Hola fellow earthlings.  It’s time again for another extraordinary edition of the breakouts stocks review.   With the Dow and S&P in unchartered territory comes breakouts and lots of them.  The highest of the high quality breakouts were made in China and the shippers didn’t fare too badly either.

As always, please click on the image below for an enhanced "eyeball ready" version of the breakouts list.
If you’re at all curious about how the Breakout Tracker was put together and what all that data means here’s a good resource: A detailed look at all the Breakout Tracker data.

Over the past few weeks there were an unusually high number of high quality breakouts.  This is just an appetizer.. the full, all you can eat buffet of breakouts is provided to the appreciated people who support my research with a kind donation from time to time.

At the top of the list we begin with.. I thought that was a China play! No,  Gmarket (GMKT) hails from the freedom loving, tech savvy  nation of South Korea.  Either way, this is a company with tremendous growth since posting profitability in 2005.  The stock went public in summer of ’06 and provided the first opportunity to get in after breaking out just a couple months later in October.  It’s October once again and the stock is up to its old tricks, breaking out with a vengeance.  It offered the first entry opportunity on a break above the handle formation of a cup with handle formation .10 above the pivot point at 24.58 on October.1st.  Since then it’s gone on to bust out to new all time highs.  Considering the run it’s had and the vulnerability of the overall market right now, I’d be patient with this one if you don’t already have a position.  I personally don’t own a position and will wait for a pull back to around the first point of entry which would provide a good lower risk entry.

There were China breakouts in the past 2 weeks.. really there were.  Check out Trina Solar (TSL) but don’t be fooled into thinking that’s the best China solar play.  That award belongs to JA Solar (JASO), which broke out at the end of September.  Another China breakout on the list is medicinal plant producer [Medicinal plant producer makes it sounds like they grow grass.  Let me rephrase that.  Developer of plant based pharmaceutical and nutraceutical products.  Ok, now they sound legit.] American Oriental Bioeng (AOB), one of the few China plays that doesn’t sport an "off the charts" valuation.    It looks like it might pull back a bit more here, so keep an eye on it for another entry point (it broke out at 11.95 from a double bottom base).

..and how about those Greek Shippers!  Quintana Maritime (QMAR) and Diane Shipping (DSX) were both featured as trades of the day on October 2nd as they busted out to new all time highs.

Last but not least, you have to pay attention to a few of the highest rated oil breakouts over the past couple weeks – Diamond Offshore (DO), GlobalSanaFe (GSF) and Transocean (RIG).  Is it any coincidence that all three are offshore drillers? NO!  These guys find oil under hundreds of miles of ocean water.  Barrier to entry.  Stronger than the US/Mexico border.  Profit margins through the roof.  Your profits over time .. not too shabby.

Disclaimer: The only stock I currently own personally is Diana Shipping (DSX) but am considering them all for purchase in the future.