jaxdog

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NASDAQ:INTC oh how the mighty fall from grace. But so much for nostalgia. INTC has been basing since August 2024 for over 6 months. It looks like it has support around $19. It has tried to get moving a few times but no go. Today it has tested both the longer term and shorter-term downtrend lines (DTL). It is testing today on the news that JD VANCE said AI will...

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AMEX:XBI has been range bound (wide range) for a year. Recently it has been in a downtrend as defined by lower highs and lower lows. However, it looks like we now have a recent higher high and (maybe) a higher low. There are still technical challenges like it is under all moving averages. It would look much better once it gets above the shorter-term MAs which are...

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NYSE:SNOW as of today has tested the breakout / resistance area Six times in the last 9 trading sessions. Today it tried again but it is hard to fight the market trend. However, the more it tests this area the more likely it is to successfully breakout. As always, there is no guarantee that it will or will continue higher. I am long this name at 186.90 and...

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The Russell 200 Index is clearly in an established uptrend as you can see on this weekly chart. The CPI number out this morning looks like it will push it back to the lower trendline. If recent history is still intact (it is for now), there may be an opportunity for a long trade on a reversal. All TBD. My plan is to wait for a reversal back to the upside then...

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Boeing had formed a cup with handle formation that it “tried” to breakout from at earnings. That breakout failed but not by much. It broke out again on February 6th and has since been forming what looks like a bull flag. I had an alert set on the horizontal line of resistance (breakout area) and I took a long position with a stop just below today’s low. To...

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NASDAQ:QQQ is clearly in a wedging pattern. These types of patterns “usually” resolve in the direction of the larger trend. In this case that trend is still up. This is a news driven market now so anything can happen. I have an alert set at both the top and bottom of the wedge lines. I do not plan to short this market, but should it break down, I may want to...

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NYSE:CWAN is a name most of us have never heard of. They serve hedge funds, asset managers, and insurance clients with Analytic software. It looks like it is in the process of putting in a higher low. It has regained the 8 and 20 EMAs and the MACD has turned positive. It can still go either way. There is overhead resistance at both the upper horizonal line on...

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I have been long this name for a few months now in my investment account. I have added more today with a stop on the added position size just below today’s low. There are some very big names in this ETF, it invests in AI learning as well as Quantum Computing. It looks to me to be in a Volatility Contraction Pattern (VCP), more popularly called a wedging pattern....

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Clean Energy (Solar) has been in a downtrend since January 2021! Every time it looks like it is setting up for a stage 2 breakout, it has broken down. Will this time be different? Here is what I see on this chart. TAN was in a clear downtrend until mid-December 2024. Then it challenged its previous high from the beginning of December. That failed BUT, it seems...

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AMEX:ARKK Mark Minervini made famous the VCP as a set-up. It is also simply a wedging pattern that can break either way. However, where there was a previous uptrend, like in this chart, the direction of the break is usually to the upside. The path of least resistance is a continuation of the previous trend. ARKK had a move of over 60% from the Oct 30th low to...

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NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations. I started a one third size position here with a stop on any close below the breakout trendline. Ideas, not investing / trading advice....

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AMEX:BITO Kathy Woods AMEX:ARKW fund sold OTC:GBTC and bought $92mm AMEX:BITO yesterday. They also sold $COIN. There is the news. I am more of a technical trader, and I like the set-up on BITO here. I have started a one third size position in the anticipation of a break above the small consolidation area or pennant. My stop is tight, just below today’s low...

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NYSE:XOM this is a remarkably simple U&R play. I have gone long with the undercut and today’s reversal from the low on December 12, 2023. That low was $97.48. It broke above that this morning. My stop is simple. If it closes below $97.48, I am out because it will tell me it is resuming the downtrend. Should it push higher tomorrow, I will add to my position. All...

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NYSE:FIS has been forming a base for about a year. I like how it is above the 50 DMA and all other shorter term Moving Averages. It is, however, still below an 18-month AVWAP (meaning that going back 18 months, stockholders by price and volume are slightly underwater). That may be an area of overhead resistance. It is under the 40 Week MA which can also be a...

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NASDAQ:MDB This one is high on my watchlist. If it can bounce off the upper downtrend line it will look to me to be a successful re-test of the breakout on Monday, Jan 22, 2024. This would coincide with a bounce off the 50 DMA area (red line). This area provides a well-defined risk reward area for me. One to consider if it fits your trading style. Ideas, not...

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AMEX:MSOS is a Cannabis ETF that looks to be basing for the last 4 months. Cannabis stocks have not been on my radar for more than a year. It looks like institutions are getting interested now. Since that appears to be the case, I am interested too. Maybe this should be on your watchlist too. See chart for my notations and thought process. I have an alert set...

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NASDAQ:WYNN Looks like it may be breaking out over the horizontal area of resistance. The 40 Week MA is just above and would be nice if it can break above that too. It is above all shorter term Moving Averages including the 50 Day MA in red. Wynn is rated as an outperform or buy by many brokerage houses with price target well over $100 per share. I have started...

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AMEX:FFTY looks to me like it is working on a VCP with volatility shrinking and forming a nice wedging pattern. I like this pattern “IF” or when the market turns positive. Here are the negative things I see, as of now it is trading below or right at the 18-month AVWAP. It is right at shorter term resistance. It is below the downward sloping wedge trendline. And...