for you:
https://youtu.be/bKiuNDJl1q0

Eric Ash replied 4 years ago

Hi, Pat! Thank you so much for the kind words and your time in helping me get acquainted with the market. I use the Marketsmith app, mostly, throughout the day. It is on that app and the website. Listed under “Stock Action” will be 4 categories of Up on Volume, Down on Volume, Breaking Out, and Near Pivot. The last two categories are usually listing between 0 and 2 stocks per day I’ve noti ed so far. I am new to stock trading on a daily or weekly basis, but find it fascinating how similiar it is to weather forecasting. We have big trends to pay attention to, medium trends, and then spend most of our time on the local scale, about 10 to 25 miles to get the weather right and on time. Thank you again for the kind words!