jaxdog

jaxdog Updated 

I am seeing a lot of names out there with similar wedging patterns. I like these types of patterns as they have a fair success rate (probably about 33%, none scientific). The retail sector as a whole is doing well and $BBY is no exception. I'll be looking to open a starter position if it can move over and hold $110. TBD. If I take the trade my stop will be below...

jaxdog Updated 

$ENTG has been consolidating (although volatile) nicely since the earnings pop. Looks like a nice wedging pattern here. I have an entry trigger over $70.00 in a good market with a push in volume. You might like to put this on your watch list too. Ideas, not investing / trading advice.

jaxdog Updated 

$MDB MongoDB Rated New Outperform at FBN on Market-Share Potential; PT $260. IBD has changed market outlook to "Market in Correction." I'd be very cautious on any new entries to the long side right now. However, if this one holds up and moves higher and the market conditions change it may be at least worthy of your watch list. Ideas, Not investing / trading advice.

jaxdog Updated 

I like how $CRM is forming this bullish pennant formation and is holding up well under the market's selling pressure. I also like how it looks to want to hold the 21 day MA. I'll be watching this for a potential entry on 1. a break above the down trend line, 2. a good market and 3. increased buying volume. If I make this trade it will be a smaller than normal...

jaxdog Updated 

I'm looking for $CHGG to break out of this wedging pattern and retake the 21 EMA. I'll be looking for a long entry on a decisive close over that level. This looks like one to keep an eye on. Ideas, not investing / trading advice.

jaxdog

Looks like $TSM had a false breakout and has pulled back into this wedging pattern. I'm looking for it to break back above and at least retest the old highs... All TBD. I may even do an early entry if we get a drop and reverse today. Otherwise, I'll wait until it breaks back above the trend line. Ideas, not investing / trading advice.

jaxdog Updated 

Just opened a position in $AMD. Entry $77.22 with a stop below today's low... Risky trade in this market but $AMD is strong here. The overriding idea of this trade is the fact that it is holding it's 50 day line... all TBD. 1/3 position. Ideas, not investing / trading advice.

jaxdog

As you can see by the notes on my chart I have built a small position in $APPS. They have great fundamentals and look how it's held up during the market sell-off. I like how it seems to be consolidating here. On any break to new highs I will keep pyramiding into what I think could be a monster move... all TBD. This one is worthy of anyone's watch list. Ideas,...

jaxdog Updated 

I missed my entry on this one on September 15 after it's confirmation of bouncing off the 50 day. I'm hoping for a drop and reverse tomorrow ( meaning it drops below today's low and then reverses and moves higher). If that happens I'll take a small position when it moves back over today's low (will be yesterday's low tomorrow). If it does not drop and reverse,...

jaxdog Updated 

I've been watching $ESTC for an entry on breakout of this pattern. If this can push above today's high, I'll be looking for an entry over $107.30 with a very tight stop below today's low. Target is back to previous high. All TBD. Ideas, not investing / trading advice.

jaxdog Updated 

$GOOGL seems to be respecting the channel it's formed over the last few months. I'm looking for a long entry over the 50 day somewhere around $1544. My trigger will be; first a good market, second a close over the 50 day and a push in buying volume. All TBD... Ideas, not investing / trading advice.

jaxdog Updated 

No question that there has been a change of character in the Q's. While we are not out of the woods and there is plenty of reason to be cautious here. I'm still bullish on the idea (not a prediction) that $QQQ will resume it's prior trend or at least mirror that previous trend going forward. All TBD. In the meantime, all my trades are small with very tight stops.

jaxdog Updated 

As you can see the "Regression" trend line is in tact. The chart shows one other time that we entered an area of wide volatility (both highlighted). While I can't predict where it's going, you must be open to a continuation of the trend.

jaxdog

$DOCU has been in a consolidation pattern here for a quite awhile with quite a bit of volatility that seems to be calming down. I'll be looking for a reversal bar to take out today's high of $195.24. Worthy of your watch list. Could happen tomorrow... TBD. If we get a reversal with volume and a good market I'll be taking a small position just to get started....

jaxdog

As you can see the NASDAQ has respected the regression lines for quite awhile now. Once it gets to the upper regression line it pulls back and / or moves sideways and when nearing the bottom reverses and moves up. I'd suggest not getting heavy into $QQQ stocks at this time. Of course it can break the regression line and move higher and out but I'd take that as a...

jaxdog

The market was not conducive to many trades today. But, I'm looking for $PTON to move back up into this channel. I'll have an entry trigger above today's high at $67.80. I entered this yesterday 8/13 @ $66.34 but it weakened today so I closed it at $64.83 for a small loss. Looking for a re-entry. Ideas not investing / trading advice.

jaxdog Updated 

Still 1 hour and 45 minutes left in the day buy it's looking like $TDOC could be forming a very bullish morning star candle. TBD. If so, I'll take a chance tomorrow to go long with a stop just below today's (8/12) low.

jaxdog

Need to keep an eye on this to see if NASDAQ $NDX can hold onto it's current trajectory. Best to keep an open mind to either a reversal to higher highs or a break in character. TBD