AMEX:GLD was added back on the 3rd of January. I wrote an article on TradingView and on my website explaining why I like the add. Next is NASDAQ:TSLA , which is prime of a break out after a complex pullback both on the daily and the weekly. Lastly, TVC:DXY is showing strength with a tight and fast trend on the weekly and a pullback setup on the daily.
First Up, NASDAQ:OKTA , nothing surprising here. The stock did exactly what I expected it to do after we missed the entry the other day. Take a look at the video from earlier this week for more in-depth analysis. Next is NASDAQ:TSLA , I think this one can swing for a good week or two so I will be buying some shares in my IRA and my swing portfolio.
This one is simple, I covered it more in-depth on my Market Overview (shorter version on YouTube). This trade is setting up nicely with a touch of the keltner channel and a pullback that essentially trapped bears with a really nice setup bar.
I cover the Argentina banking sector and how a lot of stocks are covering the same patterns. I also discussed the complex pullback pattern that has been so prevalent in this market. We can see them in stocks like NASDAQ:LULU NYSE:WES NASDAQ:UAL and the short setup today, $S. There is also quite a few long setups. One that I like in particular is $ENB....
I am still in the first 1 good trade call for RBLX which was just last week but, I thought this would be a great learning experience to revisit. RBLX is showing similar patterns to the ones that I have been covering the last week or so. That is: * Complex pullback * Breakout * Retest of breakout point with possible support I covered this same patterns in a...
OKTA has a few components that we have talked about in recent days and I normally like these plays when the greater market plays nicely. In this case it doesn't look like we can get filled on a stop order. If that happens, I would like to keep this on a list for a second bull leg break out. Here are the pattern traits we can see in OKTA: * Earnings Gap *...
Its as simple as following a trend. In my opinion, there are 2 types of traders, trend traders and range traders. I prefer to fade range trading because it is very easy to get chopped up. The first step to being a trend trader is to first Identify a trend. I do this by using the Keltner channel. It lets me know two things: Market has pushed with enough...
I noticed something interesting, we should all know by now that stocks tend to move together. If you didn't know that, now you know! Anyway, a lot of my previous pullback candidates are now recovering and showing an interesting pattern. Here I dive into those patterns: * Complex Pullback - a pullback with 2 or more legs * Breakout from the pullback channel * A...
UAL had a previous strong slide along the bands rally and then it pulled back into a complex pullback. It looked like bears had control a few weeks ago but now we broke out of the complex pull back with new momentum and then retested the breakout point creating a higher low and with yesterday's price, a new relative high.
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After a wedge pattern played out, we had a strong bearish push to the down side. Now we are setting up for our first pullback from this initial move. This is known as the anti pattern. Check my YouTube or my website for a better explanation of this pattern.
This isn't the greatest trade in the world but, it gives me so bullish exposure when there is a ton of bearish signals throughout the market. The explosion of bullish bars in this scenario give me a short of yellow flag where this is a long setup with caution. I will be sure to move my risk up in an expediated manner.
The market as a whole is short. I would like to stay short if at all possible. There are long setups in the market that I may consider taking today but, this is my favorite setup. S is showing strength to the downside so lets try to take advantage of it.
We saw major volatility in the market yesterday. This is not something that we could have predicted. It is our job to be on the right side of the market today and moving foward after this move. In my morning overview yesterday, I talked about about how the federal reserve would cut but, likely not cut into 2025. Apparently, this was not common knowledge and it...
Other consumer stocks are looking strong right now. LULU is no exception. I think their movement is largely dependent on the federal reserve decision today on rate cuts.
The FED is set to make a decision on interest rate cuts todays. The market has them priced in already and I doubt the FED wants to surprise markets. Going forward into 2025 I don't think they cut in Q1 for this reason. This video covers: * patterns in tech stocks that resemble some climatic activity. * patterns in consumer stocks * Trades I currently in *...
The setup has everything we are looking for: Strong bull bar > 2 standard deviations Strong momentum on the MACD Small pullback with a potential for an aggressive entry
In this video, I covered all of the stocks I am looking at for potential pullback entries. I explained why I like them. I also showed patterns in certain tech charts. NYSE:HPE NASDAQ:PYPL NASDAQ:PLTR NASDAQ:WDAY $NYSE:JOBY. I talked about the current range in the AMEX:SPY and what we can look for there. I also covered two trades that I am currently in.