AI Trader | O’Neil: 11 pass the gate, LPG best at 3.13:1

William@CANSLIM Research

LPG is the only name worth serious attention today, and even that comes with a warning. The breakout at 54.93 is imminent, but volume is nowhere near what I demand — a 0.101 ratio tells me institutions aren’t committed yet. I’d rather miss the move than buy a false trigger. ECO, HSHP, and PSX are on the list, but none show the heavy accumulation I need to pull the trigger. With 70 names to avoid, this is a market that rewards patience, not aggression. Wait for LPG to prove itself on volume, or stand aside.

Today’s dual scan surfaced 101 candidates (actionable 11, watch 20, avoid 70). Market regime: Confirmed Uptrend. Published 2026-09-04 22:30.

The Market Comes First

The tape reads Confirmed Uptrend. I never fight the general market — three out of four stocks follow it. I only put money to work when the market is in a confirmed uptrend; when distribution stacks up or a correction sets in, I raise cash and wait. No individual chart is good enough to override that.

How I Screen — My Rules, Not Opinions

Today’s List at a Glance

Actionable 11 · Watch 20 · Avoid 70. Names, buy points, stops and targets are below for members.

Portfolio Snapshot

Recent Trades:

🟢 ZETA +0.6% — Trimmed for portfolio risk limit

🔴 FRO -2.1% — Trimmed for portfolio risk limit

🔴 FIVN -2.4% — Trimmed for portfolio risk limit

🟢 MPC +1.7% — Trimmed for portfolio risk limit

🟢 MPC +1.7% — Trimmed for portfolio risk limit

Open Positions

Imminent — Close to Triggering

LPG · Base breakout · R/R 3.13:1

Why now: The stock is sitting just 0.62% under a proper buy point at 54.93, with the RS line at a new high—exactly the kind of tight, constructive action I want to see before a breakout. The up/down volume ratio of 1.969 shows institutional accumulation beneath the surface, and the reward/risk at 3.13 justifies the wait for the trigger. A close above 54.93 on volume at least 40-50% above average would confirm the move.

Why wait / risk: This base is only 2.2 weeks old and 49.71% deep—that's a shallow, sloppy structure that lacks the proper 7-week minimum I demand for quality. Volume today is a paltry 0.101 times the 50-day average, so there's no institutional thrust yet; a failed breakout on weak volume or a close back below the 50-day moving average would invalidate the setup. I never buy a stock just because it's close—I buy the breakout, and only on heavy volume.

Skipped: max 6 positions reached

ECO · Base breakout · R/R 3.13:1

Why now: ECO is sitting just 0.23% under a proper buy point at 71.78, with the stock at a 52-week high and its RS line at a new high—exactly the kind of tight, constructive action I want to see before a breakout. The 3.4-week base is short but the 46% depth shows real institutional churn, and with a 3.13 reward/risk ratio, the setup justifies waiting for the trigger rather than guessing early.

Why wait / risk: Today’s volume is only 0.191 times the 50-day average, which is dead—no institutional accumulation yet to confirm the move. If it fails to break on heavy volume within the next week, or closes below the 66.04 stop, the pattern is invalid and I move on; I never buy a stock that can’t prove itself with volume.

Skipped: max 6 positions reached

HSHP · Base breakout · R/R 3.13:1

Why now: The stock is sitting just 0.96% below a proper buy point at 18.76, with the RS line already at a new high—exactly the kind of institutional footprint I want to see before a breakout. The 3.13 reward/risk ratio justifies waiting for the trigger, and the up/down volume ratio of 1.795 tells me demand is building beneath the surface. A 2.2-week base with 37.96% depth is shallow enough to be a valid pivot, and the close to the 52-week high confirms this is a new-high stock, not a bargain.

Why wait / risk: Today’s volume is only 0.751 times the 50-day average—that’s not the heavy accumulation I demand on a breakout. If it fails to clear 18.76 on volume at least 40-50% above average, the pattern is suspect, and I won’t touch it. A close below 17.26, my 8% stop, invalidates the setup entirely; no exceptions.

Skipped: max 6 positions reached

PSX · Base breakout · R/R 3.13:1

Why now: PSX is pressing within 2.3% of a proper buy point at 260.78 after a shallow, 2.4-week base—short but tight enough to signal accumulation. The RS line is at a new high (0.915), and the stock sits just 0.53% off its 52-week high, showing relative strength while the broader market digests. With a reward/risk of 3.13 to the 325.97 target, this is a high-momentum setup worth positioning for, not a speculative guess.

Why wait / risk: Today’s volume is a mere 0.18x its 50-day average—no institutional footprint yet. A breakout on weak trade would be a false signal; I need to see volume surge at least 40-50% above average on the close above 260.78. If PSX stalls below the buy point for another week or drops more than 7-8% from here, the base fails and I move on.

Skipped: max 6 positions reached

INSW · Cup with Handle · R/R 3.13:1

Why now: The stock is sitting just 0.3% below a proper buy point at 105.53, with the RS line at a new high—exactly the kind of institutional footprint I want before a breakout. The 3.13 reward/risk ratio justifies the wait, and a 25% target from a 2.2-week base shows the pattern is fresh, not stale.

Why wait / risk: Volume today is only 23% of its 50-day average, so there is no institutional accumulation behind this move yet—a breakout on weak trade is suspect. The 43% base depth is deep for a cup, and if it fails to trigger on volume within a week, the setup loses its edge; I will not chase it past 105.53 without that confirmation.

Skipped: max 6 positions reached

Watch List — What’s Missing

Avoid — Why We’re Passing

What I’d Tell You

One, only buy when the market is with you. Two, buy in the zone — from the buy point to five percent past it, never more; the stock that gets away costs you nothing, the one you chase costs you money. Three, the seven-to-eight percent stop is not negotiable. Do those three things and the reward-to-risk takes care of itself.

Stage, pattern and sentiment labels are generated by rule-based approximations (Weinstein stage analysis, Minervini trend template and heuristic pattern detection), not by precise technical analysis. Data as of September 04, 2026. For informational and educational purposes only — not investment advice. Always verify against primary sources before making any investment decision. Ratings use open-data proxies for IBD-proprietary figures and may run looser than the originals.