Notes: * Very strong up trend since 2016 * Great earnings track record * Basing for the past ~5 months * Created a double bottom and is now approaching the top of the handle * Recently bounced off of its 50 day line * Offering a low risk entry Technicals: Sector: Industrials - Engineering & Construction Relative Strength vs. Sector: 2.23 Relative Strength vs....
Notes: * Coming up on the right side of its IPO base * Has been using its 50 day line as a dynamic level of support * Recently broke above an important resistance level around 11.22 with higher than average volume * Has been increasing steadily in price and volume * Printed a pocket pivot with squatting price action (not ideal) Technicals: Sector: Consumer...
Notes: * Strong up trend since March 2020 * Good earnings in the recent quarters * Has been basing for ~5 months now * Seems to have formed a double bottom with a handle * Printed a pocket pivot with a bullish pin bar in the last session * Red lines denote historical levels Technicals: Sector: Energy - Uranium Relative Strength vs. Sector: 2.32 Relative...
Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking out of a base on base pattern of about 4 months * Has been testing broken resistance of 76.57 as support for the past several sessions Technicals: Sector: Consumer Defensive - Packaged Foods Relative Strength vs. Sector: 7.77 Relative Strength vs. SP500: 1.08 U/D Ratio:...
Notes: * Steady up trend on all time frames * Okay earnings track record * Trying to break above historical resistance of the ~52.8 area * Pulled back to the 50 day line * Printed a bullish outside day in the last session * Earnings report reaction sold off to the 50 day but bounce from there indicating demand around the $50.34 area Technicals: Sector:...
Notes: * Strong up trend since late 2021 * Great earnings track record * Building a base for the past ~4 months * Building a pivot area around $37.8 for the past three weeks * Bounced off of the 50 day line with higher than average volume * Has been using the 50 day line as a dynamic level of support for the past month or so Technicals: Sector: Healthcare -...
Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the pas ~9 months * Moving higher from its launch pad with higher than average volume and another quarter of better than expected earnings * It's also breaking out of an ascending triangle Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs....
Notes: I last spoke about this on July 26, 2022 and since then gone up but came back down erasing almost all of the gains. If you didn't take profits earlier on its gap up that's okay as it seems like $AJG may be making the handle to its cup. Keep an eye on the $170 area as it should hold as support. It seems now that the earnings reaction has passed it may...
Notes: * Strong up trend since 2020 * Great earnings track record * Basing for the past ~9 months * Just broke back above IPO highs of $14.9 on the monthly time frame and retested it as support * Recently came above its 200 day line and now coming above its 50 day * Showing strength and accumulation * Printed a pocket pivot in the last session indicating...
Notes: * Strong up trend * Not the best earnings record but the last report was really good * Creating a base within a base * Recently broke above historical highs of 14.42 * Increasing volume since the last earnings report * Recently bounced off of the 50 day line with bullish price action and volume Technicals: Sector: Real Estate - REIT -...
Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking out of a ~14 month cup with handle pattern * It did break out before but then pulled back (seems like a shakeout) * Now it's been in a tight range just above the broken resistance creating new support * The last session printed a pocket pivot indicating institutional...
Notes: * Strong up trend * Good earnings in the recent quarters * Pays out a nice dividend * Created a double bottom and is now moving up on the right side of its base * Recently bounced off of its 50 day line Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 5.8 Relative Strength vs. SP500: 3.16 U/D Ratio: 1.16 Base Depth:...
Notes: * Strong up trend on all time frames * Great earnings track record * Pays out dividends * Coming up on the right side of its base * Basing for the past ~9 months and creating a base within a base * Just breaking above the ~112 (historical resistance weekly chart) area with higher than average volume and bullish price action * In the Automotive industry...
Notes: I last mentioned $MUSA on July 7th, 2022 and since then it has run up more than 12% hitting our target. Since hitting our target $MUSA has been in an orderly pull back to the broken resistance of $262.58 and testing that as support. * Ideally, this should now hold above $262.58 in order to stay constructive. A daily close, or two, would signal...
* Breaking out of an inverse head and shoulders pattern * Measured objective for the pattern is around the all-time-highs You can trade the ETF itself or find buying opportunities in individual stocks in this sector. DYDD before buying anything and always manage your risk!
Recession fears are hitting oil prices pretty hard. This is how far I think it may go. Currently $WTI is making a descending triangle. This pattern is generally bearish because bulls have to hold a level of support while struggling to make higher highs. It's also currently struggling to hold above its 200 day line. If $WTI breaks lower, below $92.91, it will...
Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~7 months * Offering a very low risk entry * Recently saw a retest of its 50 day line * Held up really well while the general market and the Financial sector where taking a beating Technicals: Sector: Financial - Insurance Brokers Relative Strength vs. Sector:...
Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative...