The Coil Report — Letter — Weekly
The week's confirmed breakouts, plus today's setups closest to a level — in plain English.
Nothing confirmed this week — a genuinely quiet stretch. That's the market's read, not a gap in ours.
Today's setups
1 top watch — in plain English.
🚦 Market check: yellow light
The market's still up but showing cracks. Translation: be patient. Watch the list below, but this isn't a week to chase anything.
SPY $776.32 (50-day $748.93, 200-day $705.46), 5 distribution days.
👀 What we're looking for (60 seconds)
Picture someone slowly compressing a spring. That's what every name on this list is doing: its price swings keep getting smaller and trading keeps getting quieter. That combination usually means the sellers are running out. When sellers run dry, even a little buying can send the stock jumping — the spring releases. We can spot a loaded spring; nobody can call the exact day it pops. So we mark the levels that matter and let the stock tell us:
🟢 WATCH ABOVE — the ceiling. The price the stock has bumped its head on over and over. If it finally pushes above this with a rush of buying volume behind it, the spring is releasing. That's the event this whole letter exists to catch.
🔴 KNOW YOUR EXIT — every setup needs a level where you admit it failed. For a coil that's the floor of the base: if price falls back through the recent low, the spring was never really loaded. Cross it off and move on. No guessing, no hoping.
These are levels to watch — not instructions to buy or sell anything.
🔎 Where these names come from
Every session, the scan covers 200 liquid large- and mid-cap stocks: the S&P 100, the Nasdaq 100, and a hand-picked list of high-momentum growth names, combined and de-duplicated. That's a deliberate choice, not a shortcut — thin, illiquid stocks produce noisy, unreliable contraction patterns, so we trade breadth for quality. It's not the whole market; it's the names worth watching.
🔥 Top watches
These are within 2% of their watch-above level. If they move, they move soon.
JPM — Watch above (pivot) $366.50 · Current price $362.79 (distance to trigger 1.0%). A move above $366.50 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
🧠 One thing to remember
A coil doesn't expire. A stock that holds its base through a rough week is often building an even stronger spring. The levels above do the watching for you — check back next issue.
The Coil Report is a financial publication, not an investment adviser. This is impersonal, general-circulation educational commentary — not personalized investment advice, and not a recommendation to buy or sell any security. Trading involves substantial risk; patterns fail regularly. Levels are reference points for your own research. Consult a licensed financial professional before acting. Not affiliated with Mark Minervini, William J. O'Neil, or Investor's Business Daily.