jaxdog

jaxdog

I have been keeping an eye on NYSE:TWLO for some time now. It had been in a downtrend with a series of lower lows. That changed last week when it put in a higher low. Now it has broken above the downward sloping trendline and Wedging Pattern. I’m looking to go long with an entry on a 5-minute chart. This got away from me this morning, so I’ll look for some sort...

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Looks to me that NYSE:YETI may be ready to make a move higher if the market rebounds. So far today it is shaping up to be an inside day (the day’s not over). This may take a few days or weeks to develop so maybe something for your watchlist. If it does not drop below and stay below the range established after earnings, I will look for a good long entry. If it...

jaxdog

CBOE:SPX Is sitting right on the 10 Week MA (covered by sloping trend line) and on the up-sloping trend line 1. The next area of support comes in on the horizontal support line around 4290. Below that are both the 40 Week MA (white) and trendline #2. Visiting any of these areas would not negate the overall uptrend. Nothing says any of these will hold. They are...

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NYSE:CVS released news today that Blue Cross of CA will no longer use them for prescription management. As a result, we have a big sell-off which may be overdone. TBD. I am looking at this as a potential U&R. I have it measured against the most recent lowest low of $66.34. I have an alert set crossing over $66.40. If that triggers and on a 5-minute chart and it...

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NASDAQ:TSLA , I like trading this stock when it’s trending up. I am not good at short selling, so I simply do not do it. I’m looking at a couple of possible support areas on this chart. Of course, there is no guarantee that these areas will hold. Tesla is clearly in a down trend a well below the 20 Day EMA. I will be watching these areas closely for a reversal...

jaxdog

There is a lot to like about this NASDAQ:COIN chart. First, it has had a long stage one base (about a year). It seems to have established an area of resistance during that basing period. Then on July 11, 2023, it broke-out with big volume, retested the next day the then on July 13th it had the biggest volume day since May 2022. Since that breakout it has...

jaxdog

NASDAQ:PANW may be actionable here if it fits with your trading plan. I missed the big breakout (May 24th) and the run up after the last earnings report. It has now pulled back and based for 3 weeks and looks to me as though it is breaking that base. I started a ¼ size position Jul 27th and was under water by end of day, but it did not hit me stop. I added again...

jaxdog

NASDAQ:NFLX looks to be breaking out after a short consolidation period. This pullback, even though it had big initial volume, has been orderly and shallow. I went long ½ size position on Friday July 28 on the gap up open and made it a full-sized position today. See notes on chart for my thinking. Ideas, not investing / trading advice. Constructive comments...

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NYSE:VTR broke out with a bullish engulfing candle on June 29. I like that breakout because of the engulfing candle, it took back the 40-week MA (White), it broke the downtrend line. NYSE:VTR was on my radar, but I missed the breakout on the 29th. I did start a ¼ sized position on the 30th on the pullback (in at 47.43). I added again today at $48.08 for a ½...

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I have a small position from July 11 on regaining all shorter-term MAs in anticipation of a new breakout. It looks as though that may be happening today. See all my notations on the chart. What I like about this is that we have a nice long base lasting about 9 months. The 18 Month AVWAP is now right at the area of resistance and price is over both. The chart...

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Looks like NYSE:VIPS had been basing for about 5 months before breaking out of resistance on June 6 on slightly better than average volume. Since that breakout and peak on June 15th, it has been pulling back to the breakout area. I like these retest entries. Depending on the market today and the performance of NYSE:VIPS , I will be looking to enter a trade on...

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NASDAQ:Z I was waiting for a pullback in this name as I missed the initial breakout. It looks to me that it has / is testing that today. I used a 5-minute chart to make an entry after it pulled back and then reversed higher. I have a very tight stop just under today’s low which coincides with both the resistance / support line and the 21 EMA. I posted this idea a...

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I have had my eye on both NASDAQ:Z & $RDFN. They are both breaking out today as well as several real estate stocks (see news below). I do not yet have a position in this, but I like it and will look for an entry on most any pullback. (I’ve noticed that most breakouts seem to retest the breakout area.) Here is what I see on the chart that makes this a top...

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NYSE:EL I bought a ¼ size position yesterday, June 14, and added again this morning on follow through. Now ½ sized. It recaptured it’s 21 EMA yesterday and just barely had a Pocket Pivot. I have a tight stop on this as it’s way below the 50 DMA and the 40 Week MA. If you like bottom fishing, you might want to look at this one. Oh, and they also say they are...

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NASDAQ:APPN Looks like it broke out today on about 20% higher volume than the last 10-day average. It was not a Pocket Pivot as the volume did not exceed the highest down volume in the last 10 days. However, there have been 2 Pocket Pivots Since the Earnings announcement on May 9th. I missed this 9 ½% move today and I think it may be extended. I will be looking...

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NASDAQ:SOUN is an AI stock that has not gotten much love as with other AI themed issues. Maybe one reason the market has been ignoring it is that has yet to make a profit. However, they are in the AI voice response business which cuts across many industries. While I think they have a bright and disruptive type future, it is the market’s opinion that matters. You...

jaxdog

Hooray for small caps! It is looking to me like AMEX:IWM (Russell 2000 small cap ETF) is ready to participate in the newest market rally. This is great news as it shows the market is broadening with more participation. I do not have a position yet, but I am looking to start one if this keeps showing strength. I may even use the 3x levered AMEX:TNA as a...

jaxdog

Unity Software made big news (or was it) with the announcement that their software would be part of Apple Vision Pro. This may or may not be a big deal. Apple my not have hit the mark on VR with a headset that costs near $4000… not exactly for the mass market, IMO. That said NYSE:U has been steadily increasing revenue and finally made a .01 cent profit last...