• Trading Notebook: $NIO $SPOT $LMND

    Nice bounce off of 3 nearby support levels so far for $NIO, but be mindful of $TSLA earnings today that could have a significant impact on the stock (for better or worse). $SPOT ascending triangle breakout level. Watch the 5-day moving average as type of trailing stop-loss. A close below would be reason for me

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

  • Trading Notebook: $XLV $DXY $JETS $PRWM

    I'm leery of these breakout attempts on $XLV, like the one seen today, as the last three have all resulted in head fakes. $DXY descending triangle confirmed to the downside. $JETS fighting for a second straight day to get back above broken trend-line resistance. $PRMW price bounce off the lower descending channel band, and following

    By |Published On: July 18, 2023|1 min read|
  • Match Group (MTCH)

    Trading Notebook: MTCH, XLE, JETS, BABA and DIS

    Match Group (MTCH) broke out and through its declining trend-line. I'm watching whether it pulls back to the trend-line and declining support for a potential bounce. Energy Sector (XLE) coming back to test the breakout support level. Watch to see whether it can bounce here. US Global Jets ETF (JETS) rising trend-line broken

    By |Published On: July 17, 2023|1 min read|

  • Trading Notebook: $JETS $SPLK $COIN $CPRT

    Watch to see if $JETS can stabilize here and bounce off the rising trend-line. $SPLK Ascending triangle in play. Best if it can consolidate some right here, and then make a run for the breakout, in order to keep the risk tight. Overall, a very promising chart. Parabolic move on $COIN, potential for a shooting

    By |Published On: July 14, 2023|1 min read|

  • Trading Notebook: $DOCU $NIO $PLUG $CVX

    Massive triangle $DOCU not to far from its all time lows. Formed a double bottom in the very short-term but that pattern is simply part of the much larger triangle. Pullback on $NIO could be targeting a retest of multiple breakout levels underneath. Watch to see if either provides a bounce going forward. $PLUG pushing

    By |Published On: July 13, 2023|1 min read|
  • Recursion Pharmaceuticals (RXRX)

    Trading Notebook: RXRX, KMI, AMZN and GOOGL

    Recursion Pharmaceuticals (RXRX) Perfect example of why you shouldn't FOMO into a trade at the open. Traders down more than 15% since the open. Risk/Reward can't be managed. Kinder Morgan (KMI) breaking out of a short-term ascending triangle but worth being mindful of declining resistance overhead and nearing $18. Ascending triangle in Amazon

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

  • Trading Notebook: $SKLZ $HKD

    $SKLZ with a nice gap fill so far today. Traders still hoping for another rally in $HKD. Trading is about consistently extracting profits from the stock market, not hoping for a lottery ticket in $HKD.

    By |Published On: July 11, 2023|0 min read|
  • Nio (NIO)

    Trading Notebook: NIO, UNH and LYFT

    NIO (NIO) breaking through both layers of resistance today on strong volume. Either UnitedHealth (UNH) bounces at $455 as it has done for the past 1.5 years, or it confirms the triple top and breaks down. Either way the $455 level is what I'm watching on UNH.   Lyft (LYFT) is breaking out

    By |Published On: July 10, 2023|1 min read|

  • Trading Notebook: $DPZ $RMBS $PERI $F $RDNT $ROKU $AAP

    $DPZ breaking declining resistance with double bottom in play. $RMBS nice bull flag breakout & retest of declining support. Needs to hold this bounce in order for the trade to remain intact. $PERI nearing a double bottom breakout but may be a little overstretched in the short-term. Some consolidation before the breakout would be ideal.

    By |Published On: July 7, 2023|1 min read|

  • Trading Notebook: $AMD $SPY $BYD $DWAC $TNX

    If $AMD breaks short-term support, I would be looking for the next leg lower to start on the stock. $SPY is trading in the gap now. Nice pullback for $BYD to the lower channel band, but my big concern here is the fact that it has now made to consecutive lower-highs following a bounce. $DWAC

    By |Published On: July 6, 2023|1 min read|