Stock charts and technical analysis

Trading Notebook: $F $NIO $QQQ

2023-08-29T16:26:43-04:00August 29, 2023|

$F continues to hold the rising trend-line off of the March lows. Potential bounce candidate here. $NIO desperately attempting to hold major support. Close will be very important, and a hold should drastically increase the chances of a bounce from here. $QQQ declining resistance getting tested on QQQ here.

Trading Notebook: $CRWD $AMD $XLY $MCD $BOIL

2023-08-28T15:24:24-04:00August 28, 2023|

$CRWD sideways trading for the past 3 months, and forming a topping pattern on the verge of a breakdown here at support. $AMD clinging to the trend-line, but getting very little bounce/separation so far. Discretionary/Retail is a key sector $XLY to be watching here. Trying to hold that rising trend-line [...]

Trading Notebook: $IBM $AAP $ULTA

2023-08-25T15:17:11-04:00August 25, 2023|

$IBM is probably one of the most boring stocks of the last decade, but is currently nearing a potential breakout of a multi-year basing pattern formed on the weekly chart. $AAP nearing a test of its long-term declining level of support. This is a textbook case of why catching a [...]

Trading Notebook: $GOOGL $AMD $QQQ $SQ

2023-08-24T15:11:25-04:00August 24, 2023|

$GOOGL pullback to the bull flag breakout today. Will need to hold this or risk this being a failed breakout. $AMD pulling back to its rising trend-line off the January lows, after failing to break out of the bull flag this morning. With today's fade off the highs of the [...]

Trading Notebook: $COIN $ORCL $SBUX $XLE $NFLX

2023-08-23T20:26:19-04:00August 23, 2023|

$COIN finally starting to break out of the declining channel from mid-July. Very little resistance overhead from here to continue to the climb. Imagine getting stopped out on a random 7% drop mid-day for no reason at all on $ORCL. No news that I can find anywhere. $SBUX breaking below [...]

Trading Notebook: $SMH $TMST $BIDU $ASO

2023-08-22T15:11:51-04:00August 22, 2023|

$NVDA earnings could change this with their earnings tomorrow, but so far, $SMH dead cat bounce running out of steam at short-term resistance formed by the double top. $TMST attempting to confirm the bear flag today, but support underneath could stabilize the stock. I didn't notice this $BIDU support level [...]

Trading Notebook: $TNX $AMC $JNJ $UUUU $TLT

2023-08-21T22:25:23-04:00August 21, 2023|

$TNX pushing above October '22 highs and breaking through some heavy resistance. $AMC rejection at resistance was the clue to get out. Now it is breaking major support going back to '22. Retested it on Friday and failed. For those that think $AMC is rigged, then why are you even [...]

Trading Notebook: $IBB $CVS $VIX $TNX

2023-08-18T15:21:25-04:00August 18, 2023|

$IBB bouncing off of the rising trend-line from October '22. You'll still want to be mindful of overhead resistance. $CVS for a second straight day testing key support that if broken goes back down to 2019 & 2020 prices. $VIX running into heavy resistance at the 200-day moving average. $TNX [...]

Trading Notebook: $BTC $LNG $WMT $AAPL

2023-08-17T23:49:10-04:00August 17, 2023|

Bitcoin $BTC.X crashing & breaking the rising trend-line off of the January lows. $LNG Rising parallel channel, with a hard bounce off the lower channel band. Looking for a move back to the upper channel band from here. Pullback to the rising trend-line in place seems to be the most [...]

Trading Notebook: $TSLA $GLD $TNX $DBI

2023-08-16T19:02:56-04:00August 16, 2023|

Major support breaking today on $TSLA. Now the next level of support comes in at the rising trend-line around 207-210 area. $GLD inverse cup and handle pattern nearing confirmation. $TNX 10 year yield October highs on tap. Rates continue to rise significantly. $LULU price action still struggling with overhead resistance. [...]

Trading Notebook: $F $SPCE $TGT $DBI

2023-08-15T21:08:16-04:00August 15, 2023|

$F rising trend-line off of the July '22 lows could see a test and bounce. Patience is key here. $SPCE breaking below key support to new all-time lows. $TGT with a continuation triangle break to the downside. $DBI not quite there yet, and definitely having some struggles today, but worth [...]

Trading Notebook: $CHTR $VIX $SMH $WMT

2023-08-14T17:41:20-04:00August 14, 2023|

Michael Burry bought $CHTR and as you can see it is breaking out of a long-term basing pattern that goes back to last year. This one could have some legs to it. $VIX still can't break above resistance. Volatility shorts continue crushing the index with every bounce. Strong bounce so [...]

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