I caught the Insurance sector break out early by doing this

Nov 25, 2023

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"You do not rise to the level of your goals. You fall to the level of your systems" ~ James Clear, Atomic Habits

Not all breakouts lead to a sustained momentum burst.

But,

Most momentum bursts start with a breakout.

If, a bunch of stocks from the same group/sector collectively have a breakout on the same day or consecutive days.

This could mean the start of a rally/momentum for that particular sector.

Now, NOT all collective breakouts lead to a sectoral move.

But, most sectoral moves start off with multiple stocks from that sector breaking out together.

Key point: These moves are always accompanied by high relative volumes.

How do you catch these moves?

This will mostly catch the START of momentum.

Big Base Breakout with High Volumes scanner results on 16th November 2023:

Big Base Breakout with High Volumes scanner results on 17th November 2023:

So the simple scan catches about >60% of insurance players on 2 back to back days?

What does it tell you?

Today the PSE ones had a continuation of momentum. See below

Is one of the 3 scanners I run every day.

I discussed this insurance sector breaking out on HPA-weekly last week with my private group HPA:

All my peak scanners are a part of my Masterclass and HPA.

The least I can do is help you stop losing money, turn profitable, and beat the market consistently by helping you catch sector rotations early.

Take action today.

Details below:

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Watch my 1st session of the Autumn 2023 batch.

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Sakatas “sectoral strength” Homma.

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The Technical Take