Monthly Breakout Watch

We are now entering the last week of August, its time to have our Monthly breakout list ready as Thursday will open September. These names need to hold their current positions or expand higher through Wednesday's close to be considered confirmed moves.

The weakness last week was very similar to what we saw in June and July; early strength was faded but then rallied back strongly to close out the month. We will see now if August can close out like the previous two and validate these strong looking signals.

Long-term breakouts are the most powerful potential signals. It pays to align yourself with these dominant trends, even if you don't trade them directly on the monthly signal, use them as the basis to build short-term trades off of. The largest moves in the market start from strong monthly bases, this is where the real winners are born.

Lg-Cap

 

EOG

BRKB

PXD

JPM

PCLN

ECL

Growth

RGEN

FLT

BCPC

ANGI

PVTB

A few others to note that have my attention: (these will not trigger this month most likely, but it's good to keep an eye on long-term winners as they consolidate near highs)

SBUX

NFLX

V

NKE

AAPL

Studying the monthly timeframe is an absolute pillar of my trend-following process and how I build my longer-term portfolios.

Thanks for reading 

-ZT