jaxdog

jaxdog Updated 

I am posting the AMEX:SPY chart as many of the trade ideas I have posted over the last few weeks have not worked out well. This chart tells the story. The market has been choppy. While it is my belief that this is a normal pullback in a stronger secular trend, as a trader, I need to simply trade the chart in front of me and right now the market is fading. Many...

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NYSE:LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the...

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I have been keeping an eye on NASDAQ:AAOI and wanted to get in a couple of weeks ago but did not want to chase it. It has now pulled back and the last couple of days have been explosive. I took a one-third sized position yesterday (1/4/24) and added two times today to bring up to a full position. The proper or traditional entry is yet to come as it breaks above...

jaxdog

NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details. Wolfe Research Upgrades General Motors to Outperform From Perform Jan 4, 202408:27 EST General Motors Company GM has an average rating of outperform and price targets ranging from $27 to $95,...

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AMEX:KWEB the Chinese stock ETF is looking like a due or die situation here. The negative is that it is in a longer-term downtrend. It is now just hitting the underside of the 50 DMA; it is below the 40 Week MA and nearing the top of the downtrend channel. Here are the positives; it seems to have stopped the downtrend with a slight undercut and rally from the...

jaxdog

NYSE:ONON this high-end athletic shoe and clothing maker may be one for your watchlist. See the chart notations for technical details. I like this formation as it works more than 50% of the time. I like how it is above the IPO AVWAP. It has just tested the 50 DMA and may bounce here. The best entry would be over the upper short term downtrend line in the handle...

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NASDAQ:CELH Has recently had 2 events: Earnings, which beat expectations and had an initial upward push on price then failed. Then it had a 3/1 stock split. One must wonder why the split as the market did not seem to like it. The pullback, which is a little steep, may be finding support at both the most recent lows and a rising 40 Week MA (white). Of course, I...

jaxdog

I have been in and out of NASDAQ:MBLY several times in the last few months. I posted an idea a few weeks ago (link below). I am back in this one this morning as it breaks above the most recent high. It looks to me that it is getting ready to run. All TBD. My stop is below today’s low. If it does not work, I will be out for a small loss. I will look to add on...

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I traded NASDAQ:TSLA last week when it broke out of that inner wedge pattern. It went quickly and then pulled back. I made a good profit on a 2-day trade. A link is below for last week’s idea on the trade. It looks to me that Tesla is finding some support in the low $230’s area. I have an alert set just over today’s high. If it triggers and the market are doing...

jaxdog

Who says you cannot make big returns on ETF's? AMEX:TAN the Solar Sector ETF Is on fire. It looks like rotation back into the beaten-up sector. Names Like NASDAQ:FSLR and NASDAQ:ENPH up even more. Rather than take the risk on an individual name I have opened a ¼ sized position in this ETF. I will be looking to bring this up to a full-sized position on any...

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NYSE:OSK Here is another play on electrified specialty vehicles. Check out their website www.oshkoshcorp.com Pretty cool stuff. I have been watching this one for a good entry since earnings on Oct 23rd. I missed the pullback breakout on Nov 13th, but it has pulled back again and looks to be breaking back above that pullback. I have started ¼ sized position and...

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NYSE:U has been a bit of a troubled stock. However, they did beat on earnings, and they have announced 265 job cuts and office closures to boost profit. I am taking a chance here on a "turnaround play." I opened a ¼ size position just a bit ago. I’ll place my stop just under the low of the day (that’s about a 9% stop, bigger than I like but it has moved that...

jaxdog Updated 

I have been long NYSE:ONON for about 2 weeks and have averaged in with a cost basis of 29.20 so I am currently underwater, but it has not hit my stop. If it stays above my stop, I will continue with the trade. I have a ¾ sized position and will look to add to a full position once I am at least $1 over my average price. I am posting this idea today because I...

jaxdog Updated 

NASDAQ:CLBT Beat on earnings with an 800% surprise and earnings growth of 1,000% as reported on November 14th. Cellebrite sells software to the Police, and all government entities. They state that: Cellebrite's mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. Now to the...

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I traded NYSE:VRT about 3 weeks ago on the break above the declining trendline shown on the chart. It had a lackluster move, so I closed it out for 1.12 profit per share over a 2-week span, too slow for me. Yesterday saw a lot of buying on big volume. I wanted to wait until this morning to see if there was going to be any follow through. Yes, it happened so I...

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Here is another off the radar company that has the potential to double in price over the next year. Today it is peaking out over a most recent flat base. Since the most recent low on Oct 31st, this stock has rallied by over 30% and is hitting a 52-week high today as well. I do not know if it can get back to the all-time high of about $147.00 per share but I do...

jaxdog Updated 

NYSE:RAMP may well ramp up here. They had nice earnings beat with a Power Earnings Gap (PEG) and now some nice consolidation. I have placed an alert just over yesterday’s high. Should it trigger, I will look to a lower timeframe for a good risk reward entry. I like these kinds of set-ups as the risk can be clearly defined. So, if the trade does not workout I will...

jaxdog Updated 

The semiconductor sector has been on fire since bottoming out at the end of October. In fact, the low to the high in November was just over 21%! Some consolidation of those gains would be healthy. I am looking for the NASDAQ:SMH ETF to fill the gap from Nov 14th. I am not predicting that it will however, I am thinking that is a good possibility. I have an alert...