Today I loaded the stocks comprising the S&P500 after the close and determined the following:

Number of Pocket Pivots (257)
Number of Stocks Breaking Out (Opening above Prior Day Close, Staying Above Prior Day Midpoint, Closing Above Prior High) (425)
Number of Stocks with Favorable (>3 R/R) per Billy's simplified pivots method (373)
Number of Stocks with UNfavorable (<3 R/R) (127)

Now the fun begins...

Number of stocks with Pocket Pivots AND Breaking Out: 243
Number of stocks with PP and Favorable R/R: 207
Number of stocks with PP and UNfavorable R/R: 64

It will be interesting to track and see if there continues to be a correlation that could aid stock selection. For now, I'm content to look back in the rear view mirror only, but I'll collect the data to enable a forward view of these categories.

Every bit of edge helps ....

Regards,

pgd