• Trading Notebook: $SMCI $IWM

    $SMCI nearing a triangle breakout. $IWM declining trend-line getting tested here, with a massive gap underneath.

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

  • Trading Notebook: $META $MDT

    $META at the top end of the range and extremely overbought, attempting to break out of the channel. $MDT working on a potential base. A breakout would occur just underneath $74. Some resistance overhead to be aware of though, and earnings scheduled for 11/21.

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

  • Trading Notebook: $SOFI $PLTR $AIG

    $SOFI attempting to bounce off of declining support but still faces overhead resistance. $PLTR breaking out of a declining resistance $AIG may be forming a wedge pattern to play the breakout on, but resistance overhead remains a problem.

    By |Published On: November 10, 2023|0 min read|

  • Trading Notebook: $AMC $GME $DIS

    $AMC remains absolute dog-water, being down 92% since December. Bulls are going to want to hold on to hold on to this key support level, or more turmoil should be expected. $GME declining trend-line off of the June highs remains well intact and continues to reject price on every test. $DIS currently sitting at heavy

    By |Published On: November 9, 2023|1 min read|

  • Trading Notebook: $DIS $NVDA $DLTR

    Triple bottom in $DIS heading into its earnings. Never worth playing earnings, but could set up tomorrow if the stock rallies after hours. $NVDA breaking the declining trend-line here, rallying 19.3% in 7 days. Playing a breakout with that steep of a rally prior to, doesn't create an ideal reward/risk ratio. $DLTR cup and handle

    By |Published On: November 8, 2023|1 min read|

  • Trading Notebook: $COST $SMH $CELH

    $COST back to testing major resistance. Previous attempts led to sharp rejections. $SMH right there on the upper channel band trying to break through here. $CELH with a heavy sell-off today. Watch these two key support levels.

    By |Published On: November 7, 2023|0 min read|

  • Trading Notebook: CVX, FSLR, AAPL and VIX

    Chevron (CVX)Analysis 1) Short-term support broken, setting up for a retest of long-term trend-line. 2) Declining trend-line above creating lower-highs. 3) Short-term trend-line also broken. First Solar (FSLR) declining channel remains perfectly intact and seeing a hard rejection off the upper channel band today. Apple (AAPL) starting the week by pressing up against declining resistance.

    By |Published On: November 6, 2023|1 min read|
  • Advanced Micro Devices (AMD)

    Trading Notebook: AMD, ACI and MMM

    Advanced Micro Devices (AMD) struggling with the upper channel band resistance. Rising trend-line on Albertsons (ACI) remains intact. As long as it holds, the stock remains bullish. 3M (MMM) breakout above the inverse head and shoulders neckline.  

    By |Published On: November 2, 2023|0 min read|
  • CBOE Market Volatility Index (VIX)

    Trading Notebook: VIX, BA, AMD and ROKU

    CBOE Market Volatility Index (VIX) breaking rising trend-line. Bears in full control of another volatility crush. Declining resistance on Boeing (BA) broken today. Declining channel in Advanced Micro Devices (AMD). Room to run, but watch for a potential reversal around the 106-107 area. Roku (ROKU) with a bullish wedge. Watch for the potential

    By |Published On: November 1, 2023|1 min read|

  • FOMC Statement: November 1, 2023

    Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and

    By |Published On: November 1, 2023|2 min read|