The NASDAQ has risen steeply since finding support at the 50 dma level on October 9. Although it is now outside the 2 standard deviation Bollinger Band, that does not mean that a pull back is inevitable, although a short period of consolidation is likely. I expect the uptrend to continue as, after all, there is no where else for money to go but into stocks, and with Janet Yellen taking over at the Fed, relatively cheap money is likely to persist until unemployment is below 6%.



Breakout returns since the October 9 reversal have been truly outstanding. Here's a look at our Breakout Report since then. Five stocks have risen by more than 20%, two by more than 10% and all but two by more than 5%.

Optionable Filter

At the request of a subscriber, I've added an Option column to each of our watchlists and you can now filter for optionable stocks and also restrict alerts to only optionable stocks.

If a stock is optionable, then you will see a 'y' in the options column. All the stocks so indicated are optionable weekly. Stocks optionable quarterly at not flagged as there is only a handful of them.

To filter for optionable stocks, click the Filter Settings tab on the watchlist and set the Optionable Filter.

Restricting Alerts by Setting Alert Preferences

A common question from new subscribers is how can they limit the number and type of alerts they receive. With the addition of the new "Optionable" filter, we will revisit that topic for the benefit of new subscribers.

I have shown how to set your watchlist filters above - just remember to check 'yes' in the first three rows of the filter settings table and click "Update and Apply".

There is one more step to activating your filters.

The type of alerts you will receive are controlled from the Alert Preferences menu under Take Action - Alerts!. Here you can choose to receive Long position alerts, short position alerts, both or neither.

If you choose to receive alerts for long positions, then you can further refine your selection to restrict alerts by watchlist filters and/or your personal watchlist(s). To learn about Personal Watchlists go here.