• Trading Notebook: $VIX $MP $RCL

    $VIX once again killed. $MP Strong breakout today for MP through resistance. $RCL recapturing the steep rising trend-line following CCL earnings coming in strong.

    By |Published On: December 21, 2023|0 min read|
  • S&P 500 (SPY)

    Trading Notebook: SPY, FDX and GOOGL

    S&P 500 (SPY) Kinda looks like a rug pull if you ask me. Fedex (FDX) long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond top on Alphabet (GOOGL) with a hard reversal and breakout to the upside which nullifies the pattern. Which is also

    By |Published On: December 20, 2023|1 min read|
  • Penn National Gaming (PENN)

    Trading Notebook: PENN, AFRM and DKNG

    Penn National Gaming (PENN) has struggled to hold the breakout above resistance and is once again attempting to change that theory with another breakout attempt. Amazing breakout for Affirm (AFRM), but currently running into some long-term resistance that hasn't been tested in a while. Not sure whether it will reject price or not, but if

    By |Published On: December 19, 2023|1 min read|

  • Trading Notebook: $XLE $GPCR $NIO

    Energy sector failing to push through the declining channel. $XLE $GPCR these days there's no limits to what the bulls won't go to, to buy the dip. This time off of a -50% push lower & bounce off the rising trend-line. Gap and crap on $NIO following the gap higher. Watch to see here whether

    By |Published On: December 18, 2023|1 min read|

  • Trading Notebook: $DKNG $BA $COST

    Head and shoulders nearing a confirmation on $DKNG What changed in from 11 straight weeks of declines for $BA where nobody wanted the stock to 7 straight weeks of dramatic price increases and a 50% rally where no one can get enough of this stock? $COST: A perfect example of FOMO taking over a stock

    By |Published On: December 15, 2023|1 min read|
  • Tesla (TSLA)

    Trading Notebook: TSLA, LLY and RIVN

    TSLA clean break of declining resistance with old-trend-line resistance now looming, has previously struggled to push through in the past. Triangle pattern starting to break here, but just underneath it is testing the rising trend-line off of the March lows. Make or break moment for LLY. RIVN keep an eye this morning on a test

    By |Published On: December 14, 2023|0 min read|

  • Trading Notebook: $GLD $SLV $PFE

    $GLD attempting to put in a new higher-low, following FOMC. $SLV bouncing off of the rising trend-line, suggesting it doesn't believe inflation is over. $PFE breaking through some major support dating back to 2015 this morning.

    By |Published On: December 13, 2023|0 min read|

  • FOMC Statement: December 13, 2023

    FOMC Statement Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.

    By |Published On: December 13, 2023|2 min read|
  • Costco Wholesale (COST)

    Trading Notebook: COST, LKNCY, ORCL, MRNA and GLD

    Costco Wholesale (COST) reports earnings on the 14th and people are chasing this 44 P/E stock right higher still. Total lunacy! As Luckin Coffee (LKNCY) continues to sell-off look for a pullback & buy opportunity at the lower channel band here. Major support looms for Oracle (ORCL) to be tested at $98. Could

    By |Published On: December 12, 2023|1 min read|

  • Trading Notebook: $NIO $GS

    Nice base forming on $NIO daily. Watch for the breakout above resistance. $GS currently testing the declining trend-line & on the verge of pushing through here. Financials are higher risk plays with FOMC on Wednesday.

    By |Published On: December 11, 2023|0 min read|